For Sale
$3,999,000

10326 Meadow Glen WayEscondido, CA 92026

Thriving Bar, Deli, Restaurant; High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Escondido property offers a unique investment opportunity encompassing a bustling bar, a thriving convenience store/deli, and a fast-casual restaurant. All three businesses operate within a single, 3,248 square-foot building situated on a 0.47-acre lot, boasting 2,200 square feet of outdoor space and 21 parking spaces. The property, built in 1987 and extensively renovated in 2023, features a brand-new, $275,000 professional kitchen. Currently operating at 100% occupancy, the complex generates a substantial pro-forma NOI of $288,500, representing a 7.21% pro-forma cap rate. The asking price is $3,999,000, translating to $1,231.22 per square foot. The land value alone is $120 per square foot. The property is zoned C-36 and benefits from a captive audience within a 1600+ home enclave, with minimal competition and proximity to Boulder Oaks Golf Course. The businesses have experienced remarkable growth, with a 35% annual sales increase over the past two years. Included are Type 21 and Type 41 liquor licenses. The property also includes a graded pad suitable for a drive-thru coffee container or similar addition. This turnkey operation presents a rare chance to acquire a multi-faceted business with significant growth potential in a desirable Escondido location. The sale includes all fixtures, fittings, and equipment, and the seller is open to selling the businesses individually.

Highlights

  • $3,999,000 asking price for a multi-tenant retail property in Escondido, CA.
  • The sale includes two established businesses and the real estate, offering a packaged deal or individual business sales.
  • The businesses have shown a 35% annual sales increase over the past two years.
  • Features a new, $275,000 professional kitchen.
  • The property sits on a 0.42-acre lot with a 3,248 sq ft building and a 2,200 sq ft outdoor area.

Property Details for 10326 Meadow Glen Way

Property type
Retail properties, Restaurants
Square Feet
3,248 SF
Class
C
Year Built/Renovated
1987/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
20,473 SF
Units
3

Location Insight

City
Escondido
County
San Diego
State
California
Latitude
33.2159752
Longitude
-117.1093887
10326 Meadow Glen Way, Escondido, California

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10326 Meadow Glen Way
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