1068 Broadway
El Cajon CA 92021
$6,450,000
Status: Active
Property Details
Description
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.
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Listing provided courtesy of Brandon Long of Regional Realty & Investments Inc.. Last updated 2025-05-21 09:27:04.000000. Listing information © 2024 PSIR CREST.
Greg Amat
Realtor
DRE# 02071886
12411 Rancho Bernardo Rd, Village Shopping Center
San Diego, CA 92128
Cellphone:
Moreno Gombia
Realtor
DRE# 02069405
12411 Rancho Bernardo Rd, Village Shopping Center
San Diego, CA 92128
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CA DRE# 683371
12411 Rancho Bernardo Rd, Village Shopping Center
San Diego, CA 92128
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