Commercial Property — 2005 S Escondido Blvd, Escondido, CA
$840,000
2005 S Escondido Blvd, Escondido, CA
About this property
DO NOT DISTURB TENANT. Drive-by inspections only. Interior tours will be scheduled by appointment for qualified buyers with serious interest. Please contact the listing agent. Please contact the agent directly for the Offering Memorandum. Landmark Multifamily & Development is pleased to present 2005 S Escondido Blvd, a freestanding commercial building situated on a gated 12,706 SF parcel along one of Escondido's most established commercial corridors. The 1,252 SF building offers a unique opportunity for both owner-users and investors seeking a highly visible location with long-term upside and/or development potential. The property is currently leased under a triple-net (NNN) lease to a long-standing tenant that has occupied the property for approximately 15 years. The current lease expires at the end of 2026, and ownership has indicated that the tenant has expressed interest in negotiating a new five-year lease should a future owner elect to continue the tenancy. This provides an attractive combination of near-term income with future flexibility for an investor or owner-user.
Property details
Location
2005 S Escondido Blvd • Escondido, CA 92025
Listed by
Tanner Watkins · Landmark Multifamily and Development