1068 Broadway, El Cajon, CA 92021
  • MLS#: 250028048SD ( )
  • Street Address: 1068 Broadway
  • Viewed: 7
  • Price: $6,450,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: SAN DIEGO
  • City: El Cajon
  • Zipcode: 92021
  • Provided by: Regional Realty & Investments Inc.
  • Contact: Brandon Brandon
  • California Regional MLS IDX
  • DMCA Notice
  • 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 Dicks 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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Features
Construction Materials
  1. Other
Country
  1. US
Heating
  1. Forced Air
  2. See Remarks
Inclusions
Parcel Number
  1. 4842933400