Tri-City Crossroads_Property for Sale
Tri-City Crossroads_Property for Sale
3817 Plaza Dr, Oceanside, CA, 92056-4624, US

Tri-City Crossroads

Asset Description

JLL has been exclusively retained by Ownership to present a unique investment opportunity: the acquisition of Tri City Crossroads, a thriving regional retail center in Oceanside, California. Boasting an expansive 83,230 square-foot area, this property is strategically positioned in the affluent and rapidly growing area of Oceanside. Its advantageous location adjacent to SR-78 and College Boulevard offers high visibility and exposure to a daily traffic volume of over 73,000 vehicles via Plaza Dr. and College Blvd.


With a current occupancy rate of 96.8%, Tri City Crossroads showcases a well-curated tenant mix that appeals to the surrounding affluent suburban community. This includes a range of daily needs and fast casual food tenants that synergistically enhance the overall retail experience. Notable co-tenants at the property include TJ Maxx, Goodwill, and Sizzler.


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Attributes

Building area net
7,732 m²
Occupancy
96.8%

Media

Investment Highlights

INTERNET RESISTANT DAILY NEEDS DRAW FROM DIVERSE TENANT MIX

Tri-City Crossroads, offers a variety of dining, retail, and service options, making it a prime destination

for visitors seeking their everyday needs. The shadow anchor, TJ Maxx, attracts both regional and local

customers on a daily basis. The inclusion of non-commodity uses like restaurants, food establishments,

value stores, medical facilities, and service providers as these businesses create a “daily needs draw” that

remains resilient against online competition.


SAN DIEGO COUNTY’S INFILL DEMOGRAPHICS

San Diego County’s combination of a diverse economy, master planned communities, idyllic climate, and

exceptional quality of life establishes it as a highly coveted destination for retailers nationwide. With a

population of over 3.5 million people and an average household income exceeding $136,917, San Diego

County ranks as the 5th most populous county in the US, further highlighting the immense retail potential of

this region.


STRONG ANCHOR CO-TENANCY TO DRIVE TRAFFIC

TJ Maxx (NAP) at Tri City Crossroads is the 3rd ranked TJ Maxx location in the state of California per Placer.ai.

The anchor attracts in almost 1.5 million annual visitors, drawing in customers from surrounding suburbs and

raising the overall attraction to its surrounding tenants. Additionally, the property boasts a lineup of national

and regional co-tenants that cater to the trade area, including Goodwill (NAP) and Sizzler (NAP).


HIGH BARRIERS TO ENTRY IN A SUPPLY CONSTRAINED MARKET

Tri-City Crossroads is located within a supply-constrained and master-planned trade area with limited

available sites for future development. This scarcity of available land creates high barriers to entry, ensuring

the center’s long-term growth and success. Moreover, as an infill and densely populated trade area, it further

enhances the center’s position by creating a high barrier to entry for potential future competitors.


PRIME LOCATION AND PROXIMITY TO KEY INSTITUTIONS

Located in a highly desirable area of north San Diego County, Tri City Crossroads benefits from its close

proximity and easy access to the SR-78 freeway, which sees high traffic volume of 134,512 cars per day.

Additionally, it is strategically located near popular institutions like MiraCosta College, attended by 12,700

students, Tri City Medical Center, and CarMax.


UNLOCKING VALUE AND MAXIMIZING RETURNS THROUGH PARCEL FLEXIBILITY

The property is strategically situated on multiple parcels, providing flexibility for parcel sales, reducing the

investment basis and potentially increasing returns.

Tri-City Crossroads 4_Property for Sale
Tri-City Crossroads 4_Property for Sale

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Tri-City Crossroads (0 Properties)

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Last updated
25 Mar 2024