5998 El Cajon Blvd - Bank FOR SALE


San Diego, CA 92115- College West
$4,300,000 USD
858-717-1697
5998 El Cajon Blvd, San Diego, CA for Sale
$4,300,000 USD
Bank - FOR SALE
1/8
null | 4.28% Cap Rate

5998 El Cajon Blvd
San Diego, CA 92115
College West


HIGHLIGHTS

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

OVERVIEW

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. The current option period expires February 1, 2028 and Citibank has Three 5-Year Options to Extend. The current Net Operating Income is $184,231.22 and there are 1.5% annual increases. The building has a drive thru and the building size is 6,256 SF. The lot size is 22,651 SF and the property is on the corner of El Cajon Boulevard and Albuquerque Street. There are approx. 20 onsite parking spaces and about 44,700 cars per day that pass by.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$687 USD /SF

CAP RATE

4.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CITIBANK NNN INVESTMENT OPPORTUNITY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

CC-3-8

APN/PARCEL ID

466-602-31

ASK ABOUT THIS PROPERTY

Tony FrancoFranco Realty GroupMore Info
858-717-1697

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Tony FrancoFranco Realty GroupMore Info
858-717-1697

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.