For Sale
$6,120,000

35876 Winchester Rd Winchester, CA 92596

8,003 SF, 100% Occupied, 5.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional retail investment property, located at 35876 Winchester Rd, Winchester, CA 92596, offers a compelling opportunity. The 8,003 square foot building, constructed in 2024, sits on a 0.82-acre lot and boasts a 100% occupancy rate with four tenants: Subway, Jamba Juice, UPS, and another tenant. All tenants are under new 10-year leases with options to extend, featuring scheduled rent increases to protect against inflation. The property's Net Operating Income (NOI) is $336,606, resulting in a 5.50% capitalization rate. The asking price is $6,120,000, representing a fee simple ownership (land and building). This is a triple-net (NNN) lease structure, minimizing landlord responsibilities. The property is ideally situated as an outparcel to the newly constructed French Valley Marketplace, a significant shopping center with numerous national credit tenants. The location benefits from high visibility on Winchester Road, a major retail corridor with 28,000 vehicles per day. The strong tenant synergy and proximity to two large apartment complexes, along with a highly affluent demographic profile (average household income exceeding $142,753 within a 3-mile radius and over 159,000 residents within a 5-mile radius), contribute to the property's exceptional investment potential. The property's APN is 480-990-011, and it is zoned for commercial use.

Highlights

  • 100% Occupancy.
  • Four strong, e-commerce resistant tenants with brand new 10-year leases featuring scheduled rent increases and NNN terms.
  • Brand new construction outparcel in the French Valley Marketplace retail corridor, anchored by strong national credit tenants.
  • Strong demographics within a 5-mile radius, including a six-figure average household income (AHHI).

Property Details for 35876 Winchester Rd

Property type
Retail properties, Restaurants
Square Feet
8,003 SF
Year Built
2024
Lot Size (sq. ft)
35,719 SF

Location Insight

City
Winchester
County
Riverside
State
California
Latitude
33.6010958
Longitude
-117.1153792

FAQs

What type of property is this?
Retail property - 8,003 SF, 100% Occupied, 5.5% Cap Rate
Where is the retail property located?
The property is located at 35876 Winchester Rd Winchester, CA.
What is the asking price?
The asking price for this property is $6,120,000.
What are key features of this property?
This property features: 100% Occupancy.; Four strong, e-commerce resistant tenants with brand new 10-year leases featuring scheduled rent increases and NNN terms.; Brand new construction outparcel in the French Valley Marketplace retail corridor, anchored by strong national credit tenants.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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35876 Winchester Rd
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