35876 Winchester RdWinchester, CA 92596

  • Retail properties
  • 8,300 SF
For Sale
$6,120,000 View listing

Property Details for 35876 Winchester Rd

Year built
2023
Construction
WOOD
Lot size
0.82 AC
Property size (Sq ft)
8,300 SF
Property type
Retail properties
Property subtype
Retail space
APN
480-990-011
APU
480990011

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,353,328
    6.5%
    $3,095,380
    7%
    $2,874,281
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,669,137
    Geo Method
    $7,361,804
  • Alternative Use

    Use
    Valuation
    Residential
    $2,611,069
    Hospitality
    $2,391,725
    Educational
    $1,989,887
    Medical
    $2,058,322
    Retail
    $3,095,380
35876 Winchester Rd, Winchester, California

Location Insight

City
Winchester
County
Riverside
State
California
Latitude
33.5983
Longitude
-117.117
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
$38,674
$345,339
$3,350,000
$3,695,339
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