For Sale
$11,105,000

32909 Temecula PkwyTemecula, CA 92592

High-yield, 100% occupied retail center

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 30,057 square foot, 100% occupied retail storefront located at 32909 Temecula Pkwy, Temecula, CA 92592. Built in 2007 on a 2.83-acre lot, this property boasts a strong NOI of $666,321 and a compelling 6.00% cap rate, with an asking price of $11,105,000. The center features a diverse tenant mix of retail, service, and fitness businesses, creating a stable income stream. Many tenants operate under NNN leases, minimizing expenses for the owner. Strategically positioned at a signalized intersection of Temecula Parkway and Butterfield Stage Road, the property enjoys high visibility with over 98,000 vehicles passing daily. Its location on a major thoroughfare between Interstate 15 and Temecula's expanding wine region ensures convenient access and high traffic. The property benefits from proximity to Redhawk Towne Center, a large power center, and numerous apartment complexes, providing a substantial consumer base. The surrounding area is affluent, with average household incomes exceeding $155,000 within a 3-mile radius. The 5-mile trade area encompasses over 113,000 residents and 38,000 daytime employees. Furthermore, the property's proximity to the Pechenga Resort & Casino and Temecula's thriving tourism sector (3.2 million visitors in 2022) adds to its investment appeal. This is a rare opportunity to acquire a high-performing retail asset in a rapidly growing market.

Highlights

  • High-traffic location at the signalized intersection of Temecula Parkway and Butterfield Stage Road (98,000+ VPD).
  • Excellent access via nearby Margarita Road (27,700 VPD) and Wolf Valley Road (16,200 VPD) on/off ramps.
  • Less than 3 miles from the Pechenga Resort & Casino (1,110 rooms, over $1.1B visitor spending in 2019).
  • Strong demographics: 5-mile trade area with 113,000+ residents and 38,000 daytime employees.
  • Affluent demographics: Average household income exceeding $155,000 within a 3-mile radius.
  • Proximity to multiple apartment complexes (e.g., The Vineyard at Paseo Del Sol, 288 units; Madera Vista, 110 units; Temecula Creek Villas, 180 units), providing a substantial consumer base.

Property Details for 32909 Temecula Pkwy

Property type
Retail properties, Retail space
Square Feet
30,057 SF
Year Built
2007
Lot Size (sq. ft)
123,275 SF

Location Insight

City
Temecula
County
Riverside
State
California
Latitude
33.483825
Longitude
-117.081728
32909 Temecula Pkwy, Temecula, California

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32909 Temecula Pkwy
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