8,632 Square Foot Retail Space For Sale @ 57 N Broadway

Property tours are available by appointment. Please contact the listing broker to schedule a tour. Investment Highlights: * Extremely attractive cap rate for Walmart & Best Buy shadow-anchored shopping center * 50% of the GLA is paying below market rent * 20% rental increase after 2-year holding period * Adjacent to Ross, Grocery Outlet, Dixieline Lumber and Fallas Paredes anchored center and proximate to Aldi, Smart & Final, Hobby Lobby and Party City * Prime real estate that provides steady rent increases and stable cash flow * Unmatched retail location only 3 miles north of the Chula Vista Bayfront which is projected to generate ~$1.3 billion for the regional economy Investment Overview: Opportunity for a fee simple purchase of a portion of Southbay Marketplace located in the San Diego sister city of Chula Vista, California. Nestled between a Best Buy and Walmart Supercenter, this three tenant deal offers investors the opportunity to own a heavily trafficked retail property surrounded by dominant retailers in the heart of Southern California. The excellent demographics paired with the location of this property make it an extremely low-risk asset to own. The offering provides an investor with a strong location, stability, and upside in rents. The current tenants have been in place since 1999 and rents are well below market, giving the owner an opportunity to increase rents as tenant leases expire.