1217 San Elijo Rd S - Retail FOR SALE


San Marcos, CA 92078
$5,995,000 USD
619-980-1997
1217 San Elijo Rd S, San Marcos, CA for Sale
$5,995,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

1217 San Elijo Rd S
San Marcos, CA 92078


HIGHLIGHTS

  • Located at Main & Main
  • Master Planned Community
  • Affluent Customer Base
  • Ideally Positioned Along Popular Corridor

OVERVIEW

Newmark Pacific presents Parkview, a newly constructed, two-story retail asset totaling 7,850 square feet on 0.73 acres, delivered in 2022 and currently 100% leased to three complementary, service oriented tenants: a veterinarian, a dance company, and a chiropractor. The property is strategically positioned within the affluent, master-planned community of San Elijo Hills in San Marcos, California-steps from San Elijo Hills Town Center, Marketwalk, Albertsons, and surrounded by community anchors including San Elijo Park, the San Elijo Fountain, San Elijo Middle School and San Elijo Elementary School. Construction of the San Elijo Hills community began in the early 2000s and was designed to provide a captive, all-encompassing experience for the residents. The community is home to more than 3,500 homes as well as three of the largest schools in the entire school district as growth has been robust. The affluence of San Elijo is significant as average household incomes exceed $235,000 per year while the average price of a home is $1,395,424. The asset's modern construction, fully stabilized rent roll, and highly visible, walkable location within an affluent, supply constrained master-planned community create a defensive income profile with potential for long-term rent growth. Medical and instructional/service-based tenants benefit from entrenched, in-person demand, while proximity to community amenities and schools ensures steady customer inflow throughout the week. Visit the deal page:  https://platform.reverecre.com/project/64c73820-7bac-4239-a61c-1734220ef13f

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$764 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkview

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

223-630-28

ASK ABOUT THIS PROPERTY

Rob IppolitoNewmarkMore Info
619-980-1997

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Rob IppolitoNewmarkMore Info
619-980-1997

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