5617 Paseo del Norte
Carlsbad, CA 92008
Paseo Carlsbad · Retail Property For Sale · 43,740 SF Total

* Coastal SoCal Retail Asset – Paseo Carlsbad is a meticulously maintained, ±44,722 SF retail center, ±93% leased to a strong lineup of retail, restaurant, health, and service tenants. Benefiting from strong tenancy and complementary surrounding retail, the property delivers stable in-place income with compelling long-term growth potential

* Strong NOI Growth – Through the lease-up of vacant space, reletting below-market suites to market, and scheduled contractual increases, the NOI is projected to increase by more than ±$637,000 (±42%) over the anticipated hold period, reflecting a 3.6% CAGR

* Recent Long-Term Lease Momentum – Anytime Fitness, French Florist, and Swim West USA have all signed new long-term NNN leases, underscoring the center’s strong tenant demand and highly desirable retail location

* Easily Accessible Location – The offering is located along Paseo Del Norte (±8,900 CPD), immediately accessible via Palomar Airport Rd (±52,480 CPD) to the Interstate 5 (±218,800 CPD), the primary north/south throughfare in the state
* Regional Retail Location – Paseo Carlsbad occupies a premier "100% location" within Carlsbad: immediately adjacent to Simon's Carlsbad Premium Outlets and Car Country Carlsbad, 0.7 miles from one of Costco's top-performing district locations, and less than two miles from Legoland, which draws over 2 million visitors annually