29640 Rancho California RdTemecula, CA 92591

  • Retail properties
  • 5,362 SF
For Sale
$5,265,000 View listing

Property Details for 29640 Rancho California Rd

Year built
1989
Construction
WOOD
Lot size
0.81 AC
Property size (Sq ft)
5,362 SF
Zone code
C1CP
Property type
Retail properties
Property subtype
Banks
APN
921-320-045
APU
921320045

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,166,331
    6.5%
    $1,999,690
    7%
    $1,856,855
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,370,351
    Geo Method
    $4,755,903
  • Alternative Use

    Use
    Valuation
    Residential
    $1,686,813
    Hospitality
    $1,545,112
    Educational
    $1,285,515
    Medical
    $1,329,726
    Retail
    $1,999,690
29640 Rancho California Rd, Temecula, California

Location Insight

City
Temecula
County
Riverside
State
California
Latitude
33.505
Longitude
-117.146
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$31,233
$636,724
$2,164,438
$2,801,162
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