PROPERTY OVERVIEW
Rent. $240Kyr, MG (inclusive of RET; R&M, ins., utilities separate)
Master Lease Expiration. 10/31/31
Walgreens Premises. ±14,820 SF + drive-thru
Signage. Building + shared monument
Year Built. 2006
Intersection. Signalized
Parking. ± 61
Access. FI/FO on Lobelia Dr; Extended RI/RO on Sycamore Ave
Zoning. Specific Plan Implementation “SPI” (North County Square Specific Plan – Planning Area 5c) – Permitted Use Info (p. 194)
Prohibited Uses. Retail pharmacy, fast food restaurant.
Flood Zone. X
LOCATION OVERVIEW
~35 mi north of San Diego, just east of Oceanside.
Destination and neighborhood retail trade area. Nearby tenants include Target, Walmart Supercenter, LA Fitness, Michael’s, Old Navy, Starbucks & Aldi
2-mi population density of ~45K
Avg HH income of ~$125K
SUBLEASE TERMS
SUGGESTED RENT* $240,000/yr, modified gross (inclusive of RET; R&M, insurance, utilities separate)
TERM 10/31/31 (Co-terminus with master lease)
DELIVERY “As-Is”
OFFERS EVALUATED AS RECEIVED
*Price + terms, along with all offers, are subject to approval of Walgreen Co.’s Real Estate Committee