|
6/29/20
|
The Appliance Outlet inked a five-year lease for 13.4k sf of retail space in Oceanside. The home appliance retailer will use the space to open its second Southern California location.
Due to the pandemic, the grand opening was delayed but now the retailer has been approved as an essential business and the store is anticipated to be open for business with social distancing guidelines in place in early July. The new location will better enable The Appliance Outlet to serve its growing customer base in San Diego area markets including Vista, San Marcos, Escondido, Carlsbad and Oceanside.
The space is located at 1527 Mission Ave within Mission Promenade, a 109k sf retail center that has been vacant for more than five years. With this new lease, the center is now 77% occupied, including anchor tenants El Super and DD’s Discounts.
Mission Promenade is well-located off Mission Blvd (the main thoroughfare leading into downtown Oceanside) and I-5 across from Ocean’s Eleven Casino. There is a population of more than 71,000 people within a three-mile radius of the property.
SharpLine Commercial Partners represented the ownership in the transaction. The lease value was not given out.
|
|
Return to the Archive page
|
|
|
|
|