620 W Mission Ave | Escondido, CA 92025
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620 W Mission Ave
Escondido, CA 92025
Lowe's Anchored Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare Opportunity to Acquire a Southern California Lowe’s Asset in a Highly Sought-After San Diego Metropolitan Submarket (Escondido)
- Mostly Passive Ownership - Lowe's and Panda Ground Lease Guarantees Comprise 95% of the Gross Leasable Area
- Anchored by Lowe’s (NYSE: LOW) on a Long-Term Ground Lease – Lowe’s has Occupied the Subject Property for Nearly 20 Years
- Lowe's $0.65/Square Foot Rent is Substantially Below Market
- High Visibility Freeway Frontage Due to Location Near the Intersection of the 78 and 15 Freeways
- Includes Fee Simple Ownership of a Three Tenant Strip Retail Building Anchored by San Diego Gas and ElectricSubject Property Includes a Separately Par
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
179,514 SF
Building Class
B
Year Built
2007
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.43
Lot Size
9.69 AC
Zoning
C-6
Parking
675 Spaces (3.76 Spaces per 1,000 SF Leased)
Frontage
429’ on W Mission Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $14,790,000 | |
| Land Assessment | $18,156,000 | Total Assessment | $32,946,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$18,156,000
Improvements Assessment
$14,790,000
Total Assessment
$32,946,000
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