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Shops at French Valley Marketplace | Bldg 16 35974 Winchester Rd

7,226 SF 79% Leased Retail Building Winchester, CA 92596 $9,146,934 CAD ($1,266 CAD/SF) 5.50% Cap Rate

Investment Highlights

  • 100% Occupied | 3 Strong E-commerce Resistant Tenants | 15-Year Panera Bread With Drive-Through Access | Scheduled Rental Increases | NNN Leases
  • Outparcel to French Valley Marketplace | Retail Corridor |Strong National/Credit Tenant Presence
  • Brand New Construction
  • Strong Demographics In 5-Mile Trade Area | Six-Figure AHHI

Executive 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). The offering features a strong e-commerce resistant tenant line-up, including Panera Bread, Toro Sushi, and Little Caesars. 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. Little Caesars and Toro Sushi also signed 10-year leases that feature 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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,226 SF
Building Class
B
Year Built
2024
Price
$9,146,934 CAD
Price Per SF
$1,266 CAD
Cap Rate
5.50%
NOI
$503,054 CAD
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.56 AC
Zoning
Commercial

Amenities

  • Restaurant
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Bldg 16
  • 1,500 SF
  • Retail
  • -
  • Jan 2025
Space Size Space Use Position Available
Bldg 16 1,500 SF Retail - Jan 2025

Bldg 16

Size
1,500 SF
Space Use
Retail
Position
-
Available
Jan 2025

Nearby Major Retailers

Grocery Outlet
Chase Bank
Denny's
Starbucks
Stater Bros.
Bank of America
Waba Grill
  • Listing ID: 33273030

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 35974 Winchester Rd, Winchester, CA 92596

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