2ND& BROADWAY FOR SALE ±6,680 SF RETAIL/STOREFRONT ON HIGH IDENTITY CORNER IN EL CAJON DO NOT DISTURB TENANTS BROADWAY

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Brandon Watson
6 years ago
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1 ND& BROADWAY FOR SALE ±6,680 SF RETAIL/STOREFRONT ON HIGH IDENTITY CORNER IN EL CAJON DO NOT DISTURB TENANTS

2 TABLE OF CONTENTS THE PROPERTY EXECUTIVE SUMMARY... PROPERTY HIGHLIGHTS... SITE PLAN MARKET OVERVIEW PROPERTY AERIAL... EL CAJON MARKET OVERVIEW POPULATION DENSITY

EXECUTIVE SUMMARY We are pleased to present 1303-1311 Broadway in El Cajon, CA. Located on the hard corner of N.

3 EXECUTIVE SUMMARY We are pleased to present Broadway in El Cajon, CA. Located on the hard corner of N. 2nd Street and Broadway, this South East corner presents a great opportunity for any investor looking for excellent real estate in an emerging market. With over 100,000 homes in a 5 Mile radius, the demand for family oriented uses in the area is strong. The surrounding Tenants (CVS, Walgreens, and Vons) complement almost any national retailer as they funnel heavy traffic counts of +30,000 cars per day. The 22,650 Square Foot Parcel is accompanied by flexible zoning standards that allow for many different commercial uses. The project has excellent access to many areas of San Diego county with very close proximity to the Interstate-8 plus Highways 125, 94, 54, 52, and 67. Highway Interstate-8 has ±142,000 cars per day is located in a C2 commercial zone which allows for many different retail uses such as beauty shops, clothing stores, neighborhood markets, offices, restaurants, and more. SALE PRICE: $2,500, Broadway is located on a high identity, hard corner with over 30,000 cars a day 3

PROPERTY HIGHLIGHTS Property Highlights ±6,680 SF retail building for sale or lease Close proximity to major retailers (Vons, CVS, and Walgreens) Convenient access to Interstate 8 & Hwy 67 Hard

4 PROPERTY HIGHLIGHTS Property Highlights ±6,680 SF retail building for sale or lease Close proximity to major retailers (Vons, CVS, and Walgreens) Convenient access to Interstate 8 & Hwy 67 Hard corner with 30,000 + cars per day Major upside to development Strong demographics PROPERTY ADDRESS: Broadway APN: Tenant Overview: Conroy s Flowers Conroy s Flowers has a lease through 3/31/2017 Current Rate: $53,340 NNN annually with one (1) option to renew for five (5) years at a 7.25% increase Large inventory of fresh flowers, plants and tropicals, contemporary and traditional arrangements, gift baskets, and more Open and delivers seven days a week, 365 days a year Serves all of San Diego BUILDING AREA: ±6,680 LOT AREA: ±21,789 (0.5 AC) SALE PRICE: $2,500,000 YEAR BUILT: 1983 TERMS: PARKING: SUBMARKET Fee Simple Ownership 29 spaces (4.34/1,000 SF) El Cajon Retail BUILDING FAR: 0.30 ZONING: General Commercial 4

5 SITE PLAN BROADWAY Conroy s Flowers 2,320 SF Vacant 890 SF N. 2nd STREET Vacant 700 SF Vacant 1,000 SF Vacant 1,770 SF 5

2nd Street Broadway 32,542 N. 2nd Street Marline Avenue 32,180 N.

6 2 PROPERTY AERIAL SITE BROADWAY HIBERT ST. B SCRIPPS RANCH N. 2ND STREET LVD. TREENA ST. TRAFFIC COUNTS Collection Street Cross Street Traffic Volume N. 2nd Street Broadway 32,542 N. 2nd Street Marline Avenue 32,180 N. 2nd Street Persimmon Avenue 22,376 Broadway Oro Street 20,989 IP SCR. E DR AK PS L SCRIPPS RANCH HIGH SCHOOL ±142,000 ADT 6

MARKET OVERVIEW EAST COUNTY OVERVIEW The East County area of San Diego is home to approximately 500,000 people, with El Cajon as the most populous City in the region and the area s transportation and

7 MARKET OVERVIEW EAST COUNTY OVERVIEW The East County area of San Diego is home to approximately 500,000 people, with El Cajon as the most populous City in the region and the area s transportation and administrative hub. East County has excellent access to other parts of San Diego County with Interstate-8, plus Highways 125, 94, 54, 52, and 67. The major hub for public transportation in East County is the El Cajon Transit Center which links two trolley lines and multiple bus lines. The largest employment industry in El Cajon is Educational Services and Health Care, which accounts for over 20% of the city s jobs. 289,681 Residents 67% are over the age of ,607 Households $58,386 Avg. Household Income $ $372,905 Median Home Value 57% College Educated 7

POPULATION DENSITY Demographics 1 Mile 3 Miles 5 Miles Population (2015) 30,676 149,173 289,681 Projected Population (2020) 32,069 157,290 305,667 2015 Total Households 10,323 51,874

8 POPULATION DENSITY Demographics 1 Mile 3 Miles 5 Miles Population (2015) 30, , ,681 Projected Population (2020) 32, , , Total Households 10,323 51, ,607 Average Household Size Median Age Median Household Income $39,754 $47,551 $58,386 Median Home Value $320,863 $337,117 $372,905 5 Miles 3 Miles 1 Mile 8

9 ND& BROADWAY KIPP GSTETTENBAUER, CCIM Senior Vice President [Direct] Lic. # MAX STONE Associate [Direct] Lic. # RYAN TOMKINS Vice President [Direct] Lic. # Licensed as a Real Estate Broker and Salesperson by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions. is a registered trademark of Voit Real Estate Services.

EXCELLENT NORTH PARK MIXED-USE OPPORTUNITY WITH APARTMENTS OVER RETAIL

3433-45 University Avenue EXCELLENT NORTH PARK MIXED-USE OPPORTUNITY WITH APARTMENTS OVER RETAIL KIPP GSTETTENBAUER, CCIM Senior Vice President Lic #01405420 858.458.3345 kipp@voitco.com RYAN KING, CCIM