FOR SALE: 100% LEASED RETAIL INVESTMENT453-459 Broadway, Chula Vista, CA 91910

TRACY CLARKSenior Vice President/Partner

KIMBERLY CLARK, ESQ.Vice President

453-459B R O A D W A Y

CHULA VISTA , CA 91910

This site is an excellent location for convenience retailers

or office users who require high exposure and excellent

visibility. The site is located on Chula Vista’s busiest

commercial thoroughfare directly across the street from Pep

Boys and one block from the Chula Vista Mall. It is located

on the Southeast Corner of Broadway & Roosevelt Street.

ADDRESS: 453-459 Broadway, Chula Vista, CA 91910

BUILDING SIZE: ±8,388 SF

APN: 567-231-01

LOT SIZE: ±15,002 SF / 0.34 Acres

PARKING: 11 free surface spaces (1.31/1,000 SF)

PaydayLoans

Jewelry& Pawn

Alle

y

Roo

seve

lt St

reet

Broadway

Not To ScaleProperty Line

Pole Sign

Wire

less

Ret

ails

Smoke Shop

Hair Supply Store

PROPERTY OVERVIEW

SALE PRICE: $2,200,000 | CAP RATE: 6.05%

PROPERTY DETAILS

453-459B R O A D W AY

ANNUAL INCOME

Scheduled Gross Income $156,981

CAM Reimbursements $16,656

Increased Real Estate Tax Reimbursement (45.72%) $2,834

GROSS INCOME $176,471

ACTUAL 2019 OPERATING EXPENSES

Building Maintenance & Repairs $1,669

Utilities (Water, Sewer, SDG&E) $$2,797

Contract Services (Day Porter & Roof) $3,725

Management Fees $5,780

Insurance $4,825

Property Taxes (Estimated New Taxes) $24,640

TOTAL OPERATING EXPENSES $43,436

NET OPERATING INCOME $133,035 BROADWAY

INCOME AND EXPENSES

PRICE: $2,200,000 | CAP RATE: 6.05%

453-459B R O A D W AY

SUITE TENANT RSFMONTHLY

BASE RENT

NNN EXPENSES

BASE MONTHLY RENT PSF

TOTAL RENT

LEASE START DATE

LEASE END DATE

% OF TOTAL

CPI ANNUAL OPTIONS

453MCA Sales(Jewelry)

1,350 $2,542.00 $500.00 $1.88 $3,042.00 07/01/09 12/31/24 16.46% 2.5%1 x 5 Years with 2.5% Increases

455 Metro PCS 1,000 $1,500.00 $370.00 $1.50 $1,870.00 10/01/13 09/30/24 12.2% 2% None

457Hair Supply Store

3,000 $4,400.00 $0.00 $1.47 $4,400.00 05/01/20 6/30/23 36.6% 3%1 x 2 Years At Market

459 AEuphoria Vapor

1,450 $2,240.00 $0.00 $1.54 $2,240.00 06/01/15 05/31/21 17.68% 3% None

459 B Checkmate 1,400 $2,399.75 $518.00 $1.71 $2,917.75 12/01/14 11/30/22 17.07%Actual

CPI

1 x 5 Years with CPI

Increases

Totals 8,200 $13,081.75 $1,388.00 $14,469.75

RENT ROLL

453-459B R O A D W AY

TRACY CHARLES CLARKSenior Vice President/Partner858.458.3339 | tclark@voitco.comLic. #00641800

KIMBERLY CHANELLE CLARK, ESQ.Vice President858.458.3343 | kclark@voitco.comLic. #01439305

4180 La Jolla Village Drive, Suite 100, La Jolla, CA 92037 • 858.453.0505 • 858.408.3976 Fax • Lic #01991785 | www.voitco.com

Licensed as a Real Estate Broker and Salesperson by the DRE. ©2020 Voit Real Estate Services, Inc. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it.

Otay Valley Regional Park

Montgomery High School

DEMOGRAPHICSPopulation 1 Mile 3 Mile 5 Mile2019 Total Population: 43,878 150,035 413,909

2024 Population: 47,206 155,315 424,001

Pop Growth 2019-2024: 7.58% 3.52% 2.44%

Average Age: 36.50 36.90 36.20

Households2019 Total Households: 15,385 49,185 120,924

HH Growth 2019-2024: 7.38% 3.71% 2.58%

Median Household Inc: $45,459 $47,880 $56,215

Avg Household Size: 2.80 3.00 3.30

2019 Avg HH Vehicles: 2.00 2.00 2.00

HousingMedian Home Value: $409,164 $413,474 $404,364

Median Year Built: 1976 1970 1973

TRAFFIC COUNTSCollection Street

Cross Street Traffic Volume

Broadway Vance St 21,638

H St Smith Ave 24,109

G St Broadway 4,623

Broadway I St 23,025

H St Woodlawn Ave 31,326

Broadway Park Way 20,530

Woodlawn Ave G St 2,093