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El Cajon Town & Country 328-420 N 2nd St

53,233 SF 100% Leased Retail Building El Cajon, CA 92021 $29,138,930 CAD ($547 CAD/SF) 6.93% Cap Rate

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Investment Highlights

Superior, National and Regional Credit Grocery Anchored Investment with Complementary Tenant Mix in the Infill Market of El Cajon.
Over to 70% of the Gross Leasable Area (GLA) at El Cajon Town & Country is leased to strong national and regional tenants.
All tenants are responsible for paying their full pro-rata share of common area maintenance (CAM) expenses, property taxes, insurance and management.

El Cajon Town & Country is a 53,233 square foot shopping center, that includes Grocery Outlet, Dollar Tree, Goodwill, Chase, T-Mobile, and more.
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.
El Cajon Town & Country boasts a 99% occupancy rate.

Executive Summary

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.