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8915-9312 Carlton Hills Blvd
Santee, CA 92071
Retail Property For Sale
Investment Highlights
- COMPELLING NEIGHBORHOOD RETAIL INVESTMENT
- ATTRACTIVE SUBURBAN LOCATION
- MAJOR RETAIL TRADE AREA
- ROBUST FUNDAMENTALS & 100% OCCUPIED RETAIL ASSET
- HIGH TRAFFIC | EXCELLENT VISIBILITY
- HIGH TRAFFIC SIGNALIZED CORNER
Executive Summary
CBRE presents Carlton Hills Plaza, a 43,351 SF multi-tenant retail investment located at 8915-8967 Carlton Hills Blvd & 9312 Mission Gorge Road in Santee, CA. This neighborhood shopping center offers a compelling opportunity to acquire a stable, income-producing asset within the growing Santee community.
Carlton Hills Plaza benefits from a prime location at the high-traffic intersection of Carlton Hills Boulevard and Mission Gorge, adjacent to a major retail corridor featuring prominent national retailers such as Kohl’s, Lowe’s, Walmart, and Costco. The center boasts a diverse and stable tenant mix, including long-term anchor GTM Discount Stores (since 1991) and popular daily-needs retailers and eateries like Mary’s Donuts (a local institution for 40 years), Marieta’s Mexican, Daboba, and The Chicken Shop. With 100% occupancy for the past three years and over 98% for the preceding five years, the plaza demonstrates consistent performance with strong NOI growth.
Carlton Hills Plaza benefits from a prime location at the high-traffic intersection of Carlton Hills Boulevard and Mission Gorge, adjacent to a major retail corridor featuring prominent national retailers such as Kohl’s, Lowe’s, Walmart, and Costco. The center boasts a diverse and stable tenant mix, including long-term anchor GTM Discount Stores (since 1991) and popular daily-needs retailers and eateries like Mary’s Donuts (a local institution for 40 years), Marieta’s Mexican, Daboba, and The Chicken Shop. With 100% occupancy for the past three years and over 98% for the preceding five years, the plaza demonstrates consistent performance with strong NOI growth.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
43,351 SF
Building Class
C
Year Built
1959
Price
$23,850,562 CAD
Price Per SF
$550.17 CAD
Cap Rate
6.50%
NOI
$1,550,330 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
3.99 AC
Zoning
NC - Neighborhood Commercial
Parking
191 Spaces (4.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,715,407 CAD | |
| Land Assessment | $1,933,556 CAD | Total Assessment | $4,648,963 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,933,556 CAD
Improvements Assessment
$2,715,407 CAD
Total Assessment
$4,648,963 CAD
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