340 W Grand Ave - Restaurant FOR SALE
Escondido, CA 92025 |
340 W Grand Ave
Escondido, CA 92025
HIGHLIGHTS
- Featuring a new 10-year lease to be executed at close of escrow, ensuring a hands-off opportunity with an income stream for many years to com
- Absolute NNN Lease with Zero Landlord Responsibilities with scheduled 10% Increases every 5 years
- Strong Lease Guaranty with Experienced Operator
- Prime Location with Strong Traffic Counts
- Extensively restaurant remodel in Q4 2024, providing modern infrastructure that enhances long-term tenant retention and property value stability
- Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Kalaveras - 10 Year Abs. NNN Sale-Leaseback
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bar, Fast Food, Freestanding
TOTAL BUILDING SIZE
3960
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
22
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
229-411-25
