35876 Winchester RdWinchester, CA 92596

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 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.

• 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

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

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