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Kalaveras - 10 Year Abs. NNN Sale-Leaseback 340 W Grand Ave 3,960 SF Retail Building Escondido, CA 92025 $4,431,712 CAD ($1,119.12 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Featuring a new 10-year lease to be executed at close of escrow, ensuring a hands-off opportunity with an income stream for many years to com
- Strong Lease Guaranty with Experienced Operator
- Extensively restaurant remodel in Q4 2024, providing modern infrastructure that enhances long-term tenant retention and property value stability
- Absolute NNN Lease with Zero Landlord Responsibilities with scheduled 10% Increases every 5 years
- Prime Location with Strong Traffic Counts
- Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,960 SF
Building Class
B
Year Built/Renovated
1972/2024
Price
$4,431,712 CAD
Price Per SF
$1,119.12 CAD
Cap Rate
7%
NOI
$310,220 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
S-P (Specific Plan) - specific plan
Parking
22 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
100’ on W. Grand Avenue
AMENITIES
- Pylon Sign
- Restaurant
- Signage
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 229-411-25 | Improvements Assessment | $715,918 CAD |
| Land Assessment | $2,147,753 CAD | Total Assessment | $2,863,670 CAD |
PROPERTY TAXES
Parcel Number
229-411-25
Land Assessment
$2,147,753 CAD
Improvements Assessment
$715,918 CAD
Total Assessment
$2,863,670 CAD
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Kalaveras - 10 Year Abs. NNN Sale-Leaseback | 340 W Grand Ave
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