Lee & Associates, in association with NNN Investment Group, is pleased to present a rare fee simple owner-user and redevelopment opportunity located at 1201 S Coast Highway in Oceanside, California. The property consists of a 16,730 square foot freestanding retail building situated on a 1.44-acre parcel, originally constructed in 1998 as a Rite Aid with a drive-thru component. Positioned on a signalized hard corner at Coast Highway and Oceanside Boulevard, the asset offers exceptional visibility, multiple points of ingress and egress, and prominent street frontage along one of North County San Diego’s primary coastal corridors.

The property is currently vacant, providing flexibility for an owner-user, repositioning, or redevelopment strategy. Its large parcel size and existing improvements allow for a wide range of retail or mixed-use applications, supported by strong traffic counts approaching 40,000 vehicles per day at the intersection and convenient access to Interstate 5 and regional highways. The site also benefits from proximity to the Coast Highway Sprinter Station, enhancing accessibility and consistent foot traffic within the immediate trade area.

Oceanside is one of Southern California’s fastest-growing coastal markets, driven by a diverse economy, strong tourism, and significant public and private investment along the Coast Highway corridor. The surrounding area features dense and affluent demographics, with over 73,000 residents within three miles and average household incomes exceeding $123,000, along with a daytime population surpassing 100,000. The corridor is undergoing a multi-billion dollar transformation with new multifamily, hospitality, and mixed-use developments, further solidifying the long-term growth potential and positioning of this prime coastal asset.