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31456281
31456282

3502 College Blvd, Oceanside, CA 92056

BR
CA CA 01170320, NV S.0198735
Marcus & Millichap - San Diego
PW
CA 02107118
Marcus & Millichap - San Diego
RH
CA CA 02230580
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$2,800,000
66 days on market
Updated 66 days ago

The Shoppes @ College Plaza

Details
APN 168-012-41-00
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 4,224
Net Rentable (SqFt) 4,224
Occupancy 50%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.02%
Pro-Forma NOI $196,511
Price per SqFt $663
Year Built 1980
Year Renovated 2023
Buildings 1
Stories 1
Zoning CC
Investment Type Value Add

Retail | 4,224 SqFt

Marketing description

Marcus & Millichap has been engaged to exclusively market for sale a value-add out parcel pad to College Plaza, a Grocery Outlet and Hobby Lobby

anchored neighborhood center. Situated on College Boulevard, a primary north-south arterial linking Highway 76 and SR78, the site offers excellent visibility,

convenient access and exposure to over 45,000 vehicles per day.

The location benefits from close proximity to daily needs retailers including Starbucks, Wendy's, El Pollo Loco, Chick-fil-A, Walmart, Albertsons, Home

Depot. The site is additionally minutes to Mira Costa College, Tri-City Medical Center, and numerous K–12 schools, supported by both established and new

housing communities. Within a five-mile radius, the trade area includes 305,000+ residents with average household incomes exceeding $113,000,

underscoring the strength of this Oceanside corridor and the opportunity to capitalize on durable market fundamentals.

The building features an extensive dental office build-out with a 30+ year operating history. Furniture, Fixtures and Equipment as well as intellectual

property are available separately, creating a turnkey solution for a new dental practice. Currently configured for two tenants with flexibility for a

three-tenant layout the building provides strong versatility and a compelling value-add opportunity through immediate lease-up and mark-to-market rents

of more than 50% of the GLA.

With a premier location, robust demographics, and proximity to high-performing regional demand drivers, this outparcel pad represents a compelling

opportunity in one of San Diego’s most dynamic submarkets

Investment highlights

Out Parcel Shops - Grocery Outlet, Hobby Lobby, Starbucks, Wendy's, El Pollo Loco

Top Retail Destination - Nearly 2 million consumer visits annually

Buildout - Complete Dental office, solar power, established patient accounts

Dense Trade Area - 311k daytime population, $133k Median income

Listing Contacts

BR
CA CA 01170320, NV S.0198735
Marcus & Millichap - San Diego
PW
CA 02107118
Marcus & Millichap - San Diego
RH
CA CA 02230580
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Additional Information

Name
Bill Rose
License
CA 01170320
Brokerage
Marcus & Millichap
Brokerage Phone
760-402-3484
Title
Broker
Name
Parker Wada
License
02107118
Brokerage
Marcus & Millichap
Title
Assocaite
Brokerage Address
12544 High Bluff Drive
Name
Reed Hamilton
License
CA 02230580
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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