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CITIBANK NNN INVESTMENT OPPORTUNITY 5998 El Cajon Blvd

6,256 SF Retail Building San Diego, CA 92115 $5,972,400 CAD ($955 CAD/SF) 4.32% Cap Rate

Banks California San Diego 5998 El Cajon Blvd, San Diego, CA 92115

Investment Highlights

  • NEW 5 Year Lease Expiring January 31, 2028
  • Tenant has Three 5-Year Options to Extend
  • Operated as a Drive Thru Bank Building for more than 50 Years!
  • Building Size Approx 6,256 SF Lot Size Approx 22,651 SF
  • Corporate Backed Lease from a Fortune 50 Company Worth Over $90 Billion
  • Annual 1.5% Annual Increases

Executive Summary

The Franco Realty Group is proud to exclusively present for sale this single tenant NNN investment opportunity leased to Citibank. This is an excellent 1031 exchange opportunity that will provide little to no management. Citibank just exercised their option to extend their lease, which provides a landlord with a new 5 year lease.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
6,256 SF
Building Class
C
Year Built
1970
Price
$5,972,400 CAD
Price Per SF
$955 CAD
Cap Rate
4.32%
NOI
$258,105 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.52 AC
Zoning
CUPD-CU-2- - Commercial
Parking
20 Spaces (3.2 Spaces per 1,000 SF Leased)
Frontage
66 ft on El Cajon Blvd

Amenities

  • Banking
  • Signage
  • Drive Thru

Links

1 of 1
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Walker's Paradise (90)
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Nearby Major Retailers

California Coast Credit Union
Citi
San Diego County Credit Union
U.S. Bank
Vons
Waba Grill
Starbucks
L & L Hawaiian Barbecue
F45
Chase Bank

PROPERTY TAXES

Parcel Number 466-602-31 Improvements Assessment $1,997,256 CAD
Land Assessment $2,958,898 CAD Total Assessment $4,956,154 CAD

PROPERTY TAXES

Parcel Number
466-602-31
Land Assessment
$2,958,898 CAD
Improvements Assessment
$1,997,256 CAD
Total Assessment
$4,956,154 CAD
(858) 717-1697

Contacts

  • Listing ID: 28509008

  • Date on Market: 2023-05-17

  • Last Updated:

  • Address: 5998 El Cajon Blvd, San Diego, CA 92115

The Retail Property at 5998 El Cajon Blvd, San Diego, CA 92115 is currently available for sale. Contact Franco Realty Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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5998 El Cajon Blvd, San Diego, CA for sale Building Photo- Image 1 of 9
02 - Tony Franco Realty Group Commercial Property For Sale College Area Sold Property Management (5)
5998 El Cajon Blvd, San Diego, CA for sale Building Photo- Image 2 of 9
01 - Tony Franco Realty Group Commercial Property For Sale College Area Sold Property Management (13)
5998 El Cajon Blvd, San Diego, CA for sale Building Photo- Image 3 of 9
03 - Tony Franco Realty Group Commercial Property For Sale College Area Sold Property Management (2)
5998 El Cajon Blvd, San Diego, CA for sale Building Photo- Image 4 of 9
04 - Tony Franco Realty Group Commercial Property For Sale College Area Sold Property Management (31)
5998 El Cajon Blvd, San Diego, CA for sale Building Photo- Image 5 of 9
05 - Tony Franco Realty Group Commercial Property For Sale College Area Sold Property Management (35)
5998 El Cajon Blvd, San Diego, CA for sale Building Photo- Image 6 of 9
06 - Tony Franco Realty Group Commercial Property For Sale College Area Sold Property Management (44)
5998 El Cajon Blvd, San Diego, CA for sale Building Photo- Image 7 of 9
Building Photo
5998 El Cajon Blvd, San Diego, CA for sale Plat Map- Image 8 of 9
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CITIBANK NNN INVESTMENT OPPORTUNITY | 5998 El Cajon Blvd
(858) 717-1697 x

CITIBANK NNN INVESTMENT OPPORTUNITY | 5998 El Cajon Blvd

1/2

Tony Franco

(858) 717-1697

(858) 717-1697

Leanne O'Berry

(858) 707-5334

(858) 707-5334

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