10041 Mission Gorge Rd
Retail | 18,560 SqFt
Marketing description
Below-Market Rent = Future Upside Pep Boys currently pays just $175,692 annually – well below prevailing retail and autoservice rents in the trade area. This presents a significant rent growth opportunity for a future investor. Whether Pep Boys renews beyond 2033 or the site is eventually re-tenanted, the lease structure allows investors to capture massive upside in one of San Diego County’s strongest suburban markets.
Strength of the Market Santee combines steady population growth, strong household incomes, and high traffic retail synergy. With nearly 120,000 residents in a 3-mile radius and proximity to both SR-52 and SR-125, the corridor draws from a wide regional customer base.
National retailers in the immediate area include Walmart, Target, Costco, and The Home Depot, creating a sticky trade area with lasting consumer demand. Investment Summary
Investment highlights
▪ Zero landlord obligations – true passive income.
▪ Committed tenancy through 2033, with the ability for Pep Boys to remain until 2048.
▪ Rent growth locked in: scheduled increases at each option period.
▪ Underlying land value in a high-traffic San Diego County corridor ensures long-term security.
▪ Future repositioning upside: below-market lease creates optionality for investors seeking redevelopment or re-tenanting plays down the line.
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