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2005 Camino Del Este - In-N-Out Burger, San Diego, CA

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2005 Camino Del Este - In-N-Out Burger

San Diego, CA 92108-1537 - Mission Valley Ret Submarket


Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:-
Building Size:2,930 SF Land Area:.86 AC (37,462 SF)
For Sale Price:$8,481,000 Price/SF:$2,894.54
Cap Rate:5.66 %


The property has I-8, freeway exposure and street frontage on Camino Del
Rio N. It is located directly across the street from the approximately 1.3
million square foot Mission Valley shopping mall.

Sale Notes:
INVESTMENT HIGHLIGHTS
• Exceptional Store Sales - With exceptional 2015 store sales at this location (call Broker for details), this store is one of the best in the entire In-N-Out chain, far exceeding estimated average store sales
• Corporate Lease - Privately owned and operated, In-N-Out has 311 locations in California, Nevada, Arizona and Utah
• Long Term Historical Occupancy - Established regional credit tenant on a long term twenty (20) year lease (two years remaining) on base term
• Superb Mission Valley Location - Excellent synergy with the Westfield Mission Valley Mall, a 1.1 million SF shopping center with a top tier tenant line up creating a point of destination location and satisfying daytime and evening customer demands
• Freeway Fronting - More than 235,000 cars per day pass the property on the fronting I-8 freeway, one of San Diego County’s busiest freeways
• Fee-Simple STNL - Single tenant, NNN ground lease; lowest possible management obligation with limited deferred maintenance or near term capital requirements

CBRE
Phil D Voorhees
(949) 725-8521

John Read
(949) 725-8606

Megan Wood
(949) 725-8423




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