Navy Federal Credit Union – World’s Largest Credit Union – $90 Billion in Assets – The subject property is leased to Navy Federal Credit Union. Navy Federal Credit Union is the world’s largest credit union with more than $90 billion in assets, more than 7.8 million members, 316 branches, and a workforce of over 17,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard active duty, veterans, civilian and contractor personnel and their families.
Recent 10-Year Lease Renewal – Annual Rent Increases – 26-Year Operating History – Navy Federal Credit Union has operated at this location since 1992 (26 years) reflecting their success at this location. The tenant just renewed their lease for another 10 years, extending the term through May of 2028, reaffirming their commitment to the site. The triple-net (NNN) lease features 3% annual rent increases throughout the primary term and (2) 5-year option periods, providing an investor with a growing passive income stream.
Hard Corner Signalized Intersection (36,000+ CPD) – Excellent Visibility – Heavily Parked (18.2:1,000 SF) – The Property is located at the signalized hard corner intersection of Avenida De La Plata and College Blvd, offering excellent visibility to traffic counts of 36,000 cars per day. Additionally, the property offers outstanding parking, with 124 spaces (18.2:1,000 SF).
Strong Demographics – Quick Access to Interstate 5, Hwy 78 & 76 – Minutes to Beach Cities – There are over 155,000 people with an average household income over $86,000 within a 5-mile radius of the property. Navy Federal Credit Union is located just 11 miles from Interstate 5 and minutes from Highways 78 & 76 for quick access to downtown San Diego and nearby beach cities.
Located at Entrance to Rancho Del Oro Tech Park – Dense Commercial & Residential – New Development – The property is ideally situated within Oceanside’s Rancho Del Oro Technology Park, which is known for its heavy population of industrial, bio-tech and manufacturing companies. The area serves as home to some of the industry’s biggest names such as Genentech, FedEx, Gilead, Hydranautics, Coca-Cola, Titleist, and many more. The property is surrounded by dense residential development in the nearby Rancho Del Oro community, with nearly
250 townhomes and over 70 single family residences nearing completion, as well as new commercial/industrial projects underway adjacent to the subject property.
Located in the City of Oceanside – Centrally Located Between San Diego & Los Angeles Counties – Home of Camp Pendleton, Largest Marine Corps Training Base on the West Coast – Strong Customer Base – Perfectly situated between metropolitan San Diego and Los Angeles, Oceanside is centrally located in the heart of Southern California. North Oceanside is the home of Camp Pendleton, the largest U.S. Marine Corps Amphibious Training Base on the West Coast, and the largest employer in North San Diego County for more than 60 years. Camp Pendleton is home to more than 38,000 military personnel but sees a daytime population of 70,000 military and civilian personnel. The facility’s Marines, Sailors and their families rely on the surrounding communities for retail goods and services not available on Base, creating an outstanding need for employment, housing and resources in neighboring Oceanside and other nearby cities.