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Smart & Final

El Cajon, California

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Marcus & Millichap is pleased to present the exclusive listing for a Smart & Final located at 13439 Camino Canada in El Cajon, California. The site constructed in 1996 and consists of roughly 56,731 rentable square feet of building space on estimated 6.29-acre parcel of land.
This Smart & Final is subject to an original long term, 20-year triple-net (NNN) lease, which commenced on 12/18/2015. The current annual rent is$1,243,016. There are Two (2), Ten (10)-year tenant renewal options.

33rd Most Trafficked Smart & Final According to Placer AI
✓ Original Long Term 20-Year Absolute Triple Net (NNN) Lease; 13 Years
Remaining
✓ Attractive 2% Annual Rental Increases; Strong Inflation Hedge
✓ Tenant Renewal Options: Two (2) Periods of Ten (10) Years, Each bringing the
Potential Lease Term to 33 Years Remaining
✓ Corporate Tenant; Corporate Guaranty

Key Details

Price:
$26,168,758
Cap Rate:
4.75%
Annual Rent:
$1,243,016
Address:
13439 Camino Canada, El Cajon, California 92021
Property Type:
Net-Leased Grocery
Lease Type:
Triple Net (NNN)

Original Lease Term:
20.0 Years
Lease Commencement:
12/18/2015
Lease Expiration:
2/28/2035
Lease Term Remaining:
13 Years
Rental Increases:
2.00% Annually
Lot Size:
+/- 6.29 Acres
Building Size:
0 SF
Year Built:
1996
Tenant:
Smart & Final

Broker of record

James Markel

License: 01253407


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