El Cajon Town & Country

Highlights:

• Pride of Ownership Grocery Anchored Shopping Center – El Cajon Town & Country is a 53,233 square foot shopping center, that includes Grocery Outlet, Dollar Tree, Goodwill, Chase, T-Mobile, and other national tenants. The synergistic tenant mix has solidified the center as being an essential service and daily needs shopping destination for the community.
• Desirable Credit Tenancy - Over to 70% of the Gross Leasable Area (GLA) at El Cajon Town & Country is leased to strong national and regional tenants. The remaining spaces at the center are leased to highly popular users consisting of dining establishments, daily needs businesses and Country Wine and Spirits.
• Top Performing Shopping Center – El Cajon Town & Country boasts over 1.2 million visitors per year to the center, and Dollar Tree ranks in the top 92% of visits amongst its 8,600 stores nationally (Source: Placer.ai).
• Minimal Landlord Expenses or Capital Expenditure - All tenants are responsible for paying their full pro-rata share of common area maintenance (CAM) expenses, property taxes, insurance and management. This structure allows the landlord to pass through operating expenses to the tenants, ensuring a stable and predictable income stream. As a pride of ownership asset with professional management, there is minimal deferred maintenance.
• Stabilized Investment - El Cajon Town & Country boasts a 99% occupancy rate. The almost entirely leased status of the property underscores the center’s desirability and stability as an investment.
• Strong Historical Occupancy - The majority of the tenants have occupied the center for 10+ years providing a weighted average lease term from inception of 14.46 years.
• Improving Returns - Most leases at the center include strong scheduled annual rent increases. These escalations help hedge against inflation and ensure that the investment continues to generate increasing returns over time.
• High Traffic Signalized Corner Location – El Cajon Town & Country is located directly south of I-8 Freeway 2nd St. exit at the major signalized intersection of Madison Ave. This prominent location benefits from combined traffic counts exceeding 37,000 cars per day, ensuring high visibility and accessibility.
• Major Retail Corridor with Regional Draw - Situated within the core of El Cajon’s expansive commercial sector, El Cajon Town & Country is in close proximity to major retailers such as Walmart, Sprouts, Petco, and Walgreens. Furthermore, its location on 2nd St. makes it a strategic stop for visitors traveling to Spring Hills Golf Club and Sycuan Casino Resort, San Diego’s highest rated Casino.
• Dense San Diego Submarket Demographics – The surrounding area boasts a dense population, with 146,837 residents within a three (3)-mile radius and an average household income exceeding $110,382.
• High Barriers to Entry - El Cajon Town & Country is located within a densely populated infill trade area with limited land available for future development. This scarcity of available land and lack of current inventory for lease create high barriers to entry, protecting the center from new competition and ensuring its continued success.

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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