Temecula, CA 92592
We are pleased to offer for sale an established medical/grocery-anchored shopping center located in Temecula, CA. With 94% of the GLA occupied by national and regional tenants, investors are offered the rare opportunity to acquire a stabilized shopping center with strong initial returns plus upside. The shopping center consists of about 30,000 SF of GLA on 2.6 acres of land, and it is anchored by a huge chain Grocery Store, Medical Group, Dentist, Major Pizza Chain, and more. Eleven spaces total, 10 of which are currently occupied by solid tenants. Investors have the opportunity to obtain both Medical and Retail that is Shadow Anchored by Home Depot, Albertsons, Chase Bank, and many others, on busy HWY 79. The investment offers an excellent current cap rate of 5.7%, projected cap rate of much higher with upside through the lease-up and converting rents at lease rollover. Despite stable tenants and upside potential, the property is priced at just $11,100,000, offering good intrinsic value. In addition, most leases are full NNN, with reimbursements for both management and admin fees. Best street frontage, high traffic area, heart of Temecula shopping
Shawna Tibbitts with Coldwell Banker Assoc.Brkr-Mu
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