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Craig Hulbert

craig.hulbert@exprealty.com +1(858) 752-3447

$ 6,100,000

Est. payment | -/mo

0.89 Acres Lot

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$ 6,100,000

Est. payment | -/mo

Save Virtual Tour

0.89 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial-Off/Rtl/Ind

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250028048

Lot Size 0.890 Acres

Property Sub-Type Commercial-Off/Rtl/Ind

Property Description

Current appraisal in hand at list price! Regional Realty is pleased to exclusively market for sale a proposed single tenant sale leaseback (NNN) to CRT Plasma offering over a 7% cap rate. The proposed sale leaseback terms include a 15-year lease with 2.5% annual rental escalations throughout the primary term and four 5-year renewal options. The lease will be absolute triple net and feature no landlord responsibilities. The submarket boasts an extremely low vacancy rate of 3% according to CoStar. The practice is led by a Johns Hopkins-trained transfusion medicine specialist and has experienced strong success. Please inquire with broker for financial information. The 15,632-square-foot building is strategically located along Broadway, a primary thoroughfare with traffic exceeding 24,700 vehicles per day. Broadway hosts a wide range of major retailers, including Target, Food 4 Less, The Home Depot, Best Buy, ALDI, and Home Goods, as well as Parkway Plaza, a regional shopping center featuring Dick's Sporting Goods, JC Penney, H&M, Regal Cinemas, Ashley, Bath & Body Works, and more. The property also offers close proximity to Interstate 8 (148,000 VPD) and CA-67 (100,000 VPD), enhancing accessibility. Situated in a densely populated area, the asset serves over 308,000 residents within a five-mile radius, with an average household income of $124,210.

Location

State CA

County San Diego

Area East County

Direction N Mollison to Broadway or N 1st street to Broadway.

Interior

Heating Central Forced Air Elec, Central Forced Air Gas, Other/Remarks

Cooling Central Forced Air Elec

Flooring Other/Remarks, Slab

Fireplace No

Exterior

Parking Features On Site, Private, Other/Remarks

View Y/N No

Roof Type Other/Remarks

Building

Lot Description Free Standing

Story 2

Others

Senior Community No

Tax ID 4842933400

Acceptable Financing Other/Remarks

Listing Terms Other/Remarks

Special Listing Condition N/K, Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/250028048

Listed by Brandon Long, DRE#01382111 Regional Realty & Investments Inc.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 752-3447

craig.hulbert@exprealty.com

5530 La Jolla Blvd, La Jolla, CA, 92037, USA

1068 Broadway El Cajon, CA 92021

Craig Hulbert

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1068 Broadway