Shopping Neighborhood
Oceanside Square
4750 Oceanside Blvd, Oceanside, CA 92056
Listing Price: $12,000,000
Investment Overview
Marcus & Millichap is pleased to present Oceanside Square a highly desirable multi-tenant retail strip center located at 4750-4760 Oceanside Blvd in Oceanside, CA. Spanning 35,013 square feet and 96.9% leased, this center consists of 21 diverse tenants, providing investors with a stable and income-generating asset. The property benefits from two convenient ingress/egress access points, ensuring excellent visibility and traffic flow. Oceanside Square is strategically positioned in an area experiencing rapid growth, with several new housing developments nearby, driving increased foot traffic and demand for retail services in the area.
One of the key advantages of Oceanside Square is the significant upside in rents, with current in-place rent averaging $1.94/SF, approximately 25% below market. This presents a prime opportunity for investors to drive rental growth, optimize the tenant mix, and boost the property’s NOI. The center also benefits from shallow, efficiently sized tenant suites that support high occupancy rates, optimal rents, and low improvement costs, helping to keep CapEx to a minimum year over year.
With 60.81% of the gross leasable area occupied by tenants for 10+ years, Oceanside Square has demonstrated long-term tenant stability, highlighting its resilience even during challenging economic periods, such as the pandemic, when many retail properties struggled. The property also features NNN leases and staggered lease expirations, coupled with a diverse mix of internet-resistant tenants, including food, fitness, and service providers, reducing rollover risk and ensuring consistent foot traffic.
Located in a growing, densely populated, and affluent coastal community, Oceanside Square serves a population of 172,199 with an average household income of $109,818. The influx of new housing developments nearby further solidifies this property’s long-term viability as a key retail hub. With limited future competition in this infill, supply-constrained market, Oceanside Square offers investors a generational acquisition opportunity in one of North San Diego County’s most promising retail trade areas.
Investment Highlights
- Oceanside Square - North County Neighborhood Center - 35,013 SF Multi-Tenant Retail
- 96.9% leased with 21 diverse tenants ensuring stable income, Current rents 25% below market, offering opportunity to increase NOI
- Long-Term Tenants, 60.81% of the space leased for 10+ years, highlighting tenant stability
- Affluent Market, Located in a high-income, densely populated coastal area with limited competition, Situated in a rapidly growing area with nearby housing developments driving foot traffic
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Financing By
Listing Price: $12,000,000
Investment Highlights
- Oceanside Square - North County Neighborhood Center - 35,013 SF Multi-Tenant Retail
- 96.9% leased with 21 diverse tenants ensuring stable income, Current rents 25% below market, offering opportunity to increase NOI
- Long-Term Tenants, 60.81% of the space leased for 10+ years, highlighting tenant stability
- Affluent Market, Located in a high-income, densely populated coastal area with limited competition, Situated in a rapidly growing area with nearby housing developments driving foot traffic
Investment Overview
Marcus & Millichap is pleased to present Oceanside Square a highly desirable multi-tenant retail strip center located at 4750-4760 Oceanside Blvd in Oceanside, CA. Spanning 35,013 square feet and 96.9% leased, this center consists of 21 diverse tenants, providing investors with a stable and income-generating asset. The property benefits from two convenient ingress/egress access points, ensuring excellent visibility and traffic flow. Oceanside Square is strategically positioned in an area experiencing rapid growth, with several new housing developments nearby, driving increased foot traffic and demand for retail services in the area. One of the key advantages of Oceanside Square is the significant upside in rents, with current in-place rent averaging $1.94/SF, approximately 25% below market. This presents a prime opportunity for investors to drive rental growth, optimize the tenant mix, and boost the property’s NOI. The center also benefits from shallow, efficiently sized tenant suites that support high occupancy rates, optimal rents, and low improvement costs, helping to keep CapEx to a minimum year over year. With 60.81% of the gross leasable area occupied by tenants for 10+ years, Oceanside Square has demonstrated long-term tenant stability, highlighting its resilience even during challenging economic periods, such as the pandemic, when many retail properties struggled. The property also features NNN leases and staggered lease expirations, coupled with a diverse mix of internet-resistant tenants, including food, fitness, and service providers, reducing rollover risk and ensuring consistent foot traffic. Located in a growing, densely populated, and affluent coastal community, Oceanside Square serves a population of 172,199 with an average household income of $109,818. The influx of new housing developments nearby further solidifies this property’s long-term viability as a key retail hub. With limited future competition in this infill, supply-constrained market, Oceanside Square offers investors a generational acquisition opportunity in one of North San Diego County’s most promising retail trade areas.