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7660 El Camino Real - La Costa Plaza - Gelson's, Carlsbad, CA

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7660 El Camino Real - La Costa Plaza - Gelson's

Carlsbad, CA 92009-7901 - Carlsbad Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2003
Building Size:50,689 SF Land Area:6.4 AC (278,784 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:4.00 %
Parking:Free Surface spaces are available; Ratio of 4.95/1,000 SF

Sale Notes:
* Offering Price: Best Offer
* Long-Term NNN Lease Gelson' s Markets is on a long-term, absolute NNN lease with approximately 19 years remaining (February 2035 expiration)

* Annual Rental Increases Fixed two percent (2%) annual rental increases, and two (2) ten (10) year options to extend

* Established Grocer Operator With its first store in Burbank in 1951, Gelson' s Markets is a long-time staple in Southern California with 29 full-service specialty grocery stores

* In 2014, Arden Group, Inc., the parent of Gelson' s Markets, was acquired by TPG, one of the world' s largest private equity firms, with nearly $70 billion of assets under management. TPG plans continued expansion of the Gelson' s brand, and has grown the number of stores from 17 to 29 under its ownership
* Affluent Coastal Community Carlsbad is one of the most affluent, desirable seaside communities in San Diego County and home to the world-class Omni La Costa Resort and Spa which is adjacent to the property

Phil D Voorhees
(949) 725-8521

John Read
(949) 725-8606

James Slusher
(949) 725-8507

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