125 N Twin Oaks Valley Rd | San Marcos, CA 92069
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125 N Twin Oaks Valley Rd
San Marcos, CA 92069
Building 4 - LA Fitness · Retail Property For Sale
Investment Highlights
- Strong Anchor Tenant With Term
- Affluent Submarket
- Strong Retail Fundamentals
- Quality Construction Physical Plant
- National/Regional Internet Resistant Lineup
Executive Summary
Newmark Retail Capital Markets is pleased to present the opportunity to acquire a leasehold interest in highly improved Civic Center Plaza, a 60,552 square foot LA Fitness anchored retail center in the city of San Marcos, California. The center is 100% occupied and anchored by LA Fitness, which recently signed a 15-year lease extension, extending the tenant on a long-term net lease until 2037. Completed in 2007 to institutional standards, the center houses a solid lineup of national shop tenants including Fed Ex, Subway, Robek’s Juice, PIzzaNova and Ryan Bros Coffee.
The center is located just north of the Twin Oaks Valley Road interchange with Highway 78 at the highly trafficked intersection of Twin Oaks Valley Road (36,000 CPD) and San Marcos Boulevard (25,000 CPD). Food tenants occupy 70% of the shop space and greatly benefit from the robust daytime population within the submarket. San Marcos City Hall, California State University San Marcos (16,000 students), Palomar College(13,000 students), and five office buildings are all within one mile of the center.
The center is located just north of the Twin Oaks Valley Road interchange with Highway 78 at the highly trafficked intersection of Twin Oaks Valley Road (36,000 CPD) and San Marcos Boulevard (25,000 CPD). Food tenants occupy 70% of the shop space and greatly benefit from the robust daytime population within the submarket. San Marcos City Hall, California State University San Marcos (16,000 students), Palomar College(13,000 students), and five office buildings are all within one mile of the center.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
60,522 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2007
Price
$12,242,000
Price Per SF
$202
Cap Rate
8%
NOI
$979,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
5.94 AC
Zoning
SPA - Specific Plan Area, SPA
Heart of the City, HOC
Parking
100 Spaces (1.65 Spaces per 1,000 SF Leased)
Frontage
131 FT on N Twin Oaks Valley Rd
Amenities
- Signage
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