340 W Grand Ave | Escondido, CA 92025
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340 W Grand Ave
Escondido, CA 92025
Kalaveras - 10 Year Abs. NNN Sale-Leaseback · Retail Property For Sale
Investment 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
- Strong Lease Guaranty with Experienced Operator
- Extensively restaurant remodel in Q4 2024, providing modern infrastructure that enhances long-term tenant retention and property value stability
- Absolute NNN Lease with Zero Landlord Responsibilities with scheduled 10% Increases every 5 years
- Prime Location with Strong Traffic Counts
- Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,960 SF
Building Class
B
Year Built/Renovated
1972/2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.33 AC
Zoning
S-P (Specific Plan) - specific plan
Parking
22 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
100’ on W. Grand Avenue
Amenities
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 229-411-25 | Improvements Assessment | $510,000 |
| Land Assessment | $1,530,000 | Total Assessment | $2,040,000 |
Property Taxes
Parcel Number
229-411-25
Land Assessment
$1,530,000
Improvements Assessment
$510,000
Total Assessment
$2,040,000
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