1000 Graves Avenue, El Cajon, CA
Retail for Sale - $6,375,000 - 10,300 Sq. Ft. on 1.3 acres
Property Info
| CIMLS# | 829514 |
| Location 1000 Graves Avenue El Cajon CA 92021 | |
| Updated | January 29th, 2016 |
| Type | Retail |
| Price | $6,375,000 |
| Building | 10,300 Sq. Ft. |
| Land | 1.3 acres |
Property Description
The subject offering is the fee simple interest in a Corporate Black Angus Steakhouse NNN leased property. There are more than 7.5 years remaining on the initial term of the absolute NNN lease, which provides for zero landlord obligations. There are scheduled CPI rental increases every 5 years capped at 10%. The asset is well situated across the street from a Target Superstore, and enjoys strong demographics.
Location Description:
The subject offering is the fee simple interest in a Corporate Black Angus Steakhouse NNN leased property. There are 8+ years remaining on the initial term of the absolute NNN lease, which provides for zero landlord obligations. There are scheduled CPI rental increases every 5 years capped at 10%. The asset is well situated across the street from a Target Superstore, and enjoys strong demographics.
El Cajon is a city in San Diego County, California. Nestled in a valley surrounded by mountains, the city has acquired the nickname of
Financials
Sales Info:
>> Cap rate: 5.34%
>> Commision split: 2.75%
>> NOI: $340638
