Overview

Description

The subject offering is a new construction, two-tenant building that includes a drive-thru El Pollo Loco on a new 15-year lease. The second suite is currently vacant and available for an owner/occupant, or alternatively, the Seller will guarantee the rent for up to 1 year from closing.

The property benefits from excellent visibility along the high-traffic Euclid Avenue corridor, as well as being situated directly across from a busy public transit station with trolley and bus service. Also surrounding the property is a high-volume Food 4 Less anchored center, as well as a brand new 65,000 square foot County health facility opening Fall 2023.

The property is located in a densely populated submarket of San Diego and continues to see a significant amount of new multi-family, medical office, and cultural developments in the immediate area.

Highlights

• New Construction Two-Tenant Building
• 15-Year El Pollo Loco Lease with Rent Bumps
• Prominent Positioning Across from Busy Trolley & Bus Transit Station
• Dense Infill Location with High Barriers to Entry
• Surrounded by Significant New Developments-- Multi-Family Residential & 65,000 SF County Health Facility
• Located in the Commercial & Cultural Hub for the Community

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