Newmark Retail Capital Markets is pleased to present the opportunity to acquire a leasehold interest in highly improved Civic Center Plaza, a 60,552 square foot LA Fitness anchored retail center in the city of San Marcos, California. The center is 98.8% occupied and anchored by LA Fitness, which recently signed a 15-year lease extension, extending the tenant on a long-term net lease until 2037. Completed in 2007 to institutional standards, the center houses a solid lineup of national shop tenants including FedEx, Subway, Robek’s Juice, PIzzaNova and Ryan Bros Coffee.
The center is located just north of the Twin Oaks Valley Road interchange with Highway 78 at the highly trafficked intersection of Twin Oaks Valley Road (36,000 CPD) and San Marcos Boulevard (25,000 CPD). Food tenants occupy 70% of the shop space and greatly benefit from the robust daytime population within the submarket. San Marcos City Hall, California State University San Marcos (16,000 students), Palomar College (13,000 students), and five office buildings are all within one mile of the center.