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
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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