Below Market Rent 100% Occupied Retail Center 39500 Murrieta Hot Springs Rd

Investment Highlights

Attractive Rents and CAM Retailer Diversity Advantage Prime Location with Multiple Economic Drivers High Quality Construction Asset Offered at Below Replacement Cost Net Leased Investment Thousands of New Homes Surrounding the Property

Executive Summary

CIRE Partners is pleased to exclusively present for sale a multi-tenant net-leased investment opportunity in Murrieta, California. The property consists of ?8,200 square foot retail building comprised of four (4) units ranging from 1,826 - 2,588 square feet situated on approximately 0.75 Acres (?32,670 SF) and conveniently positioned at the entrance of Margarita Center. The property is currently 100% occupied, and the offering price is based on current income which represents a 5.50% cap rate. The property is easily accessible and benefits from its strategic location and excellent visibility with ?200 feet of frontage along Villa Drive and ?90 feet of frontage along Murrieta Hot Springs Road (?51,200 ADT), has multiple points of ingress/egress, plenty of on-site parking (?44 surface spaces or 5.37/1,000 SF). Murrieta Hot Springs Road is a main business corridor in the region and home to the vast majority of retail that runs parallel to I-15, the major north-south interstate. The property is located at the entrance of Murrieta Center which consist of ?60,400 square feet of retail, across the street from the Murrieta Hot Springs Resort and Murrieta Tennis Club, and surrounded by residential communities, all creating great draw to the immediate area and synergy for the subject property. In addition, neighboring tenants include Sam?s Club, The Habit Burger, Buffalo Wild Wings, El Pollo Loco, Wendy?s, Carl?s Jr., Jack in the Box, Dunkin?, Starbucks, Shell, ARCO, Chevron, 7-Eleven, Walgreens, SchoolsFirst Credit Union, California Coast Credit Union, Harbor Freight, Marshalls, Burlington, Ross Dress for Less, Dollar Tree, Goodwill, EoS Fitness, and many more.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Fast Food General Retail Freestanding General Retail Restaurant Storefront
• Building Size    8,200
• Building Class    B
• Year Built    2007
• Price    3,852,855
• Price Per SF    470
• Cap Rate    5.50
• NOI    211,907
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.35
• Land Acres    0.54 AC