For Sale
$5,265,000

29640 Rancho California RdTemecula, CA 92591

Fee Simple Ownership, Absolute NNN Lease, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the chance to acquire fee simple ownership (land and building) of a Chase Bank property in Temecula, CA. The property boasts a 5,362 square foot building on a 0.81-acre lot, featuring a drive-thru ATM and ample parking (27 spaces). The property is situated at 29640 Rancho California Rd, Temecula, CA 92591, within the high-traffic Temecula Town Center, attracting over 4.8 million visitors annually. This prime location benefits from excellent visibility and accessibility, with proximity to Interstate 15 on/off ramps. The property is zoned Community Commercial (CC). The Chase Bank tenant, a corporate guaranteed, investment-grade tenant (S&P: A+), holds an absolute NNN lease with a remaining term of 4.9 years, followed by two 5-year renewal options, commencing October 1, 1994, and expiring October 1, 2029. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $289,548 and a 5.50% cap rate. The asking price is $5,265,000. The property's success is further supported by the strong demographics of the 5-mile trade area, boasting an average household income exceeding $137,000 and a significant resident and employee population. Built in 1989, this property offers a stable, low-maintenance investment with significant long-term potential. The property's APN is 921-320-045.

Highlights

  • Fee simple ownership of a Chase Bank (S&P: A+) property in Temecula, CA, with a 30+ year operating history, a recent 5-year lease extension, and two 5-year options remaining.
  • Absolute NNN lease; zero landlord responsibilities.
  • Prime Temecula location in a dense retail corridor near Target and Vons, with 4.8M+ annual visitors and nearby residential complexes.
  • High-visibility location on Rancho California Rd, with excellent I-15 access and a drive-thru ATM.
  • Strong demographics within a 5-mile radius, including an average household income exceeding $137,000.

Property Details for 29640 Rancho California Rd

Property type
Retail properties, Banks
Square Feet
5,362 SF
Year Built
1989
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Temecula
County
Riverside
State
California
Latitude
33.5049859
Longitude
-117.1460596
29640 Rancho California Rd, Temecula, California

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29640 Rancho California Rd
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