9480 Cuyamaca StSantee, CA 92071

Property Details for 9480 Cuyamaca St

Year built

2017

Lot size

0.37 AC

Property size (Sq ft)

5,079 SF

Zone code

COMMERCIAL

Property type

Healthcare properties

Property subtype

Medical offices

APN

381-682-24-00

APU

3816822400

Description

This exceptional investment opportunity presents a 5,079 square foot retail shopping center located at 9480 Cuyamaca St, Santee, CA 92071. The property, built in 2017, sits on a 0.37-acre lot and boasts 100% occupancy with a strong tenant, Dental Express, under a triple-net (NNN) lease. The lease features a 10-year term with three 5-year options, each including a 3% annual rent increase. This ensures consistent and growing income for the investor. The property generates a substantial net operating income (NOI) of $250,760, resulting in an attractive 5.75% capitalization rate. The asking price is $4,361,043. Conveniently located as an outparcel to a major anchor tenant, Food for Less, the center benefits from excellent street visibility on Cuyamaca Street, experiencing approximately 24,000 cars per day, and offers multiple points of ingress and egress for easy access. Ample parking is available, providing 3.94 spaces per 1,000 square feet. This sale-leaseback transaction offers a secure and lucrative investment opportunity with significant long-term growth potential in a thriving San Diego County location. The property is a prime example of a stable, high-performing retail investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,128,314

  6.5%

  $1,041,521

  7%

  $967,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $835,887

  Geo Method

  $1,787,656

• Alternative Use

  Use

  Valuation

  Residential

  $1,291,486

  Hospitality

  $1,182,994

  Educational

  $984,237

  Medical

  $1,018,087

  Retail

  $1,531,036

Location Insight

City

Santee

County

San Diego

State

California

Latitude

32.8491

Longitude

-116.984

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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