1010 San Marcos Blvd - Restaurant FOR SALE


San Marcos, CA 92078
$2,650,000 USD
858-544-6808
1010 San Marcos Blvd, San Marcos, CA for Sale
$2,650,000 USD
Restaurant - FOR SALE
1/3
null | 5.25% Cap Rate

1010 San Marcos Blvd
San Marcos, CA 92078


HIGHLIGHTS

  • Corporate NNN Ground Lease - Limited LL Responsibility
  • Adjacent to Planned 202+ Unit Mixed-Use Dev by Lennar
  • Tenant Recently Exercised Option - 5+ Years
  • High Traffic Location - 47,000+ ADT - Near CSU San Marcos
  • Strong Demographics - Avg HH Income $124k+ (3 Mi)
  • Large 0.92 Acre Parcel

OVERVIEW

REvolve Growth Partners has been exclusively retained to offer for sale Buffalo Wild Wings in San Marcos, CA. Located on the highly traveled San Marcos Blvd (47,000+ ADT and major east/west arterial road from San Marcos to Carlsbad). BWW sits at the forefront of Lennar’s new 202-unit mixed use development. This neighboring development will draw additional traffic to an already busy area through the inclusion of complementary outdoor dining, and a walkable community with expansive public spaces to gather. BWW is situated in one of North San Diego County’s most rapidly growing cities, with a young and affluent population (AHHI $124,000 - 3 Mi). The property is close to Highway 78 and the 16,000+ students attending the growing California State University San Marcos. BWW has been a tenant at this location since its construction in 2016. Tenant executed an original 10 year NNN and recently exercised its first option, indicating long term commitment to the location. There are 3 remaining 5 year options. An investor benefits from a 10% increase in rent every five years. The below market lease provides simultaneously provides the opportunity for long term appreciation. In 2024, gross sales for the store were in excess of $3.6M!

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$487 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buffalo Wild Wings

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

MU-1

APN/PARCEL ID

219-200-46

ASK ABOUT THIS PROPERTY

Ryan LitrichREvolve Growth PartnersMore Info
858-544-6808

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Ryan LitrichREvolve Growth PartnersMore Info
858-544-6808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.