2010 E Valley Pky 20 100 pi² Commerce de détail Immeuble Escondido, CA 92027 13 626 391 $ CAD (677,93 $ CAD/pi²) 4,76% Taux de capitalisation

Retail Insite is pleased to present to investors an opportunity to acquire a freestanding retail/medical building leased on an Absolute NNN basis to Sterling Medical Associates, Inc. (Sterling), a successful healthcare services provider that was awarded the governmental contract to build and operate a VA Hospital on site. Signing a brand new 11 year lease, Sterling has expended substantial capital into the project, transforming the building into a first-class medical hospital. In addition to the Base Term, Sterling has two (2) 11-year Options to Renew.
As an Absolute NNN Lease, this investment affords an investor zero Landlord Responsibilities while providing ease of ownership and stable cash flow. Showcasing the tenant’s desire for this location, they’ve agreed to annual increases of three percent (3%), enabling compounding rental growth and yield throughout ownership of the asset.
Located at 2010 E Valley Parkway along the main commercial arterial in Escondido, California, the site boasts excellent visibility along the corridor and full ingress and egress to the signalized intersection. Situated amongst dense residential neighborhoods and daily needs retail projects, the VA Hospital is well-positioned to service the greater Escondido community. As a submarket in North San Diego County, Escondido boasts the 4th largest population at 155,000 residents and is located within close proximity to both Interstate 15 and Highway 78