240 E GRAND AVE Escondido, CA 92026

PRIME VALUE-ADD RETAIL CENTER IN DOWNTOWN ESCONDIDO REVITALIZATION ZONE | Discover an exceptional investment opportunity at The Patio Shops, a fully occupied 5,330 SF retail center strategically located in Downtown Escondido’s $15M Grand Avenue Vision Project Zone. This thriving property delivers immediate cash flow while presenting a clear path to increased income and value with current rents averaging $1.57/SF/month—36.4% below the market average of $2.47/SF/month. Positioned at the heart of the Grand Avenue revitalization, this asset stands to benefit directly from extensive streetscape improvements, widened sidewalks, expanded outdoor dining areas, and enhanced pedestrian zones, all driving foot traffic and boosting retail demand. The Patio Shops is surrounded by transformational projects, including the 625 E. Grand Ave Luxury Condos, which are drawing higher-income residents to the area and further fueling demand for premium retail spaces. The property’s 12 established tenants, spanning boutique retail and service sectors, provide stable in-place cash flow while offering substantial upside potential through strategic rent realignment and tenant optimization. Comparable properties within the revitalization zone are achieving rents as high as $2.65/SF/month, highlighting