Ramona Station

1847 Main Street, Ramona, CA

Market Price

Price

$816,126

NOI

10.02 acres

Lot Area

Overview
NOI
$816,126
Lot Area
10.02 acres
Occupancy
94.6%
Year Built
1991
Zoning
RM-V5
Tenancy
Multiple
Parking Spots
475
Description

Colliers’ Retail Capital Markets Team is pleased to present for sale, Ramona Station, a Kmart anchored neighborhood center, centrally located within the city of Ramona’s main retail corridor in San Diego County, California. The offering provides a tremendous and unique opportunity for investors to acquire a value-add retail center with in-place cash flow, and significant redevelopment upside potential in San Diego County.

Highlights
  • Extremely rare San Diego County value-add opportunity.
  • Coveted landlord right to recapture and redevelop up to 50% of the Kmart space.
  • Upside in leasing up the five vacant units totaling 5,812 square feet.
  • Attractive in-place cash flow for a value-add investment.
  • The center is strategically located on Main Street Ramona, one of the busiest retail corridors in East San Diego County.
  • Desirable demographic profile with average household incomes exceeding $110,000 annually.
Documents
Title
Ramona_Station_OM.pdf
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Location
Gallery