419 EUCLID AVE San Diego CA 92114-2204

The subject offering is a new construction freestanding retail building 100% leased to 3 prominent national tenants: El Pollo Loco (drive-thru), Verizon, and Bank of America (ATM). Also part of the development is a freestanding Jamba drive-thru that is currently under construction and scheduled for opening in Q4-2024. This property is also available for sale separately or as a portfolio.

The property benefits from excellent visibility along the high-traffic Euclid Avenue corridor, as well as being situated directly across from a busy trolley and bus station. Also surrounding the property is a high-volume Food 4 Less anchored shopping center and a brand new 65,000 SF County health facility. The property is located in a densely populated submarket of San Diego that continues to see a significant amount of new multi-family, medical office, and other retail and cultural developments in the immediate area.

• 100% Leased with New NNN Leases— El Pollo Loco (drive-thru, 15-year lease), Verizon Wireless, and Bank of America ATM

• New Construction with Ease of Management.

• Exceptional High-Traffic, Dense Infill Location Across from Busy Trolley & Bus Transit Station.

• Dynamic Neighborhood that is Experiencing a Tremendous Amount of New Medical, Commercial and Multi-Family Residential Developments.

• 600+ New Multi-Family Residential Units Planned or Underway Within a Half Mile of Property.

• Across the Street from Market Street Plaza— a 100% Leased, 81,000 SF Shopping Center Anchored by Food 4 Less, Starbucks, Wells Fargo, WingStop, and More.

• Immediately Adjacent to the New $79M, 65,000 SF County Health Facility that Recently Opened in September 2023 with an Estimated 238 Employees.

The subject offering is a new construction, two-tenant building that includes a drive-thru El Pollo Loco on a new 15-year lease. The second suite is currently vacant and available for an owner/occupant, or alternatively, the Seller will guarantee the rent for up to 1 year from closing.

The property benefits from excellent visibility along the high-traffic Euclid Avenue corridor, as well as being situated directly across from a busy public transit station with trolley and bus service. Also surrounding the property is a high-volume Food 4 Less anchored center, as well as a brand new 65,000 square foot County health facility that just opened in September 2023.

The property is located in a densely populated submarket of San Diego and continues to see a significant amount of new multi-family, medical office, and cultural developments in the immediate area.

High-Traffic Location & Across from Trolley Station

• Located across the street from the busy Euclid Avenue Transit Station and parking lot, the property has immediate access to public transportation for both the MTS Trolley System and regional bus routes. The Orange Line for the MTS trolley system connects downtown San Diego with other cities to the east including Lemon Grove, La Mesa, and El Cajon.

• Euclid Avenue is a major commercial arterial connecting National City to the south and the SDSU college area to the north as 54th Street/Collwood Blvd.

Commercial & Cultural Hub for the Surrounding Community

• Immediately adjacent to the property is the brand new Southeastern Live Well Center, a public health facility administered by the County of San Diego Health and Human Services Agency. The $79M facility spanning 65,000 SF recently opened in September 2023 with an estimated 238 employees.

• In addition to the new Live Well Center, there is also a 60,000 SF medical office complex just a block south, as well as a 23,000 SF Family Health Centers of San Diego nearby.

• Across the street from the property is the Jacobs Center for Commercial Innovation, a 72,000 SF, thriving cultural hub for the community and home to many concerts, performing arts and community meetings.

Central, Infill Location with Several New Residential Development Projects

• There are multiple new multi-family developments recently completed or underway within a half-mile that will provide 300+ new units over the next few years.

• Dense, infill population of 107,365 in a 2-mile radius with an average household income of $76,481.

• With the presence of the transit station and significant new multi-family and medical office developments in the immediate area, the subject property is uniquely positioned to serve this growing and thriving community.

El Pollo Loco – New NNN Lease Backed by Experienced Tenant

• The El Pollo Loco franchisee is Peg/Lion LLC, an experienced operator with 32 locations throughout Southern California.

• The remaining 1,315 SF space is currently vacant, providing a unique opportunity for an owner/occupant. Alternatively, the Seller will guarantee the rent and NNN’s for up to 12 months from close of escrow.

• The two-tenant nature of the subject property enables a Buyer to achieve an above-market cap rate return when compared to comparable single tenant properties in Southern California.