535 Quince StEscondido, CA 92025

Property Details for 535 Quince St

Year built

1971

Lot size

1.46 AC

Property size (Sq ft)

10,980 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Retail properties

Property subtype

Auto shops

APN

232-091-05-00

APU

2320910500

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,592,279

  6.5%

  $3,315,950

  7%

  $3,079,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,556,220

  Geo Method

  $9,738,869

• Alternative Use

  Use

  Valuation

  Residential

  $2,797,128

  Hospitality

  $2,562,154

  Educational

  $2,131,682

  Medical

  $2,204,994

  Retail

  $3,315,950

Location Insight

City

Escondido

County

San Diego

State

California

Latitude

33.123

Longitude

-117.092

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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