For Sale
$4,300,000

1522 Graves AveEl Cajon, CA 92021

High-traffic retail center, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 100% occupied, multi-tenant retail center anchored by a 7-Eleven with a four-pump gas station, operating since 1976 under a triple-net lease. The property, located at 1522 Graves Avenue in El Cajon, CA 92021, boasts approximately 2,400 square feet for the 7-Eleven and an additional approximately 2,429 square feet of strip center space. A respected Sombreros Mexican Restaurant, with 16 locations across San Diego County and a nearly 30-year tenancy, is also a key tenant. The property also includes a 3,267 square foot, two-story office building. The site benefits from a prime location with high visibility from State Route 67 and the busy Bradley Avenue on/off ramp, situated at a signalized intersection with high traffic flow. The property's Net Operating Income (NOI) is $172,434, resulting in a 4.01% cap rate. The asking price is $4,300,000. The property offers potential for future development, including conversion of the office building to residential units or redevelopment into a Quick Service Restaurant (QSR) with a drive-thru. APN: 387-131-16-00

Highlights

  • 100% Occupancy.
  • 7-Eleven, 2,400 SF, 4-pump gas station.
  • 2,429 SF strip center with Sombrero Mexican Food (one of sixteen locations).
  • 3,267 SF two-story office building.
  • Freeway visibility and signalized intersection.
  • Long-term leases in place.

Property Details for 1522 Graves Ave

Property type
Retail properties, Gas stations

Location Insight

City
El Cajon
County
San Diego
State
California
Latitude
32.819527
Longitude
-116.9596933
1522 Graves Ave, El Cajon, California

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1522 Graves Ave
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