1815 E Valley Pky - Storefront FOR SALE


Escondido, CA 92027- Midway
$5,151,250 USD
818-823-0832
1815 E Valley Pky, Escondido, CA for Sale
$5,151,250 USD
Storefront - FOR SALE
1/25
null | 6% Cap Rate

1815 E Valley Pky
Escondido, CA 92027
Midway


HIGHLIGHTS

  • Prime Visibility & Frontage – 307 feet along East Valley Parkway, benefiting from ±25,904 vehicles per day (VPD).
  • Hardy Tenant Mix – Well-diversified with 23% QSR, 17% Medical, 21% Food, and 17% Services, appealing to a broad consumer base.
  • Low Area Retail Vacancy – San Diego County retail vacancy is a low 4%, and Escondido strip centers are only 5.6%, indicating tight supply.
  • Strong Demographics & Spending Power – Over 183,577 residents within a 5-mile radius. An average household income $116,363.
  • Excellent Accessibility and Pilon Sign Two curb cuts for smooth ingress/egress, along with a prominent pylon sign directly on East Valley Parkway.
  • Future Population Growth – New housing and senior living developments along East Valley Parkway are expected to increase local demand.

OVERVIEW

The Ovaness Rostamian Group of Marcus & Millichap is pleased to present 1815 East Valley Parkway, Escondido, CA—a 15,309-square-foot daily needs shopping center located in one of North San Diego County’s most accessible and demographically robust retail corridors. This fully leased property offers stable, diversified income with meaningful upside potential through below-market rents and strong tenant retention. Situated along East Valley Parkway, Escondido’s primary east–west commercial thoroughfare, the center features 307 feet of frontage and benefits from ±25,904 vehicles per day (VPD), drawing consistent traffic from both commuters and neighborhood shoppers. The property sits one block from major regional shopping centers—including Valley Plaza, Vineyard Square, and Escondido Village—anchored by high-volume national retailers like Walmart, Home Depot, and Albertsons. Its strong tenant mix includes QSR/dining (29%), professional services (34%), and medical (6%), with nine tenants averaging 1,701 square feet per space. In-place rents average $1.85 PSF/month, which is approximately 30% below market rents currently ranging from $2.00–$2.57 PSF/month. The offering includes 47 dedicated parking stalls, ensuring ample capacity for tenant and customer needs. The surrounding trade area boasts over 183,577 residents within a five-mile radius, supported by a median household income of $116,363. The city of Escondido has identified East Valley Parkway as a key growth corridor, with new multifamily and senior housing projects under development nearby that are expected to increase daytime foot traffic and long-term retail demand. The city is also actively pursuing business-friendly policies through its 2023–2028 Economic Development Strategy, including investment in infrastructure, streamlined permitting, and targeted industry support in healthcare, biotech, and AgTech. Escondido benefits from a strong and diverse employment base anchored by Palomar Medical Center, Stone Brewing, Dr. Bronner’s, and the Escondido Union School District, among others. The property also offers excellent regional connectivity, with direct access to Interstate 78 and close proximity to the Escondido Transit Center, linking the site to San Diego, Riverside, and Los Angeles Counties via light rail and rapid bus service. With a low retail vacancy rate of 4.0% in San Diego County—and only 5.6% in Escondido strip centers—1815 East Valley Parkway presents investors with a rare opportunity to acquire a high-visibility, income-generating retail asset with below-market rents and immediate value-add potential in one of North County’s most established trade areas.

FOR SALE DETAILS

PRICE

$5,151,250 USD

PRICE/SF

$515 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkway Villa Center | 6% CAP Rate w/ Upside

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

CG

APN/PARCEL ID

231-060-74

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

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