For Sale
$12,200,000

13314-13340 Poway RdPoway, CA 92064

High-Yield Shopping Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
Poway Valley Center, a 42,802 square foot shopping center in Poway, CA, presents a compelling investment opportunity. This fee-simple, multi-tenant property boasts 16 units with a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $770,142 and a 6.31% cap rate. Located at the busy intersection of Poway Road and Community Road, the center benefits from high visibility and convenient access to the I-5 freeway. The 164,644 square foot lot includes 115 parking spaces. Recent improvements include a remodeled center and new asphalt. The property features a strong mix of tenants, including several new leases, demonstrating significant leasing momentum and resilience to online competition. The center's location within a rapidly growing area, with nearby new residential developments and a new Trader Joe's, ensures continued strong cash flow, projected to increase by over $261,854 (34%) over a 10-year period. This stabilized investment offers an attractive leveraged IRR of 12.32%, making it an ideal addition to any portfolio. The property is zoned C-Commercial and has an APN of 317-101-15-00. The center receives approximately 330,000 visits annually, with an average dwell time of 45 minutes per visit. This property offers a minimum responsibility investment with excellent trade area and strong CAGR of 3.06%.

Highlights

  • Recently remodeled Poway Valley Center offers zero deferred maintenance and a newly resurfaced parking lot.
  • Excellent retail location adjacent to Walgreens, benefiting from new residential development including the 212-unit Poway Town Center and the 247-unit Poway Commons apartment complex.
  • Strong 3.06% Compound Annual Growth Rate (CAGR).
  • High occupancy and projected cash flow growth exceeding $261,854 (34%) over ten years, offering inflation protection.
  • Significant leasing momentum with recent signings of FC Nails, JC Flooring, Poway Pharmacy, and Dental Sense.
  • Tenant mix of service-based businesses (beauty, restaurant, dental, education) resistant to online competition, driving consistent foot traffic.

Property Details for 13314-13340 Poway Rd

Property type
Lifestyle centers, Power centers
Square Feet
24,802 SF
Units
16

Location Insight

City
Poway
County
San Diego
State
California
Latitude
32.956604410266
Longitude
-117.04178864166
13314-13340 Poway Rd, Poway, California

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13314-13340 Poway Rd
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