755 N. Quince Street, Escondido, CA 92025
Retail | 4.81% CAP | 7,536 SqFt
Marketing description
Located on N. Quince Street in central Escondido, this ± 7,536 SF freestanding retail building sits on a ± 0.19-acre parcel directly off the Highway 78 / Centre City Parkway interchange — a high-visibility corridor with heavy daytime traffic and walk-up exposure.
The building is configured as multi-tenant retail across three suites, currently generating $101,010 in annual base rent plus an additional $35,670 in NNN reimbursements, for total gross scheduled income of approximately $136,680 per year.
Base rents escalate 3% annually, lifting gross scheduled income to roughly $139,710 in Year 2 and $142,832 in Year 3. The building was constructed in 1986 and is zoned for commercial retail use, with surface parking at 2.6 / 1,000 SF.
Investment highlights
Existing tenancy delivers immediate in-place cash flow, with upside through lease re-negotiation and re-tenanting of below-market and rent-free space
The property is available for purchase only in conjunction with the simultaneous purchase of the onsite operating business; both assets are held under common ownership
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