701 -777 Broadway - Freestanding FOR SALE


El Cajon, CA 92021
$9,100,000 USD
818-823-0832
701 -777 Broadway, El Cajon, CA for Sale
$9,100,000 USD
Freestanding - FOR SALE
1/8
null | 6.08% Cap Rate

701 -777 Broadway
El Cajon, CA 92021


HIGHLIGHTS

  • 25,460 SF | 100% leased multi-tenant shopping center with stable cash flow
  • ±408’ frontage along Broadway with exposure to ±23,882 VPD
  • Located in a high-traffic corridor near I-8 (±244K VPD) & Hwy 67 (±108K VPD)
  • Diversified daily-needs tenant mix led by fitness, medical, and service uses
  • Dense trade area with 321K+ residents and $118K average HH income
  • Two parcel configuration with value-add flexibility and below replacement cost basis

OVERVIEW

The Ovaness Rostamian Group of Marcus & Millichap is pleased to offer Broadway Village Shopping Center at 701 -777 Broadway, El Cajon —a 25,460 Sq. Ft. stabilized 100% leased neighborhood shopping center located in the high-growth city of El Cajon California located in one of San Diego County’s most active and desirable retail corridors, known for high consumer traffic and strong tenant demand.. This stabilized asset offers diversified income, alongside a strong mix of daily-needs retailers. Ideally positioned along Broadway, the primary east-west commercial corridor, the property features approximately 408 feet of frontage with exposure to a combined (±38,862 VPD) along Broadway and North Mollison Avenue. This high-visibility location ensures strong consumer exposure and draws consistent traffic from both commuters and local residents. The property includes ±25,460 SF of GLA on ±2.19 acres and is priced below replacement cost. Two legal parcels offer future flexibility, including the potential to sell off the outparcel to reduce investment basis. The tenant mix includes hardy mix of tenants: 8% Quick Service Restaurants (QSR) and 15% Specialty Retail, 18% Medical, 4% Grocer, 18% Services, 32% Fitness and 5% clothing catering to both the local community consumer demand. The surrounding trade area includes over 321,681 residents within a five-mile radius, supported by an average household income of $118,399. El Cajon is experiencing steady population growth, with a projected 6.2% increase over the next five years, driven by new housing developments and infrastructure investment. The City of El Cajon is actively pursuing business-friendly policies, including tax incentives, streamlined permitting, and targeted support for industries such as retail, healthcare, and education., contributing to a strong and diverse employment base. With excellent regional connectivity via Interstate 8 (±244,020 VPD) and Highway 67 with Approximately (±108,686 VPD), the property is well-positioned to capture both local and regional consumer traffic. El Cajon and San Diegos low retail vacancy rate at 7.5% and 4.5% and high spending power make 701 -777 Broadway, El Cajon a rare opportunity to acquire a high-visibility, stabilized retail center one of Southern California’s most promising growth markets.

FOR SALE DETAILS

PRICE

$9,100,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Well-Maintained Shopping Center El Cajon CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

124

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

CG

APN/PARCEL ID

483-240-89-00,484-282-39-00

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

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