2232 Encinitas Blvd Encinitas, CA 92024-4306

This exceptional commercial property, located at 2232 Encinitas Blvd in Encinitas, CA 92024, presents a unique investment opportunity. The 7,579 square foot building sits on a 0.55-acre lot and boasts a prime location on Encinitas Boulevard, experiencing over 22,000 cars daily. Currently operating as a childcare facility, the property is in pristine condition, requiring no significant renovations. The existing single-tenant NNN lease has 2.5 years remaining, with a 5-year option. The property offers a stabilized investment with a 4.54% cap rate and a Net Operating Income (NOI) of $247,458. The asking price is $5,450,000, translating to a price per square foot of $719.09. The property's high visibility and strong tenant make it an attractive investment for those seeking a low-maintenance, high-return asset. Its strategic location near the intersection of Encinitas Blvd and Rancho Santa Fe Rd/Manchester Ave, across from Harvest Ranch Market, ensures excellent exposure and accessibility. The property's versatility allows for a variety of potential uses, making it an ideal investment for discerning buyers. The building is classified as Class B and is easily accessible from Interstate 5.