Broadway Plaza

• Embedded Annual Cash Flow Growth: Contractual rent growth is approximately 7% annually with a 3.5 Year WALT, creating a unique opportunity to compound current income while preserving near-term leasing flexibility.
• Strong In-Place Cash Flow with Complementary Tenant Mix: Fully leased neighborhood retail center comprised of daily needs and service-oriented tenancy, with upside in near-term rent growth with lease rollover in coming years.
• Optionality to Drive NOI Growth: Approximately 54% of the GLA matures in 5 years, providing an investor with discretion to enhance the NOI.
• Leasing and Renewal Momentum: Approximately 72% of the GLA leased or renewed in the last 12 months, demonstrating strong tenant demand in the El Cajon marketplace.
• Exceptional Retail Corridor: The subject property shares a dense retail corridor home to Home Depot, Target, Best Buy, Food 4 Less, In-N-Out Burger, Starbucks, AutoZone, and many additional national name-brand retailers Target is currently drawing an estimated ±237K weekly visits (per AlphaMap).
• Near-Term Value Creation: A ±3.5 Year WALT allows an investor to capture market rent growth and/or improve tenancy as leases mature, creating options to enhance long-term NOI.
• Recent Capital Improvements: Ownership implemented façade upgrade, landscape work, and other recent improvements reducing immediate CapEx needs for purchaser.
• Strong Traffic Counts: The property is strategically positioned on a primary commercial corridor in El Cajon with an estimated ±23,052 VPD along Broadway with an additional ±100,000 VPD on CA-67 (±0.34 Miles West).
• In Place Consumer Base: El Cajon is San Diego County’s fifth largest city and anchors East County’s commercial core. The estimated population is 161,220 in a 3-mile radius with an estimated Average HHI of $105,563, providing a consistent ample customer base for the property.