328-420 N 2nd St - Department Store FOR SALE


El Cajon, CA 92021
$20,500,000 USD
818-259-0476
328-420 N 2nd St, El Cajon, CA for Sale
$20,500,000 USD
Department Store - FOR SALE
1/7
null | 6.9% Cap Rate

328-420 N 2nd St
El Cajon, CA 92021


HIGHLIGHTS

  • Superior, National and Regional Credit Grocery Anchored Investment with Complementary Tenant Mix in the Infill Market of El Cajon.
  • El Cajon Town & Country is a 53,233 square foot shopping center, that includes Grocery Outlet, Dollar Tree, Goodwill, Chase, T-Mobile, and more.
  • Over to 70% of the Gross Leasable Area (GLA) at El Cajon Town & Country is leased to strong national and regional tenants.
  • El Cajon Town & Country boasts over 1.2 million visitors per year to the center, and Dollar Tree ranks in the top 92% of visits.
  • All tenants are responsible for paying their full pro-rata share of common area maintenance (CAM) expenses, property taxes, insurance and management.
  • El Cajon Town & Country boasts a 99% occupancy rate.

OVERVIEW

CBRE is pleased to offer for sale, El Cajon Town & Country – a 53,233 square foot grocery anchored shopping center located in a vibrant sub-market of San Diego. The center consist of an ideal mix of national and regional tenants, including Grocery Outlet, Dollar Tree, Goodwill, Chase, T-Mobile and Baskin Robbins. The complimentary nature of the tenancy has resulted in making El Cajon Town & Country one of the leading shopping centers in the immediate area. The site is 99% occupied with established tenants and includes multiple recent lease renewals – which helps minimize leasing and capital expenditure costs. All tenants are on triple-net leases, paying their pro-rata share of common area maintenance expenses, property taxes, insurance, and management fees. El Cajon Town & Country is ideally located just south of the I-8 Freeway 2nd St. on/off ramp, making it a commuter friendly and strategic destination for nearby residents. In today’s marketplace with limited high quality product, El Cajon Town & Country is a true pride of ownership investment with excellent fundamentals making it a premier offering.

FOR SALE DETAILS

PRICE

$20,500,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Cajon Town & Country

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

215

LAND DETAILS

LAND ACRES

4.3 AC

LAND SF

187,308 SF

ZONING

C

APN/PARCEL ID

489-162-17

ASK ABOUT THIS PROPERTY

Patrick WadeCBRE, Inc.More Info
818-259-0476

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Patrick WadeCBRE, Inc.More Info
818-259-0476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.