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Chula Vista

Re-Tenant Opportunity

Vacant former CVS to be NNN leased to San Ysidro Health Care

Investor Return Summary

Investor-level IRR (2 year):           29.0%

Multiple on Invested Capital:       1.66x

Avg. Stabilized Cash Flow:            9.56%

Investor Documents

Property Information

Equity Raise:                                    $2,450,000
Total Costs After Renovation:     $9,000,000

Anticipated Hold Period:             2 - 5 years
Building Type:                                 STNNN

Square Footage (bldg):                  23,760
Square Footage (land):                  87,120

JS Western Retail Investments is offering select investors the opportunity to participate in the acquisition of a 23,760 sf vacant commercial property in Chula Vista, CA (10 mi. south of downtown SD).  The property, previously a CVS pharmacy,  is located on a busy intersection and is shadow anchored by Carnival Supermarket, a successful local operator.  The subject property was owned and operated by CVS, who recently shut down the store in exchange for the opportunity to build a stand-alone, drive-thru location a half-mile north of the subject property. Our leasing broker on 3 other assets we own in San Diego brought this deal to us (off market) with a tenant-in-tow (San Ysidro Health). The property is being purchased for $4,200,000 ($177/sf), which is below replacement cost.