1068 Broadway, El Cajon, CA 92021

Property Description

Price improvement effective today! 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.

Listing Status:

Active

Listing Office:

Regional Realty & Investments Inc. :

Listing Agent:

Brandon Long : 619-990-3179

MLS ID:

250028048

Interior

• Flooring: Other/RemarksSlab
• A/C: Central Forced Air Elec
• Heating: Central Forced Air ElecCentral Forced Air GasOther/Remarks

Exterior

• Parking: On SitePrivateOther/Remarks

Construction

• Roofing: Other/Remarks
• General: Other/Remarks2

Location

• Originating MLS: SDMLS
• County: San Diego

Lot

• Zoning: 4842933400

Financial

• Source: SDMLS

This listing courtesy of Brandon Long, Regional Realty & Investments Inc.