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9312 Mission Gorge Rd
Santee, CA 92071
Retail Property For Sale
Investment Highlights
- MAJOR RETAIL TRADE AREA
- 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
Retail
Property Subtype
Building Size
2,050 SF
Building Class
B
Year Built
2003
Price
$23,850,562 CAD
Price Per SF
$11,634.42 CAD
Cap Rate
6.50%
NOI
$1,550,330 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.52 AC
Zoning
NC - Neighborhood Commercial
Parking
6 Spaces (2.93 Spaces per 1,000 SF Leased)
Frontage
67’ on Mission Gorge Rd
Amenities
- Signage
Property Taxes
| Parcel Number | 383-156-05 | Improvements Assessment | $910,493 CAD |
| Land Assessment | $954,905 CAD | Total Assessment | $1,865,398 CAD |
Property Taxes
Parcel Number
383-156-05
Land Assessment
$954,905 CAD
Improvements Assessment
$910,493 CAD
Total Assessment
$1,865,398 CAD
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