875-877 E. H Street
Chula Vista, California, 91910

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Description:

Price: $11,193,000

We are pleased to offer to qualified investors a two (2) tenant opportunity in an exceptional location adjacent to Costco and brand new anchor Walmart that is scheduled to open in June 2017. PetSmart signed a 10-year lease triple net lease featuring a ten percent (10%) rental increase every five years throughout the initial term and four 5-year options. Discount Tire signed a 25-year fee-simple land lease featuring a ten percent (10%) rental increase every five years throughout the initial term and four 5-year options.
INVESTMENT HIGHLIGHTS
Corporate Signature Strength
»» Discount Tire - 900 stores in the United States with an annual revenue of $3.9 billion dollars
»» PetSmart - 1,352 stores in the United States with an annual revenue of $8.7 billion dollars
Location, Location, Location
»» Just minutes from Downtown San Diego and the San Diego Harbor, located in the highly desirable, wealthy community of Eastlake
»» Excellent Retail Anchor Location adjacent to very high producing Costco and Home Depot
»» High geographical barriers to entry due to Pacific Ocean & Mexico
»» Surrounded by dense residential and strong demographic fundamentals
Excellent Access and Visibility
»» Located along East H Street a major thoroughfare in the South Bay with close proximity to Interstate 805
»» Within a 5-mile radius include the Sharp Chula Vista Medical Center, Southwestern College, Bonita Vista High School, and numerous schools
»» Excellent visibility at the forefront of the premier retail center in the South Bay
Long Term Net Lease – Stable Income
»» Discount Tire Ground Lease for 25 years
»» PetSmart NNN Lease for 10 years
»» Premier Tenants in the commercial real estate investment world

Location on map:

Contact Information

Name: Voit Private Client Group
Phone: 858-458-3322