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1000 Graves Avenue, El Cajon, CA

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1000 Graves Avenue

El Cajon, CA 92021-4558 - El Cajon Ret Submarket

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:1974
Building Size:10,300 SF Land Area:1.31 AC (57,064 SF)
For Sale Price:$6,375,000 Price/SF:$618.93
Cap Rate:5.34 %
Parking:57 Surface spaces are available; Ratio of 5.53/1,000 SF

Sale Notes:
Corporate Absolute NNN Leased Black Angus Steakhouse with 7.5 Years Remaining on Initial Term
Zero Landlord Obligations
100% Fee Simple Interest
Scheduled Increases - 5.78% Cap in Oct 2016
Asset Well Situated Near Major Retail Corridor Across the Street from Target
Strong Demographics - 328,343 Residents in a Five-Mile Radius

The subject offering is the fee simple interest in a Corporate Black Angus Steakhouse NNN leased property. There are over7.5 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.
El Cajon is a city in San Diego County, California. Nestled in a valley surrounded by mountains, the city has acquired the nickname of The Big Box. Its name originated similarly, from the Spanish phrase el cajn, which means the box or the drawer.

SVN The Kase Group
Louis Hicks
(925) 231-1770

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