13314-13340 Poway RdPoway, CA 92064
- Retail properties
- 24,802 SF
Property Details for 13314-13340 Poway Rd
- Property size (Sq ft)
- 24,802 SF
- Property type
- Retail properties
- Property subtype
- Lifestyle centers
Description
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%.
Location Insight
- City
- Poway
- County
- San Diego
- State
- California
- Latitude
- 32.9566
- Longitude
- -117.042
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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