32909-32937 Temecula Pky S - Storefront FOR SALE


Temecula, CA 92592
$9,890,000 USD
949-350-5431
32909-32937 Temecula Pky S, Temecula, CA for Sale
$9,890,000 USD
Storefront - FOR SALE
1/7
null | 6.89% Cap Rate

32909-32937 Temecula Pky S
Temecula, CA 92592


HIGHLIGHTS

  • Shadow-Anchored by Smart & Final and Ralphs, Providing for Consistent Daily Traffic
  • Stable, Internet-Resistant Tenant Mix with Excellent Synergy, 100% Occupied by Service-Based Tenants That Are Resistant to E-Commerce
  • Strategically Positioned Along Temecula Parkway, a Major Retail Thoroughfare with Traffic Counts Exceeding 90,000 CPD at the Nearby Intersection

OVERVIEW

--Shadow-Anchored by Smart & Final and Ralphs, Providing for Consistent Daily Traffic --Stable, Internet-Resistant Tenant Mix with Excellent Synergy, 100% Occupied by Service-Based Tenants That Are Resistant to E-Commerce Disruption and Provide Essential, Daily-Use Services --Strategically Positioned Along Temecula Parkway, a Major Retail Thoroughfare with Traffic Counts Exceeding 90,000 Cars Per Day at the Nearby Intersection --Favorable Going-In Cap Rate of 6.89% | Excellent Financing Available with 69% LTV and 3-Year Interest-Only Terms, Resulting in a Projected Cash-on-Cash Return of 7.75% in Year 1 and 9.41% in 2028 --Prime Location in Temecula’s Growth Corridor-- -Temecula Parkway Is the Area’s Primary Retail Artery, Featuring National Retailers Including Home Depot, Walmart, Ross, Marshalls, ALDI, PetSmart, Smart & Final, Ralphs, and Many More -Located at the Gateway to Temecula Valley Wine Country, a Premier Southern California Destination for Wine Tourism (Dubbed “The Napa Valley of Southern California”) -Just 3 Miles from Pechanga Resort Casino, Southern California’s Largest Casino & Resort Property at Over 200,000 SF with ±3 Million Annual Visitors -Over 8,000 Homes are Located in the Immediate Area | Directly Across from a Brand New, 164-Home Development by Woodside (Construction Grading is Currently in Progress) --Strong Real Estate Fundamentals-- -High Quality, 2007 Construction with Modern Landscaping and Parking Areas | Abundant Parking with ±340 Spaces Within the Shopping Center -Excellent Demographics: Average Household Income Exceeds $135,000 Within 5 Miles, Well Above the Inland Empire Average, Which Provides a Strong Customer Base -Temecula is a Premier Southern California Submarket Known for Its Affluence, Quality of Life, and Limited Commercial Inventory -Temecula Offers One of the Region’s Most Stable Retail Environments With Sustained Tenant Demand and Low Vacancy Rates

FOR SALE DETAILS

PRICE

$9,890,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

6.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smart & Final/Ralphs Shadow-Anchored Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

343

LAND DETAILS

CROSS STREETS

Butterfield Stage Rd

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

SP-10

APN/PARCEL ID

960-030-042

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.