Retail•Strip Center•For Sale

TWO Temecula Multi-Tenant - 40620 and 40788 Winchester Road

40620 Winchester Road, Temecula, California 92591

Sale Price $13,387,885
Sale Type Investment
Tenant Yes
Bldg Type Multi-Tenant
Class A
Status Existing
Year Built 2000
Stories 1
Cap Rate 5.75%
Net Lease Realty Partners is excited to present the rare opportunity to acquire the fee simple interest in two Multi-Tenant Retail properties, located in the Promenade Temecula, an irreplaceable regional retail power center/mall in Southern California. The properties are well situated on large 1.28 AC & 1.05 AC parcels, respectfully. The properties were constructed in 2000 and both boast major frontage on Winchester Road, a busy thoroughfare with heavy traffic (approx. 73,300+ ADT). 40620 Winchester is currently occupied by Destination XL, Mattress Firm which are national brand creditworthy retailers, and Massage Green Spa, a regional spa and wellness franchise. 40788 Winchester is currently occupied by Men’s Wearhouse (Tailored Brands) and Qdoba Mexican Eats, also both national brand creditworthy retailers. Qdoba is not currently operating at this location and is a “Dark” store. Per the lease, Qdoba has agreed to pay rent through June 30th, 2022– giving a new owner an opportunity to improve the tenant roster while still receiving rent for the space. This offering of properties is rare and highly sought after by tenants and investors alike due to the tremendous growth of population and income al Real Estate assets would make an addition to the portfolio of a family, trust or institutional investor.
  • Strong Tenant Roster - Primarily National Tenants
  • Affluent Southern California Location
  • Outparcels to Promenade Temecula
  • Generational Real Estate Investment Opportunity
  • Value- Add Opportunity
  • 40620 Winchester Road $8,536,783 - NOI $ 490,865 - 5.75% Cap Rate
  • 40788 Winchester Road $4,851,102 - NOI $278,938 - 5.75%

2 Spaces

Standard Retail
15,490 SqFt
40620
1
10/23/2019
15,490 square feet with three tenants in place
Standard Retail
9,450 SqFt
40788
1
10/23/2019
9,450 square feet with two tenants in place, one tenant dark - see OM
10/23/2019 12:00:00 AM 10/23/2019 6:18:55 PM
Paul Bonanno
Broker
Net Lease Realty Partners
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