1068 Broadway El Cajon, CA 92021
Property Features for 1068 Broadway
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.89 Acres
Source:
Elliman
Listing Agent: Brandon Long
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Investment Opportunity on Broadway
A proposed single tenant sale leaseback to CRT Plasma is available. The property features 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, assigning all responsibilities to the tenant. 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. The submarket boasts an extremely low vacancy rate of 3%.
Location Intelligence
Current Use by Public Records
Faragallah S Chiropractic ...
Medical Clinic
CRT Plasma
Medical Clinic
East County Pain ...
Medical Clinic
Cheri Joseph L.Ac. ...
Pediatrician
Scantibodies Biologics Plasma ...
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- El Cajon
- County
- San Diego
- State
- California
- Longitude
- -116.9456608
- Latitude
- 32.8080911
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Single tenant NNN sale leaseback with 7% cap rate.
Where is this nnn property located?
The property is located at 1068 Broadway El Cajon, CA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: - Absolute NNN lease offering a passive income stream.; - Proposed 15-year lease with 2.5% annual rental escalations and four 5-year renewal options.; - High traffic location on Broadway (24,700 VPD) near Target, Home Depot, and Parkway Plaza.
