Grocery Anchored Center | San Diego MSA | 9720-9760 Winter Gardens Blvd
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Grocery Anchored Center | San Diego MSA 9720-9760 Winter Gardens Blvd
59,736 SF 95% Leased Retail Building Lakeside, CA 92040 £15,309,369 (£256/SF)
INVESTMENT HIGHLIGHTS
- Grocery Anchored | Strong Corporate Tenants Outparcel Pad with Drive-Through | New Charging Station
- Hard-Corner Intersection | Quick Access to State Hwy 67
- Strong Tenant Credit | Below Market Rents
- Premier Southern California Retail Opportunity | Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS Capital Markets is pleased to offer the opportunity to acquire the Central Lakeside Shopping Center, a 59,736 SF grocery-anchored investment property located in Lakeside, California. This shopping center is 95% occupied and boasts a diverse lineup of strong corporate tenants, including Grocery Outlet, Walgreens, O’Reilly Auto Parts, Starbucks, Jersey Mike’s, and KFC. The anchor tenant, Grocery Outlet, has recently signed a new 10-year lease with four 5-year options to extend, demonstrating their long-term commitment to the site. Additionally, EVgo has secured a brand new 10-year lease for an electric vehicle charging station, providing an additional and stable income stream. The KFC on-site operates from a freestanding building with drive-through access. Starbucks with drive-through access, and other 3 tenants also occupies a separate building on its own parcel. The offering has a potential break-up opportunity to maximize the property’s value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
59,736 SF
Building Class
B
Year Built/Renovated
1978/2011
Price
£15,309,369
Price Per SF
£256
Percent Leased
95%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.23
Lot Size
6.03 AC
Zoning
C - Commercial
Parking
316 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
439 ft on Winter Gardens Blvd
AMENITIES
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalised Intersection
- Drive Thru
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £9,627,089 | |
| Land Assessment | £5,372,093 | Total Assessment | £14,999,181 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£5,372,093
Improvements Assessment
£9,627,089
Total Assessment
£14,999,181
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Grocery Anchored Center | San Diego MSA | 9720-9760 Winter Gardens Blvd
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