Listed by Encore Real Estate Investment Services
Unpriced
Entitled Drive-Thru & Endcap Opportunity
Details
APN 166-150-80-00
Property Type Retail
Sub Type Bank, QSR/Fast Food
Square Footage 5,300
Units 1
Tenancy Multi
Lease Type Net
Year Built 2005
Acreage 0.990
Parking Spaces 57 spaces
Parking per 1,000 SqFt 10.75
Ground Lease No
Rare Highway 78 Dual Drive-Thru Retail Asset with Existing EV Income and Significant Lease-Up Upside
Investment highlights
- Premier Vista, CA Freeway Location – Strategically positioned directly off Highway 78 at the signalized intersection of S Melrose Drive & Hacienda Drive, benefiting from approximately 194,000+ vehicles per day combined traffic exposure and immediate off-ramp access.
- In-Place Income Providing Immediate Cash Flow Stability – Unlike a fully vacant acquisition, the property benefits from an existing lease with IONNA generating $9,500/month, helping offset carrying costs, taxes, insurance, and operating expenses while the next owner executes the lease-up strategy.
- Rare Dual Drive-Thru / Pickup Opportunity – Features 5,300 SF of vacancy including a 3,000 SF former bank with existing drive-thru and a 2,300 SF endcap with approved pickup window, a highly scarce entitlement set in Southern California.
- Significant Value-Add Upside – Existing vacancy allows an investor to lease premium drive-thru spaces at market rents estimated around $33 PSF, creating a clear path to meaningful NOI growth.
- Institutional Retail & Employment Corridor – Surrounded by major national brands including Starbucks, Chick-fil-A, Lowe’s, Food 4 Less, Petco, Panera, Raising Cane’s, and adjacent to the Vista Court Complex, driving consistent daily traffic.
- Dense Affluent Demographics / Irreplaceable Basis – Serving 76,000+ residents within 2 miles, 142,000+ within 3 miles, with average household incomes exceeding $129,000+, offering a rare opportunity to acquire freeway retail with income and upside in North San Diego County.
Listing Contacts
Listed by Encore Real Estate Investment Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
