Kalaveras

340 W Grand Ave, Escondido, CA 92025

Kalaveras
1 / 8
For Sale

Pricing

Financials
Price
$3,200,000
Cap Rate
7.00%
NOI
$224,000

Property Details

Specs
Building Size
±14,191 SF
Year Built
1972
Land Area
±0.09 AC (3,960 SF)
Property Type
Retail
Year Renovated
2024

Description

  • LONG TERM SALE-LEASEBACK INVESTMENT

    Featuring a new 10-year lease to be executed at close of escrow, ensuring a hands-off opportunity with an income stream for many years to come.

  • ABSOLUTE NNN LEASE STRUCTURE

    A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs, and maintenance.

  • STRONG LEASE GUARANTY WITH EXPERIENCED OPERATOR

    The lease is guaranteed by twelve restaurant locations operated by the same operator. Tenant is a well-established and successful operator with 20 years of restaurant experience.

  • HEDGE AGAINST INFLATION

    10% scheduled rental increases every five years provide for hedge against inflation and consistent rent growth.

  • PRIME LOCATION WITH STRONG TRAFFIC COUNTS

    Situated along W Grand Ave, benefiting from strong traffic exposure, with combined ±27,662 ADT at the corner of W Grand Ave and S Escondido Blvd.

  • RECENT COMPLETE PROPERTY REMODEL

    Extensively restaurant remodel in Q4 2024, providing modern infrastructure that enhances long-term tenant retention and property value stability.

  • FULL-SERVICE LIQUOR & EVENT LICENSED

    Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations, along with permits that support private events and off-site catering.

  • ROBUST SALES & HEALTHY RENT-TO-SALES RATIO

    Kalaveras restaurants have demonstrated strong sales performance and maintain healthy rent-to-sales ratios, reflecting a stable business model.

Renato Lorja
Renato LorjaExecutive Vice President
Arbi Goce
Arbi GoceExecutive Vice President

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