Shopping Neighborhood
Lowe's Anchored Center - Freeway Visible Location in San Diego County
600 W Mission Ave, Escondido, CA 92025
Listing Price: $32,500,000
Investment Overview
--High Identity Southern California Shopping Center-- -Anchored by Lowe’s (NYSE: LOW) on a Long-Term Ground Lease – Lowe’s has Occupied the Subject Property for Nearly 20 Years -Subject Property Includes a Separately Parceled, Single Tenant Panda Express with a Drive-Thru -Includes Fee Simple Ownership of a Three Tenant Strip Retail Building Anchored by San Diego Gas and Electric -SDGE will be Getting New Signage Installed, Which Bodes Well for a Lease Renewal -High Quality, 2007 Construction with Excellent Curb Appeal – The Subject Property is Surrounded by Other Strong Retailers Such as CarMax, Denny’s, Jack in the Box and Motel 6, and O’Reilly Auto Parts --Excellent Surrounding Area & Solid, Investment Grade Fundamentals-- -The Subject Property is Bounded by Signalized Intersections, Allowing for Excellent Exposure as well as Promoting Easy Ingress & Egress for Patrons -Dense Infill Location with Average Household Income Over $100,000 in a 5 Mile Radius | San Diego County’s Population Exceeds 3.3 Million -This Location is Highly Advantageous with Nearby Attractions, Including Escondido Promenade, Westfield North County Mall, and San Diego Safari Park, Drawing Around 3.5 Million Visitors Annually -Over Fifty Percent of the Housing in a Five Mile Radius is Owner Occupied
Lowe's Anchored Center - Freeway Visible Location in San Diego County
Investment Highlights
- Rare Opportunity to Acquire a Southern California Lowe's Asset in a Highly Sought-After San Diego Metropolitan Submarket (Escondido)
- Mostly Passive Ownership - Lowe's and Panda Ground Lease Guarantees Comprise 95% of the Gross Leasable Area
- High Visibility Freeway Frontage Due to Location Near the Intersection of the 78 and 15 Freeways
Shopping Neighborhood
Lowe's Anchored Center - Freeway Visible Location in San Diego County
Listing Price: $32,500,000
Investment Highlights
- Rare Opportunity to Acquire a Southern California Lowe's Asset in a Highly Sought-After San Diego Metropolitan Submarket (Escondido)
- Mostly Passive Ownership - Lowe's and Panda Ground Lease Guarantees Comprise 95% of the Gross Leasable Area
- High Visibility Freeway Frontage Due to Location Near the Intersection of the 78 and 15 Freeways
Investment Overview
--High Identity Southern California Shopping Center-- -Anchored by Lowe’s (NYSE: LOW) on a Long-Term Ground Lease – Lowe’s has Occupied the Subject Property for Nearly 20 Years -Subject Property Includes a Separately Parceled, Single Tenant Panda Express with a Drive-Thru -Includes Fee Simple Ownership of a Three Tenant Strip Retail Building Anchored by San Diego Gas and Electric -SDGE will be Getting New Signage Installed, Which Bodes Well for a Lease Renewal -High Quality, 2007 Construction with Excellent Curb Appeal – The Subject Property is Surrounded by Other Strong Retailers Such as CarMax, Denny’s, Jack in the Box and Motel 6, and O’Reilly Auto Parts --Excellent Surrounding Area & Solid, Investment Grade Fundamentals-- -The Subject Property is Bounded by Signalized Intersections, Allowing for Excellent Exposure as well as Promoting Easy Ingress & Egress for Patrons -Dense Infill Location with Average Household Income Over $100,000 in a 5 Mile Radius | San Diego County’s Population Exceeds 3.3 Million -This Location is Highly Advantageous with Nearby Attractions, Including Escondido Promenade, Westfield North County Mall, and San Diego Safari Park, Drawing Around 3.5 Million Visitors Annually -Over Fifty Percent of the Housing in a Five Mile Radius is Owner Occupied
