Parkway Villa Center 1815 E Valley Pky 10,009 SF Retail Building Escondido, CA 92027 £3,763,233 (£375.98/SF) 5.62% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Acquire Parkway Villa Center, a fully leased, vibrant retail strip showcasing a carefully curated mix of local businesses.
- Significant upside potential exists by adjusting rents to market rates, which can drive higher net operating income and increased property value.
- Premier placement near the 78 Freeway and Interstate 15, offering quick access to residential areas, wineries, breweries, and Downtown San Diego.
- Located in a prime essential retail hub alongside major national anchors like Walmart Supercenter, Albertsons, CVS, and The Home Depot.
EXECUTIVE SUMMARY
This inviting center is in the center of it all just one block away from Valley Plaza, Vineyard Square Shopping Center, and Escondido Village. With a collection of well-known retailers like The Home Depot and Walmart Supercenter and grocery stores like Albertsons, consumers flock to this area daily. Parkway Villa Center is close to the 78 Freeway and Interstate 15 for those traveling to and from nearby residential communities, wineries and breweries, and Downtown San Diego. The area boasts excellent demographics, with over 183,421 residents living within a 5-mile radius and earning an average household income of over $102,000. These residents accounted for an impressive consumer spending of over $2.1 billion.
Situated within the greater San Diego market, Parkway Villa Center leverages the economic strength, consumer demand, and growth opportunities of this thriving metropolitan area. San Diego’s economy is supported by three different sectors: innovation, military, and tourism. San Diego has over 140,000 active duty and civilian military employees. More than 80 research institutes, from Scripps Research Institute to Salk Institute for Biological Studies, are located in San Diego. This cluster of research in the Golden Triangle has created one of the strongest life science cores in the United States. The tourism industry had an economic impact of roughly $22 billion for the 2024 fiscal year.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Ding Tea
- Accommodation and Food Services
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99,999 SF
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$9.99
-
Lorem Ipsum
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Jan 0000
- Fiesta Mexicana Bakery
- Accommodation and Food Services
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99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Traditions span far and wide, from recipes to music, hairstyles, and family, La Michoacana is a simple way to keep traditions alive. By embracing both cultures and staying connected with their roots, to Pasar La Paleta, you are not only keeping the tradition alive by ‘passing down’ a paleta with your loved ones - you are letting them into the world of Mexican-inspired traditions. La Michoacana helps you create and reminisce your family's best childhood moments in the comfort of your own home, park, sidewalk (or anywhere really) with the people you love! At La Michoacana they produce high-quality and innovative paletas, bowls and cups, spreading Felicidad throughout thousands of retail stores in the United States. Their paletas have real ice cream and/or inclusions like fruit, nuts, and chocolate that you can see and taste in every paleta, bowls, or cup.
- Valley Physical Therapy
- Health Care and Social Assistance
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99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Physical Therapy & Hand Centers is located in San Diego, California. This organization primarily operates in the Physiotherapist business / industry within the Health Services sector. This organization has been operating for approximately 37 years.
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- Accommodation and Food Services
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99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Wingstop is a high-growth franchisor and operator of restaurants that specialize in cooked-to-order, handsauced and tossed chicken wings. Founded in 1994 in Garland, Texas, they pioneered the concept of wings as a “center-of-the-plate” item for all meal occasions. They offer numerous bold, distinctive and crave able flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides made fresh daily. Their menu is highly customizable for different dining occasions, and they believe it delivers a compelling value proposition for groups, families, and individuals.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Ding Tea | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Fiesta Mexicana Bakery | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Valley Physical Therapy | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
ABOUT ESCONDIDO
Locals and tourists spill into Escondido’s retailers on the way to the San Diego Safari Park via Interstate 15; State Route 78; or the light rail Sprinter, which connects Escondido with other North County cities Oceanside, San Marcos, and Vista. Those same consumers are also drawn to the local wineries here and Stone Brewery, one of the largest craft brewers in the United States.
Housing will likely continue to be added in downtown Escondido following a general plan update. That will place residents beside retail, providing a built-in consumer base. The former Palomar Hospital is being replaced by more than 500 housing units, a retail farmers market, and co-working space. That should help create thriving interplay between housing and retail consumption.
There are more than 65,000 households within 5 miles of downtown Escondido and more than 75,000 daytime employees. Although median household incomes are below San Diego County’s, housing costs are notably lower here, which provides more potential purchasing power.
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Antonio's Mexican Food | Mexican | £ | 2 min walk |
| Black Rock Coffee Bar | - | - | 3 min walk |
| Burger King | - | - | 4 min walk |
| Pizza Hut | - | - | 4 min walk |
| Taco Bell | Fast Food | - | 5 min walk |
| Dragon Express | Chinese | - | 5 min walk |
| Express Pizza 'N Wings | Pizza | - | 6 min walk |
| Del Taco | - | - | 6 min walk |
| Popeyes | - | - | 9 min walk |
| Starbucks | Cafe | £ | 10 min walk |
RETAIL |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 3 min walk |
| Ross Dress for Less | Other Retail | 5 min walk |
| Walgreens | Drug Store | 8 min walk |
| Grocery Outlet | Supermarket | 9 min walk |
| The UPS Store | Business/Copy/Postal Services | 9 min walk |
| Albertsons Floral | Supermarket | 10 min walk |
| GameStop | Game Store | 10 min walk |
| Wells Fargo Bank | Bank | 11 min walk |
| Supercuts | Salon/Barber/Spa | 10 min walk |
| 7-Eleven | Convenience Market | 12 min walk |
HOTELS |
|
|---|---|
| SpringHill Suites |
107 rooms
7 min drive
|
| Quality Inn |
82 rooms
6 min drive
|
| Motel 6 |
93 rooms
7 min drive
|
| Rodeway Inn |
24 rooms
7 min drive
|
| Comfort Inn |
92 rooms
8 min drive
|
| Best Western |
100 rooms
9 min drive
|
| Holiday Inn Express |
84 rooms
9 min drive
|
| Fairfield Inn |
116 rooms
13 min drive
|
| Hampton by Hilton |
69 rooms
13 min drive
|
| Extended Stay America Premier Suites |
122 rooms
14 min drive
|
PROPERTY TAXES
| Parcel Number | 231-060-74 | Improvements Assessment | £1,536,936 |
| Land Assessment | £2,074,864 | Total Assessment | £3,611,800 |
