Pride of Ownership Grocery Anchored Shopping Center

Highlights:

• PRIDE OF OWNERSHIP GROCERY ANCHORED SHOPPING CENTER
• DESIRABLE CREDIT TENANCY
• TOP PERFORMING SHOPPING CENTER
• MINIMAL LANDLORD EXPENSES OR CAPITAL EXPENDITURE
• STABILIZED INVESTMENT
• STRONG HISTORICAL OCCUPANCY
• IMPROVING RETURNS
• HIGH TRAFFIC SIGNALIZED CORNER LOCATION
• MAJOR RETAIL CORRIDOR WITH REGIONAL DRAW
• DENSE SAN DIEGO SUBMARKET DEMOGRAPHICS
• HIGH BARRIERS TO ENTRY

Description:

CBRE is pleased to offer for sale, El Cajon Town & Country – a 53,233 square foot grocery anchored shopping center located in a vibrant sub-market of San Diego. The center consist of an ideal mix of national and regional tenants, including Grocery Outlet, Dollar Tree, Goodwill, Chase, T-Mobile and Baskin Robbins. The complimentary nature of the tenancy has resulted in making El Cajon Town & Country one of the leading shopping centers in the immediate area. The site is 99% occupied with a weighted-average lease term remaining of over three (3) years - well above the regional average for comparable grocery anchored shopping centers – which helps minimize leasing and capital expenditure costs

All tenants are on triple-net leases, paying their pro-rata share of common area maintenance expenses, property taxes, insurance, and management fees. El Cajon Town & Country is ideally located just south of the I-8 Freeway 2nd St. on/off ramp, making it a commuter friendly and strategic destination for nearby residents. In today’s marketplace with limited high quality product, El Cajon Town & Country is a true pride of ownership investment with excellent fundamentals making it a premier offering

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