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24146981
24146982

55-57 N Broadway, Chula Vista, CA 91910

DA
NV NV BS.0143692, NJ 2294556
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas
$2,100,000
354 days on market
Updated 39 days ago

South Bay Modern Dentistry (Pacific Dental Services)

Details
APN 562-324-09-00
Property Type Office
Sub Type Medical Office
Square Footage 3,032
Cap Rate 4.50%
NOI $101,875
Lease Type NNN
Lease Expiration 05/30/2032
Lease Options 2 x 5-Years
Price per SqFt $693
Year Built 2003
Acreage 0.400
Zoning CT
Lease Commencement 05/31/2022
Ownership Fee Simple

Office | 4.50% CAP | 3,032 SqFt

Investment highlights

  • Corporate Tenant Backed by Pacific Dental Services (PDS): One of the nation’s leading dental support organizations with over 900 locations across the U.S., providing institutional-level creditworthiness and long-term stability.

  • New 10-Year Lease (2022) with NNN Terms: Investor enjoys passive cash flow with minimal landlord responsibilities, built-in rent escalations, and long-term income security through two 5-year renewal options.

  • Walmart-Anchored Retail Center with 254,253 SF of GLA: The subject property is part of Southbay Marketplace II, a dominant regional shopping destination anchored by Walmart, Ross, Five Below, and others, drawing heavy daily traffic and retail synergy.

  • Strategic 0.40 AC Site in Dense Infill Market: Hard-corner location near Broadway & Palomar St with excellent visibility, accessibility, and over 51,000 vehicles per day on nearby corridors.

  • Population Growth: Over 9% population growth since 2010; continued expansion through high-density residential infill and mixed-use redevelopment.

  • Healthcare Demand: Chula Vista is home to major medical employers and a growing senior population, fueling dental and outpatient medical demand.

  • Proximity to U.S.-Mexico Border: Enhances cross-border consumer spending and creates a dynamic, binational labor and retail environment.

  • Public Infrastructure & Transit: Subject is near the Palomar Street Trolley Station, offering public transit connectivity to downtown San Diego and Otay Mesa.

Listing Contacts

DA
NV NV BS.0143692, NJ 2294556
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,875.00
$8,489.58/mo

Valuation Metrics

0
DSCR
4.85%
Cap Rate
4.85%
ROI

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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