32909 Temecula PkwyTemecula, CA 92592

Property Details for 32909 Temecula Pkwy

Year built

2007

Construction

WOOD

Lot size

1.70 AC

Property size (Sq ft)

30,042 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

960-030-042

APU

960030042

Description

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.

Location Insight

City

Temecula

County

Riverside

State

California

Latitude

33.4838

Longitude

-117.082

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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