190-220 W. El Norte Parkway | Escondido,...

190-220 W. El Norte Parkway | Escondido, CA

Investment Opportunity

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Mazi Khoshbin949.456.1188 | [email protected]

Khoshbin Company18071 Fitch | Irvine, CA 92614

Well Located Multi-Tenant Center190-220 W El Norte Parkway | Escondido, CA 92026

Property HighlightsThis is a unique property that includes the combination of value-add potential, excellent tenant mix, and aesthetic appeal

Access to center on both W. El Norte Pkwy and N. Escondido Blvd.

Conveniently located half mile of both Interstate 15 and the 78 Freeway

Center is surrounded by established residential area, businesses, hotels and National Retailers

Excellent upside in below market rents

Stabilized center occupied by six (6) tenants Fast Auto & Payday Loans, a national lending company with over 800 locations nationwide

Several of the other tenants have been long-time occupants in the center for ±20 years

Ample parking, 84 parks

Property Details

Demographics1 Mile 3 Mile 5 Mile City County MSA

Est. Population 30,878 153,531 218,529 153,195 3,345,802 3,345,802

Est. Households 9,581 47,585 68,348 47,425 1,157,440 1,157,440

Avg. HH Income $54,370 $67,275 $75,841 $73,481 $93,083 $93,083

Daytime Employees 8,976 63,098 81,149 65,023 1,467,947 1,467,947

Building GLA ±15,297 SF

Lot Size ±1.61 Acres

Purchase Price $4.5 million

CAP Rate 5.2%

NOI $216,000

Zoning Commercial

Highlights Aerials Site Plan DemographicsAbout Escondido

mailto:mazi%40khoshbin.com?subject=Interested%20in%3A%20190%20W%20El%20Norte

SITE

San PasqualValley

Orfila Vineyards & Winery

San Diego ZooSafari Park

San Dieguito Rive Park

Kat Carson National Park

Center for the Arts

Grape Day Park

Stone Brewing World Bistro & Gardens

University of San Marcos

PalomarCollege

San Marcos

Escondido

Elfin ForestRecreational Reserve 15

15

15

78

78





Well Located Multi-Tenant Center190-220 W El Norte Parkway | Escondido, CA 92026Highlights Aerials Site Plan DemographicsAbout Escondido

https://www.google.com/maps/dir//190+W+El+Norte+Pkwy,+Escondido,+CA+92026/@33.1397336,-117.091989,95m/data=!3m1!1e3!4m16!1m7!3m6!1s0x80dbf4b02752c4e5:0x849f48e062920b4d!2s190+W+El+Norte+Pkwy,+Escondido,+CA+92026!3b1!8m2!3d33.1395606!4d-117.0912229!4m7!1m0!1m5!1m1!1s0x80dbf4b02752c4e5:0x849f48e062920b4d!2m2!1d-117.0912229!2d33.1395606


N. Broadw

ay

Centre C

ity Pkwy

W. El Norte Parkway

W. El Norte Parkway

16,000 VPD

25,000 VPD

Half mile of both Interstate 15 and the 78 Freeway

SITE

EscondidoHigh

School








N. Broadw

ay

W. El Norte Parkway

26,000 VPD

16,000 VPD

Centre C

ity Parkway

N. Esco

ndido B

lvd.

SITE

Click on any aerial for driving directions

Cypress CourtApartments

Sienna HillsApartments

Atria North Escondido

Eagle Rock Apartments

El Norte Broadway Center

Plaza Verde Apartments

La FavoritaMarket








W. El Norte Parkway26,000 VPD

N. Esco

ndido B

lvd.

Fast Auto & Payday Loan

CJM

BS

Ph

arm

acie

s

Tha

t M

exic

ant

Plac

e

Mar

iot

Gar

cia

Vaca

nt North Bar Lopez Market

Building GLA ±15,297 SFLot Size ±1.61 AcresParking 84 Parks







San Diego Zoo Safari Park

Queen Califia’s Magical Circle






Located in the Great San Diego MSA, Escondido is thriving urban environment conveniently located in the middle of everything. Escondido lies about 18 miles inland, 100 miles south of Los Angeles, and 30 miles northeast of San Diego.

San Diego was recently the only U.S. city to be featured in National Geographic’s acclaimed documentary series “World’s Smart Cities”. In recent years Escondido was named by Money Magazine as the Best Place in the West in which to retire and, at the other end of the spectrum, was named a Kid-Friendly City for our broad range of youth programs. Ladies Home Journal also ranked Escondido number eight among the Top Ten Cities for Government.

Escondido is quickly emerging as a regional economic leader in the forefront of job development and new industries. The City’s largest employers include Palomar Medical Center, the School and College Districts, and the City.

The centerpiece of the City’s redevelopment efforts is the California Center for the Arts, Escondido which attracts more than 270,000 visitors from San Diego and surrounding regions each year. The Center is conveniently located in a charming downtown area, adjacent to historic Grape Day Park. In addition, The City offers two lakes, several parks, a sports center, golf courses, restaurants, wineries, shopping centers, comprehensive healthcare and the nearby San Diego Zoo Safari Park and the Queen Califia’s Magical Circle, a sculpture garden in Kit Carson Park donated by late internationally renowned artist Niki de Saint Phalle. Finally, the successful brewery and winery industry is also making Escondido a tourist destination.








Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 1 of 1©2017, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 33.1396/-117.0912RS1

190 W El Norte Pkwy1 mi radius 3 mi radius 5 mi radius

Escondido, CA 92026

PO

PU

LATI

ON

2017 Estimated Population 30,878 153,531 218,529

2022 Projected Population 32,500 161,441 229,463

2010 Census Population 29,070 143,705 203,463


Projected Annual Growth 2017 to 2022 1.1% 1.0% 1.0%

Historical Annual Growth 2000 to 2017 0.6% 0.9% 1.2%

2017 Median Age 32.7 34 35

HO

US

EH

OLD

S

2017 Estimated Households 9,581 47,585 68,348

2022 Projected Households 10,079 50,055 71,834

2010 Census Households 9,163 45,318 64,777




RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 52.7% 57.7% 60.3%

2017 Estimated Black or African American 3.3% 2.9% 2.7%

2017 Estimated Asian or Pacific Islander 7.1% 6.9% 7.7%

2017 Estimated American Indian or Native Alaskan 1.0% 1.0% 0.9%

2017 Estimated Other Races 36.0% 31.5% 28.4%

2017 Estimated Hispanic 58.2% 51.4% 46.3%

INC

OM

E 2017 Estimated Average Household Income $54,370 $67,275 $75,841

2017 Estimated Median Household Income $49,001 $59,648 $67,216

2017 Estimated Per Capita Income $17,037 $20,991 $23,843

ED

UC

ATI

ON

( AG

E 2

5+)

2017 Estimated Elementary (Grade Level 0 to 8) 19.7% 15.0% 13.2%

2017 Estimated Some High School (Grade Level 9 to 11) 13.0% 10.3% 9.1%

2017 Estimated High School Graduate 22.6% 20.9% 19.7%

2017 Estimated Some College 19.7% 22.2% 21.7%

2017 Estimated Associates Degree Only 10.0% 10.1% 10.6%

2017 Estimated Bachelors Degree Only 10.7% 14.9% 17.3%

2017 Estimated Graduate Degree 4.4% 6.6% 8.4%

BU

SIN

ES

S 2017 Estimated Total Businesses 885 5,969 7,793

2017 Estimated Total Employees 8,976 63,098 81,149

2017 Estimated Employee Population per Business 10.1 10.6 10.4

2017 Estimated Residential Population per Business 34.9 25.7 28.0


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SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using In/Out MSA

Lat/Lon: 33.1396/-117.0912RS1

190 W El Norte PkwyEscondido San Diego

SanDiego-Carls

badEscondido, CA 92026

PO

PU

LATI

ON

2017 Estimated Population 153,195 3,345,802 3,345,802

2022 Projected Population 160,982 3,514,907 3,514,907

2010 Census Population 143,930 3,095,313 3,095,313




2017 Median Age 33.6 35 35

HO

US

EH

OLD

S

2017 Estimated Households 47,425 1,157,440 1,157,440

2022 Projected Households 49,858 1,218,218 1,218,218

2010 Census Households 45,366 1,086,865 1,086,865




RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 58.8% 61.9% 61.9%






INC

OM




ED

UC

ATI

ON

( AG

E 2

5+)








BU

SIN

ES

S 2017 Estimated Total Businesses 6,033 135,941 135,941

2017 Estimated Total Employees 65,023 1,467,947 1,467,947




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Lat/Lon: 33.1396/-117.0912RS1


Escondido, CA 92026

PO

PU

LATI

ON







2017 Median Age 32.7 34 35

HO

US

EH

OLD

S







RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 52.7% 57.7% 60.3%






INC

OM




ED

UC

ATI

ON

( AG

E 2

5+)








BU

SIN

ES






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Lat/Lon: 33.1396/-117.0912RS1


Escondido, CA 92026P

OP

ULA

TIO

N2017 Estimated Population 30,878 153,531 218,529






2017 Median Age 32.7 34 35

HO

US

EH

OLD

S







RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 52.7% 57.7% 60.3%






INC

OM




ED

UC

ATI

ON

( AG

E 2

5+)








BU

SIN

ES






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Lat/Lon: 33.1396/-117.0912RS1


Escondido, CA 92026

PO

PU

LATI

ON







2017 Median Age 32.7 34 35

HO

US

EH

OLD

S







RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 52.7% 57.7% 60.3%






INC

OM




ED

UC

ATI

ON

( AG

E 2

5+)








BU

SIN

ES






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SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using In/Out MSA

Lat/Lon: 33.1396/-117.0912RS1

190 W El Norte PkwyEscondido San Diego

SanDiego-Carls

badEscondido, CA 92026

PO

PU

LATI

ON

2017 Estimated Population 153,195 3,345,802 3,345,802

2022 Projected Population 160,982 3,514,907 3,514,907





2017 Median Age 33.6 35 35

HO

US

EH

OLD

S

2017 Estimated Households 47,425 1,157,440 1,157,440

2022 Projected Households 49,858 1,218,218 1,218,218

2010 Census Households 45,366 1,086,865 1,086,865




RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 58.8% 61.9% 61.9%






INC

OM




ED

UC

ATI

ON

( AG

E 2

5+)








BU

SIN

ES

S 2017 Estimated Total Businesses 6,033 135,941 135,941

2017 Estimated Total Employees 65,023 1,467,947 1,467,947



1 Mile 3 Mile 5 Mile City County MSA



190-220 W. El Norte Parkway | Escondido,...

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