Santa Fe Crossroads | Signalized, Corner Location
1450 N. Santa Fe Avenue, Vista, CA 92083
Property Description
Price: $8,975,000
Price Per/SF: $454.89
Land Area: ±1.65 Acres
Cap Rate: 6.05%
Gross Leasable Area: ±19,730 Square Feet
Year Built: 1987
Investment Highlights
Rare Southern California Shopping Center | Prime Infill Location on a Major Commercial Corridor with High Barriers to Entry
Signalized, Corner Location at the Intersection of N. Santa Fe Avenue and W. Bobier Drive (Traffic Counts Exceed 40,100 Cars Per Day)
The City of Vista is Underoing Rapid Development and Growth | Centrally Located Between San Diego, Orange County, and the Inland Empire
Prime Retail Location with Long-Term Stability
- Staggered Lease Expirations and Built-In Annual Increases Ensure Consistent and Growing Cash Flow
- Proven Tenant Commitment – 63% of the Gross Leasable Area Has Been Occupied by Long-Term Tenants for 15+ Years (42% for 20+ Years)
- Immediate Freeway Access – Just 2 Miles from CA Route 78, Providing Quick Connectivity to Interstate 5 and 15 Freeways Serving San Diego, Orange County, and the Inland Empire
Strong Real Estate Fundamentals in a Growing Market
- The Subject Property is Adjacent to McDonald’s (NAP), Which Drives Additional Traffic to This Corner of the Intersection | Strong Credit Tenant Presence – Surrounded by Stater Bros., CVS, AutoZone, and More
- Excellent Demographics – Population Exceeds 239,000 Residents and Average Household Income Exceeds $124,000 Within Five Miles
- Strategic Vista Location Undergoing Transformation – the Area is Experiencing Rapid Redevelopment and Residential Growth, Including:
- Persea Luxury Apartments, (305 Units Constructed in 2021), Located Less Than 1/2 Mile from the Subject Property
- Major Redevelopment Underway at Bobier Elementary, Enhancing Community Appeal and Foot Traffic
- Over 100 New Residential Units Are Being Developed Within a One-Mile Radius, Supporting Long-Term Consumer Demand
Contact Information
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643