For Sale
$2,953,000

535 Quince StEscondido, CA 92025

High-yield NNN lease, corporate guaranteed.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 10,980 square foot auto shop strategically located at 535 N Quince St, Escondido, CA 92025, within San Diego County. The property, encompassing 1.46 acres, is currently operating as a Gerber Collision and Caliber Collision location under a 15-year absolute NNN sale-leaseback agreement. The lease features built-in rent bumps of 8% every five years, providing consistent and predictable income growth. The current net operating income (NOI) stands at $157,986, yielding a compelling 5.35% cap rate. The asking price is $2,953,000. This sale-leaseback offers significant advantages, including a corporate guarantee, minimizing tenant risk. The property is suitable for 1031 exchange transactions. This is an exceptional opportunity for investors seeking a stable, high-yield investment with a long-term lease and built-in appreciation. The property is available individually or as part of a larger portfolio.

Highlights

  • 10,980 SF auto shop on 1.46 acres in Escondido, CA.
  • NNN sale-leaseback with Gerber Collision & Caliber Collision; 15-year term.
  • 8% rent increases every five years.
  • $157,986 NOI, 5.35% cap rate, $2,953,000 asking price.
  • Corporate guarantee and 1031 exchange suitability.

Property Details for 535 Quince St

Property type
Retail properties, Retail space
Square Feet
10,980 SF
Lot Size (sq. ft)
63,598 SF

Location Insight

City
Escondido
County
San Diego
State
California
Latitude
33.123222201272
Longitude
-117.09137049875
535 Quince St, Escondido, California

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535 Quince St
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