5540-5548 El Cajon Blvd 4,700 SF 100% Leased Retail Building San Diego, CA 92115 $3,200,680 CAD ($681.00 CAD/SF) 5.29% Cap Rate

CEG is pleased to present 5540–5548 El Cajon Boulevard, a 100% leased, multi-tenant retail investment located in the College Area/El Cerrito submarket of San Diego. The Property fronts El Cajon Boulevard, a high-traffic east–west commercial corridor serving surrounding residential neighborhoods, San Diego State University (SDSU), and key regional arterials.
The Property consists of approximately ±4,700 square feet of street front retail space on a ±10,045 square foot parcel (±0.23 acres). The improvements include four ground-floor retail, service, and restaurant tenants, complemented by a rooftop billboard providing supplemental income.
Located in close proximity to SDSU, the Property benefits from strong student and faculty demand, along with a growing local residential base in the El Cerrito neighborhood. The corridor’s long-term importance is being shaped by broader institutional and community growth, including the SDSU Mission Valley mixed-use development and Snapdragon Stadium, which together are strengthening east–west connectivity between SDSU’s main campus and surrounding districts. The City of San Diego recently approved the College Area Community Plan Update, which adds capacity for up to 17,750 homes. [Times of San Diego, December 2025]
5540–5548 El Cajon Boulevard offers diversified income from established neighborhood-serving tenants, stable occupancy, and durable local demand within a supply-constrained infill location. This offering presents an opportunity to acquire a stabilized retail asset with in-place income and potential upside through rental growth, continued tenant demand, and ongoing corridor transformation.