237 & 243 E. Valley Parkway – Freestanding Restaurant & Retail Owner-User with Income / Value-Add Investment Opportunity

237 & 243 E. Valley Parkway, Escondido, CA 92025

  • Exceptional opportunity to acquire a 75% leased, two-tenant, freestanding retail/restaurant property with 80 feet of frontage on E. Valley Parkway
  • Existing NOI of $53,070 (based on new tax basis) provides income flexibility for owner-users and investors
  • Vacancy consists of 2,300 SF with restaurant mechanicals in place and a large 1,300 SF enclosed patio
  • Offered at an incredibly low basis of $156/SF relative to recent comparables
  • High visibility in the heart of downtown in close proximity to Escondido Arts Center, Civic Center, Kaiser Hospital and a variety of other restaurants, including Plan 9 Alehouse, Swami’s Cafe
  • Price
    $1,450,000
  • Size
    9,300 SF
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