Broadway Village Center - El Cajon CA
Broadway Village Center | Stabilized Strong Tenant Mix 6.29% CAP | 25,460 SqFt | Drive-Thru Pad
Marketing description
The Ovaness Rostamian Group of Marcus & Millichap is pleased to offer Broadway Village Center at 701-777 Broadway, El Cajon — a 25,460 Sq. Ft. stabilized 100% leased neighborhood shopping center located in the high-growth city of El Cajon, California, located in one of San Diego County’s most active and desirable retail corridors, known for high consumer traffic and strong tenant demand. This stabilized asset offers diversified income, alongside a strong mix of daily-needs retailers.
Ideally positioned along Broadway, the primary east-west commercial corridor, the property features approximately 408 feet of frontage with exposure to a combined (±38,862 VPD) along Broadway and North Mollison Avenue. This high-visibility location ensures strong consumer exposure and draws consistent traffic from both commuters and local residents.
The property includes 25,460 Sq. Ft. of GLA on ±2.19 acres and is priced below replacement cost. Two legal parcels offer future flexibility, including the potential to sell off the outparcel to reduce investment basis. The tenant mix includes hardy mix of tenants: 8% Quick Service Restaurants (QSR) and 15% Specialty Retail, 18% Medical, 4% Grocer, 18% Services, 32% Fitness and 5% Clothing catering to both the local community consumer demand.
The surrounding trade area includes over 321,681 residents within a five-mile radius, supported by an average household income of $118,399. El Cajon is experiencing steady population growth, with a projected 6.2% increase over the next five years, driven by new housing developments and infrastructure investment. The city of El Cajon is actively pursuing business-friendly policies, including tax incentives, streamlined permitting, and targeted support for industries such as retail, healthcare, and education, contributing to a strong and diverse employment base.
With excellent regional connectivity via Interstate 8 (±244,020 VPD) and Highway 67 with approximately (±108,686 VPD), the property is well-positioned to capture both local and regional consumer traffic. El Cajon and San Diego’s low retail vacancy rate at 7.5% and 4.5% and high spending power make 701-777 Broadway, El Cajon a rare opportunity to acquire a high-visibility, stabilized retail center in one of Southern California’s most promising growth markets.
Investment highlights
Premier Retail Investment Opportunity – Broadway Village Center
701–777 Broadway, El Cajon, CA | Stabilized, Fully-Leased Neighborhood Shopping Center in San Diego County
25,460 Sq. Ft. | 100% Leased | Multi-Tenant Shopping Center
• Prime Visibility & Frontage – ±408 Feet Along Broadway, A Major East-West Commercial Artery, With Exposure to ±23,882 Vehicles Per Day (VPD).
• Hardy Tenant Mix – The Center Features a Hardy Mix of Tenants: 8% Quick Service Restaurants (QSR) and 15% Specialty Retail, 18% Medical, 4% Grocer, 18% Services, 32% Fitness and 5% Clothing Catering to Both the Local Community Consumer Demand.
• Stabilized Asset – 100% Leased With a Strong History of Long-Term Occupancy; Offered Below Replacement Cost. With Two Legal Parcels Offering Future Flexibility, Including the Potential to Sell Off the Outparcel to Reduce Investment Basis.
• Strong Demographics & Spending Power – Over 321,681 Residents Within a 5-Mile Radius and an Average Household Income of $118,399, Supporting High Levels of Area Retail Expenditure.
• Expanding Residential Growth – El Cajon Is Experiencing Steady Residential Development, With New Housing Communities Attracting Families and Professionals Seeking Affordability and Proximity to San Diego’s Urban Core, Adding to the Demand for Neighborhood Serving Retail.
• Excellent Accessibility & Signage – Four Curb Cuts for Smooth Ingress/Egress to Enhance Access From Broadway and Ballantyne Street and a Prominent Highly Visible Monument Sign to Enhance Visibility.
• High-Traffic Retail Corridor – Strategically Positioned With Direct Access to Interstate 8 (±244,020 VPD) and Highway 67 (±108,686 VPD), the Property Enjoys Exceptional Regional Connectivity and Exposure to Substantial Commuter Traffic. It Also Benefits From a Combined (±38,862 VPD) Along Broadway and North Mollison Avenue, Enhancing Visibility and Drive-By Exposure.
• Strategic Employment & Economic Hub – El Cajon Is Home to Major Employers Including GKN Aerospace, Taylor Guitars, and Grossmont College, With Growing Sectors in Healthcare, Education, and Manufacturing. Neighboring San Diego Offers Additional Employment Opportunities in Biotech, Defense, and Tourism.
• Active Economic Development – The City of El Cajon Is Investing in Infrastructure Upgrades, Downtown Revitalization, and Business-Friendly Initiatives Including Streamlined Permitting and Incentives for Retail and Small Business Growth.
• Future Population Growth – El Cajon’s Population Is Projected to Grow by 6.2% Over the Next Five Years, With New Housing Developments and Infrastructure Improvements Driving Increased Daytime Traffic and Retail Demand.
Shopping Center Details
25,460 Sq. Ft. on ±2.19 Acres | 100% Occupied | 6.00% In-Place CAP Rate | 6.20% ProForma CAP Rate
• Tenant Breakdown – 8 Tenants Consisting of a Mix of: 8% Quick Service Restaurants (QSR) and 15% Specialty Retail, 18% Medical, 4% Grocer, 18% Services, 32% Fitness and 5% Clothing.
• Ample Parking – 124 Dedicated Parking Stalls, Located on El Cajon’s Main Retail Artery. This Investment Offers Stable Cash Flow in a High-Demand Growth Market.
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