Published on: Monday, October 7, 2024
Updated on: Wednesday, March 12, 2025
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About the Lister
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Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
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  Shops at French Valley Marketplace Bldg 16
35974 Winchester Rd Winchester California , 92596
35974 Winchester Rd Winchester California                                                                                          , 92596  SRS Real State Partners
Listing ID: CL-California-12337

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.5
Net Operating Income: $354,896.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-California-12337
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2024
Building Size: 7,226.00 SqFt
Lot Size: 67,857.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: Yes
Building Status: Existing
Attached Documents
Listing Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a newly constructed, 100% occupied, 3-tenant retail building investment property located in Winchester, California (Temecula MSA).
Complete Details
Year Build: 2024
Building Size: 7,226 SqFt.
No of Stories: 1
Total Lot Area: 67857 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: Yes
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description

Description

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a newly constructed, 3-tenant retail building investment property located in Winchester, California (Temecula MSA). The offering features a strong e-commerce resistant tenant line-up, including Panera Bread, Toro Sushi, and another master leased space. Panera Bread occupies the end cap space with drive-through access and corporate signed a 15-year term lease with three 5-year options to extend, demonstrating their commitment to the site. Toro Sushi also signed a 10-year&3-month lease with two 5-year options to extend that features scheduled rental increases throughout the initial term and option periods, growing NOI and hedging against inflation. The leases are NNN with limited landlord responsibilities, making it an ideal, low management investment opportunity for a passive investor. The building will feature state-of-the-art, brand new construction with modern amenities and design.

Location

The subject property is ideally situated as an outparcel to French Valley Marketplace, a 78,400 SF, brand new shopping center featuring other national/credit tenants such as Grocery Outlet, EoS Fitness, McDonald’s (Corporate), Chipotle, 7-Eleven, Auto Zone, El Pollo Loco, Panera Bread, Les Schwab, Jersey Mikes, Jamba Juice, UPS and Quick Quack Car Wash. Other nearby retail centers include grocery anchored French Valley Village Center (118,600 SF), French Valley Commons (38,300 SF), and French Valley Crossings (69,000 SF / In Development). Winchester Road (28,000 VPD) is the primary retail corridor serving the trade area, with other nearby national/credit tenants including Stater Bros. Market, CVS Pharmacy, O’Reilly Auto Parts, Dollar Tree, Crunch Fitness, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the subject property. Moreover, the site is between two prominent apartment complexes, Pacific Landing Luxury Apartments (325 units) and Dakota Apartments (174 units), providing a direct consumer base from which to draw. The 5-mile trade area is supported by more than 159,000 residents and 24,000 daytime employees. Residents within 3 miles of the subject property boast an affluent average household income of $142,753.
Additional Properties
Property Tenants
  • Brand/Tenant Panera Bread, Little Caesars
Property Highlights
  • 100% Occupied | 3 Strong E-commerce Resistant Tenants | 15-Year Panera Bread With Drive-Through Access | Scheduled Rental Increases | NNN Leases | Brand New Construction
  • Outparcel to French Valley Marketplace | Retail Corridor |Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area | Six-Figure AHHI
Features
  • Zoning Commercial
  • APN 480-990-014
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0.00
$0.00
$0.00
$354,896.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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35964 Winchester Rd , Winchester California                                                                                           92596
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1275 N. Hill Field Road , Layton Utah                                                                                                 84041
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17550 Hwy 19 , New London Missouri                                                                                             63459
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Created On: 12/30/2024
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1834 W. Grant Street , Phoenix Arizona                                                                                              85007
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Created On: 11/22/2024
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4315 Pickett Rd , Saint Joseph Missouri                                                                                             64503