9720-9760 Winter Gardens Blvd - Freestanding FOR SALE


Lakeside, CA 92040
$19,800,000 USD
949-698-1106
9720-9760 Winter Gardens Blvd, Lakeside, CA for Sale
$19,800,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

9720-9760 Winter Gardens Blvd
Lakeside, CA 92040


HIGHLIGHTS

  • Grocery Anchored | Strong Corporate Tenants Outparcel Pad with Drive-Through | New Charging Station
  • Strong Tenant Credit | Below Market Rents
  • Hard-Corner Intersection | Quick Access to State Hwy 67
  • Premier Southern California Retail Opportunity | Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Capital Markets is pleased to offer the opportunity to acquire the Central Lakeside Shopping Center, a 59,736 SF grocery-anchored investment property located in Lakeside, California. This shopping center is 95% occupied and boasts a diverse lineup of strong corporate tenants, including Grocery Outlet, Walgreens, O’Reilly Auto Parts, Starbucks, Jersey Mike’s, and KFC. The anchor tenant, Grocery Outlet, has recently signed a new 10-year lease with four 5-year options to extend, demonstrating their long-term commitment to the site. Additionally, EVgo has secured a brand new 10-year lease for an electric vehicle charging station, providing an additional and stable income stream. The KFC on-site operates from a freestanding building with drive-through access. Starbucks with drive-through access, and other 3 tenants also occupies a separate building on its own parcel. The offering has a potential break-up opportunity to maximize the property’s value.

FOR SALE DETAILS

PRICE

$19,800,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Anchored Center | San Diego MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

316

LAND DETAILS

CROSS STREETS

SWC Winter Gardens Blvd & Woodside

LAND ACRES

6.03 AC

LAND SF

262,667 SF

ZONING

C

APN/PARCEL ID

382-070-67,382-070-68,382-070-69

ASK ABOUT THIS PROPERTY

Pat KentSRS National Net Lease GroupMore Info
949-698-1106

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Pat KentSRS National Net Lease GroupMore Info
949-698-1106

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