LEASEHOLD OPPORTUNITIES FOR YOU TO CONSIDER

$3,900,000

Description

Leasehold Investment: 320 Sycamore Ave Vista, CA 92083 10,575 SF 100% Leased Retail Building ($378.25/SF) 6.23% Cap Rate $3,999,999

INVESTMENT HIGHLIGHTS

LEASEHOLD INVESTMENT
FREE STANDING PANDA EXPRESS DRIVE-THRU
NATIONAL TENANTS, MAKING THIS INVESTMENT A VALUE
EXCELLENT VISIBILITY, THEREFORE A TROPHY LOCATION
UPSIDE POTENTIAL, BECAUSE OF TWO VACANCIES, SO YOU CAN ADD TO THE NOI
PRIME LOCATION, EVEN THE U.S. ARMY IS HERE

EXECUTIVE SUMMARY

SYCAMORE TERRACE, a Leasehold Investment with upside potential. This high-profile commercial retail shopping center is located at 320 Sycamore Avenue, Vista, CA. There are two buildings totaling 19,008 sf., and therefore Panda Express occupies a free standing 2,448 square foot building with a drive-through. The remaining tenant roster includes Submarina, Chito’s Taco Shop, Pacific Dental and the US Army. However, there are two vacancies which provide future potential upside. The tenants are all on NNN leases with exception to the US Army, (8%).

The property is situated on the highly trafficked area of Sycamore Avenue & Lobelia Drive / University Drive. The property is adjacent to LA Fitness and across from North County Square which includes Target, Walmart, Aldi and many others. The property is surrounded by a multitude of national and regional retail shops, a mixture of industrial, office services, restaurants, and amenities. This site’s location shows household incomes averaging $114,864 in a 3 mile radius. The property is also conveniently positioned within close proximity to the 78, 5, 91 and 15 freeways.

PROPERTY FACTS
Sale Type Investment NNN
Sale Condition Ground Lease (Leasehold)
Property Type Retail
Property Subtype Freestanding
Building Size 10,575 SF
Building Class B
Year Built 2006
Price $3,999,999
Price Per SF $378.25

Cap Rate 6.23%
NOI $249,000
Percent Leased 100%
Tenancy Multiple
Building Height
1 Story Building FAR
0.17 Lot Size
1.43 AC Zoning
60 Parking
49 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage 550’ on Sycamore Ave