Duong Investment Group

Lowe’s Anchored Center

600-644 W. Mission Avenue, Escondido, CA 92025

Closing Notes

  • All Cash
  • Due Diligence of Less Than 30 Days

Property Description

Land Area: ±11.04 Acres
Gross Leasable Area: ±179,514 SF
Year Built: 2007

Investment Highlights

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Rare Opportunity to Acquire a Southern California Lowe’s Asset in a Highly Sought-After San Diego Metropolitan Submarket (Escondido)

Mostly Passive Ownership – Lowe’s and Panda Lease Guarantees on Over 95% of the Gross Leasable Area

High Visibility Freeway Frontage Due to Location Near the Intersection of the 78 and 15 Freeways


High Identity Southern California Shopping Center

  • Anchored by Lowe’s (NYSE: LOW) on a Long-Term Ground Lease – Lowe’s has Occupied the Subject Property for Nearly 20 Years
  • Subject Property Includes a Separately Parceled, Single Tenant Panda Express with a Drive-Thru
  • Includes Fee Simple Ownership of a Three Tenant Strip Retail Building Anchored by San Diego Gas and Electric
    • SDGE will be Getting New Signage Installed, Which Bodes Well for a Lease Renewal
  • High Quality, 2007 Construction with Excellent Curb Appeal – The Subject Property is Surrounded by Other Strong Retailers Such as CarMax, Denny’s, Jack in the Box and Motel 6, and O’Reilly Auto Parts

Excellent Surrounding Area & Solid, Investment Grade Fundamentals

  • The Subject Property is Bounded by Signalized Intersections, Allowing for Excellent Exposure as well as Promoting Easy Ingress & Egress for Patrons
  • Dense, Infill Location with Average Household Income Over $100,000 in a 5 Mile Radius | San Diego County’s Population Exceeds 3.3 Million
  • This Location is Highly Advantageous with Nearby Attractions, Including Escondido Promenade, Westfield North County Mall, and San Diego Safari Park, Drawing Around 3.5 Million Visitors Annually
  • Over Fifty Percent of the Housing in a Five Mile Radius is Owner Occupied

Broker of Record: Adam Christofferson, License: CA 00530854

Contact Information

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
License: CA 01438643

Joseph R. Berkson
Senior Managing Director Investments
(949) 419-3232
License: CA 01031951

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