156-190 S. Rancho Santa Fe Road

156-190 S. Rancho Santa Fe Road, San Marcos, CA 92078

  • For Sale $8,500,000
  • Property Type Retail - Neighborhood Center
  • Property Size 21,352 SF
  • Lot Size 1.81 Acre
  • # of Floors 1
  • Parking Spaces Avail. 93
  • Parking Ratio 4.36 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1975
  • Year Renovated 2020
  • Date Updated May 9, 2023
  • Construction Type Wood and Block
  • Visibility/Traffic Count (VPD) 32,449
  • Website www.intersectioncre.com

Executive Summary

Intersection, as agent for the Seller, is pleased to present qualified investors with the opportunity to purchase for sale 156-190 Rancho Santa Fe Road in San Marcos CA, 92078 (“San Marcos Square” or “Property”), a retail center consisting of two multitenant buildings and one single tenant building, totaling 21,352 square feet. Outstanding retail location on high traffic arterial with direct freeway proximity. Exceptional ingress/egress with five access points and dedicated left turn lane. This neighborhood retail property has been redeveloped and re-leased to a carefully selected experiential tenant mix of national tenants plus, highly rated and sought after local businesses


Investment Highlights

US Bank 5-Year Lease Extension

US Bank executed a 5-year lease extension, extending their term to 2034; thus, increasing the project’s weighted average lease term (“WALT”) to 7.23 years. Additional term from a national credit tenant only further stabilizes the project’s revenue stream, a project which has retained a 100% collection rate trailing 6-months without any delinquencies. Building visibility from Rancho Santa Fe Rd. and traffic counts are believed to be contributing factors to the tenant’s desire to remain long-term at the center.


100% Leased, Experiential Retail Asset

The project was redeveloped in 2019/2020 as an experiential retail cornerstone to the San Marcos community. Reimaged window lines, fascia and infrastructure upgrades created a more welcoming tenant environment. Coupled with cosmetic improvements to the building exterior and parking lot, San Marcos Square has attracteda new base of experiential retailers with a synergistic tenant mix.


EV Parking Opportunity

A regional EV company has expressed interest in installing 10 EV parking stalls at the site. San Marcos Square will be part of the 2nd wave of SoCal procurement, which will likely occur in 3Q-4Q23. The traffic counts, ease of access, and tenant mix makes the center a prime candidate for charging stations, and alongside generating additional revenue, will attract more traffic to the businesses onsite. The proposed revenue sharing model would yield $300-500k annually to the landlord.


Attractive Demographic Growth

With an impressive average unemployment rate (2.7%) and attractive household incomes in the 1-3-mile radius ($94K - $127K), San Marcos is a highly desirable retail submarket. Population densities are strong in those same 1-3-mile radius as well (19K – 100K), with forecast growth in all categories. These growth factors have driven re-investment in retail projects throughout the submarket as gentrification trends continue.

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  • Located on a Signalized intersection
  • Traffic traveling north benefits from a left turn lane directly into the center
  • Private restrooms in each storefront
  • Zoned General Commercial, restaurant, service, retail


Dan McCarthy


Senior Director

(619) 261-3687

Alec Spencer


(858) 354-0577


Alec Spencer

(858) 354-0577


Getting Around

  • Walk Score ®

    81/100 Very Walkable
  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City San Marcos, CA
  • Zip Code 92078
  • Market San Diego

Points of Interest

  • Palomar College

    0.89 miles

  • Buena Creek Road

    1.87 miles

  • San Marcos Civic Center

    2.24 miles

  • Cal State San Marcos

    2.83 miles

  • Civic Center–Vista

    3.66 miles

  • Nordahl

    4.54 miles

  • Vista Transit Center

    4.63 miles

  • Melrose Drive

    6.08 miles

  • College Boulevard

    6.50 miles

  • Guajome AGSEM Ticket Office

    6.51 miles

  • 76

    0.12 miles

  • Rancho Santa Fe Gas

    0.12 miles

  • Arco

    0.30 miles

  • Chevron

    0.69 miles

  • Chevron

    0.99 miles

  • Arco

    1.06 miles

  • Shell

    1.25 miles

  • 7-Eleven

    1.38 miles

  • Chevron

    1.56 miles

  • Mobil

    1.56 miles

  • Student/Visitor Parking Lot #15

    0.75 miles

  • Visitor/Staff Lots #1 & 2

    0.91 miles

  • Staff Lot #12

    0.91 miles

  • Parking Structure

    0.97 miles

  • Visitor/Staff Lot #4

    1.07 miles

  • Student Parking Lot #3B

    1.09 miles

  • Student Parking Lot #3

    1.10 miles

  • Discovery Lot

    1.11 miles

  • Pacific Lot

    1.12 miles

  • Student Parking Lot #5

    1.13 miles

  • Rossis Pizza & Sports Bar

    0.00 miles

  • Philly Frank's Steaks

    0.07 miles

  • McDonald's

    0.07 miles

  • KFC

    0.10 miles

  • Chan's Chinese Restaurant

    0.17 miles

  • Little Caesars

    0.24 miles

  • Taco Bell

    0.34 miles

  • Jack in the Box

    0.34 miles

  • Station Pizza

    0.44 miles

  • Sorrento's Pizza

    0.56 miles

  • Grocery Outlet

    0.10 miles

  • Grand Plaza

    0.68 miles

  • Sprouts Farmers Market

    0.71 miles

  • Ross

    0.73 miles

  • Albertsons

    1.22 miles

  • Smart & Final

    1.30 miles

  • Stater Bros.

    1.56 miles

  • WinCo Foods

    1.61 miles

  • Burlington

    1.65 miles

  • Target

    1.73 miles

Frequently Asked Questions

What is the total square footage of 156-190 S. Rancho Santa Fe Road?

156-190 S. Rancho Santa Fe Road totals 21,352 square feet.

When was this property built?

156-190 S. Rancho Santa Fe Road was built in 1975.

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