SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, corporate guaranteed, single tenant office building investment property located in Carlsbad, California (San Diego). The tenant, TrumpCard Holdings LLC, has over 4 years remaining on its lease with 2 (3-year) options to extend. The lease features 3% annual rental increases throughout the initial term and Fair Market Value (FMV) increases during each option period, providing a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Located just off Interstate 5 (217K+ VPD) in the heart of the Carlsbad submarket, the asset is ideally positioned along Palomar Airport Road (55,500 VPD). Situated near the Palomar Airport Business Park, the property offers direct access to a hub of corporate offices, professional services, and supporting amenities. Within a one-mile radius of the property, there is a significant concentration of office and industrial space, including over $4.5M+ SF of industrial and office space, highlighted by Callaway Golf’s 200K+ SF corporate office and other tenants spanning medical, industrial, manufacturing, and advanced R&D uses. Situated in Northern San Diego County, Carlsbad has evolved into a premier destination for technology, life sciences, and logistics firms. The surrounding area is a growing business environment characterized by high-end corporate neighbors and immediate access to the Palomar Airport Road corridor. As of early 2026, the North San Diego County office market continues to show resilience, with NNN asking rents in the submarket averaging approximately $43.05 per square foot, reflecting the enduring demand for well-located, high-quality corporate space in coastal San Diego County. The San Diego office market is recognized as one of Southern California’s premier corporate markets, with over 201,000 residents and 122,000 employees within the 5-mile trade area and average household incomes of $228,061 / $203,580 / $182,607 within 1, 3, and 5-miles, respectively.

Carlsbad, CA - Trumpcard Office Building

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Investment Offering

Carlsbad, CA - Trumpcard Office Building

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Matthew Mousavi

Patrick Luther, CCIM