Rare North San Diego County NNN Ground Lease Investment Offering – Known as the ‘heart of North San Diego County’, Escondido is just 30 miles northeast of downtown San Diego and just 20 minutes east from San Diego beaches. Escondido is also home to the World Famous San Diego Zoo Safari Park and the flagship location for the Stone Brewing Company.
Iconic Globally Recognized Tenant – Investment Grade Corporate Lease Guarantee – The subject property is leased by McDonald’s Corporation (NYSE: MCD), the world’s leading global food service retailer, with over 36,000 locations in over 100 countries. McDonald’s has Standard & Poor’s investment grade credit rating of BBB+.
Proximity to Multiple Major San Diego Freeways Providing Access to Beaches and Downtown San Diego – McDonald’s is located just 2 miles from the Interstate 15 exit/entrance ramp (192,000 vehicles per day) and California Highway 78 (83,000 vehicles per day) providing quick access to downtown San Diego and nearby beaches.
52 Year Successful Operating History – Long Term Absolute NNN Ground Lease – New McDonald’s Prototype – The tenant has been successfully operating at this location since 1964. The lease has 16+ years remaining in the primary term and features 10% rent increases every 5 years. There are rare 2% annual increases in the options periods. In 2014, the building was updated to the latest McDonald’s corporate prototype reflecting McDonald’s strong commitment to this site.
Signalized Hard Corner Location – Excellent Traffic Counts – Dense Retail Corridor – The subject property is ideally located at the signalized hard corner intersection of E. Valley Pkwy and N. Ash St, which sees combined traffic counts of 54,000+ cars per day. There are over 144,000 people within a 3-mile radius of the subject property which is located within the core retail business district of Escondido. Neighboring tenants include Home Depot, Walmart, Rally’s, 99 Cent Store, Chipotle, Albertsons, Office Depot, Wells Fargo, Dollar Tree, and many more.