Description

Grand & Kalmia Center is a fully leased 15,806-square-foot retail shopping center ideally positioned at 201 East Grand Avenue in Escondido, California. Constructed in 1980 on a 0.24-acre parcel with SP (HD) zoning, this neighborhood‐serving asset offers 100% occupancy and immediate cash flow, supported by strong street visibility and convenient access to surrounding residential and commercial districts.

Offered at $3,950,000 ($250 per square foot), the center currently generates an in‐place net operating income of $233,826, reflecting a 5.92% cap rate. With in-place rents totaling $318,600 versus market potential of $456,945, there is meaningful upside to reach a stabilized NOI of $372,171 and a stabilized cap rate of 9.42%. The property’s current gross rent multiplier of 12.4x can be improved to 8.64x through targeted lease adjustments and proactive management.

Located along a primary retail corridor in Escondido’s thriving submarket, Grand & Kalmia Center benefits from high daytime population counts, solid trade area demographics and proximity to major thoroughfares. The property’s established tenancy and service-oriented mix ensure stable occupancy and strong consumer demand, positioning the investment for both immediate returns and long-term value appreciation.

This offering presents a rare opportunity to acquire a well-located, fully stabilized retail asset with significant rent growth potential. Qualified investors are invited to contact the listing brokers for detailed underwriting materials and to schedule a site tour.