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Carvana 559 N Hale Ave

5,739 SF 4-Star Retail Building Escondido, CA 92025 $14,377,451 CAD ($2,505 CAD/SF) 6.75% Cap Rate

Investment Highlights

  • Long-Term Triple-Net (NNN) Lease
  • Attractive Rental Increases
  • Strong Corporate Guarantee

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Carvana located at 559 N Hale Ave, Escondido, CA 92025. The site consists of roughly 5,739 rentable square feet of building space on an estimated 1.84-acre parcel of land. This Carvana is subject to an Absolute Triple Net (NNN) lease, which has 17.4 years of term remaining. The current annual rent is $743,214 and has scheduled increases of lesser of 9.61% or 1.25x 5-yr cpi every 5 yrs.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
5,739 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$14,377,451 CAD
Price Per SF
$2,505 CAD
Cap Rate
6.75%
NOI
$970,478 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.84 AC
Zoning
I-7
Frontage
40 ft on West Washington Avenue

Nearby Major Retailers

Olive Garden Italian Rstrnt
Chili's Grill & Bar
California Coast Credit Union Website
Sunbelt Rentals
Farmer Boys
Starbucks
Denny's
Dutch Bros Coffee
Smart & Final
Alberto's Mexican Food

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
232-061-25
Land Assessment
$7,397,920 CAD
Improvements Assessment
$7,037,352 CAD
Total Assessment
$14,435,272 CAD
  • Listing ID: 34225681

  • Date on Market: 2024-12-17

  • Last Updated:

  • Address: 559 N Hale Ave, Escondido, CA 92025

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