Neighborhood Shopping Center with
For Sale
$13,600,000
27365-27371 Jefferson Ave, Temecula, CA 92590
Anchored by Starbucks and Sherwin-Williams at a signalized intersection with multiple ingress/egress points.
Property Size34,533 SF
Price / SF$393.83
Days on Market92
Property Features for 27365-27371 Jefferson Ave
General Information
Standard status
Active
Size
34,533 SF
Property subtype
Shopping Neighborhood
Additional Details
Cap Rate
6%
Amenities
Premier Regional Retail Corridor: Surrounded by major national retail anchors including Costco, Target, Walmart, Home Depot, and Promenade Temecula, driving strong daily traffic and consumer activity
Strong In-Place Cash Flow with Upside: Well-leased neighborhood shopping center with a stable operating history, diversified tenant mix, and future upside through rental growth & lease rollover
Affluent & Growing Demographics: Approximately 173,192 residents and 58,237 households within a five-mile radius, with average household incomes exceeding $134,870
Top-Performing Starbucks Drive-Thru Outparcel: Exceptionally high-volume Starbucks drive-thru ranked by Placer.ai in the top 11% nationwide and top 18% in California for customer visits and traffic volume—making it a consistent top performer in the region
Excellent Visibility & Access: Prime location featuring multiple entry and exit points, prominent frontage along Jefferson Avenue, and outstanding exposure within Temecula's main retail corridor near Rancho California Road (31,018 VPD), just half a block from Winchester Road (46,813 VPD).
Long-Term Growth Market: Temecula's population has grown approximately 3% over the past five years, supported by continued in-migration, residential development, and strong demand for high-quality suburban communities in Southern California
Regional Connectivity: Convenient access to Interstate 15 with approximately 181,008 VPD, provides strong connectivity throughout Southern California and supports continued residential and commercial growth within the market
Limited New Retail Supply: High barriers to entry, rising construction costs, and limited available commercial land continue to constrain new retail development, supporting long-term occupancy and rental growth
Building Details
Building Size
34,533 SF
Year Built
1989
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Orbell Ovaness · License #License(s): CA: 01402142
(213) 943-1822
Source:
Marcusmillichap
Added: Jul 15
Changed: Oct 13
Last Checked: Oct 12 at 4:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Plaza Seville is a neighborhood shopping center offering anchored retail anchored by Starbucks and Sherwin-Williams, along with a mix of established daily-needs and service-oriented tenants. The center also includes a Starbucks drive-thru outparcel.
The property is positioned at the signalized intersection of Jefferson Avenue and Via Montezuma, designed to support convenient access with multiple ingress/egress points. It is located near Rancho California Road, which carries approximately 31,018 VPD, and about a half block from Winchester Road, which carries approximately 46,813 VPD, supporting strong visibility to commuter traffic along Temecula’s primary retail corridor.
The center is surrounded by major national retailers and regional shopping destinations, including Costco, Target, Walmart, Home Depot, and Promenade Temecula. Placer.ai identifies the Starbucks drive-thru as a top performing location based on customer visits and traffic volume.
The property is positioned at the signalized intersection of Jefferson Avenue and Via Montezuma, designed to support convenient access with multiple ingress/egress points. It is located near Rancho California Road, which carries approximately 31,018 VPD, and about a half block from Winchester Road, which carries approximately 46,813 VPD, supporting strong visibility to commuter traffic along Temecula’s primary retail corridor.
The center is surrounded by major national retailers and regional shopping destinations, including Costco, Target, Walmart, Home Depot, and Promenade Temecula. Placer.ai identifies the Starbucks drive-thru as a top performing location based on customer visits and traffic volume.
Key Highlights
- Year built 1989 shopping center anchored by Starbucks and Sherwin‑Williams
- Located at the signalized intersection of Jefferson Avenue and Via Montezuma
- Multiple ingress/egress points with exposure to commuter traffic near Rancho California Rd (~31,018 VPD) and Winchester Rd (~46,813 VPD)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$538,698
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,773,960
$10.8M
Cap Rate 7%
$7,695,686
$7.7M
Cap Rate 9%
$5,985,533
$6.0M
Market Conditions
NOI Build-Up for 34,533 SF
Gross rent
$762.5K $22.08/SF
− Vacancy
−$44.2K −$1.28/SF
EGI
$718.3K $20.80/SF
− OpEx
−$179.6K −$5.20/SF
NOI
$538.7K $15.60/SF
Area
Temecula, CA
Vacancy
5.80%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,773,960
Cap Rate 7%
$7,695,686
Cap Rate 9%
$5,985,533
Alternative Uses
Best Use
Specialty Retail
$7.70M
$6.73M – $8.98M
NOI $538,698 @ 7.0% cap · market cap 3.96%
Second Best
Retail
$7.18M
$6.28M – $8.38M
NOI $502,785 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$10.72M
$9.38M – $12.50M
NOI $750,289 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,411
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
FedEx Office Print & Ship Center
Shops & Services
2,132 visits/mo
0.5 miles
Demographics for 92590, CA
4,840
Population
2,023
Households
2.4
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
54.4 sq mi
ZIP Area
89
Density / Sq Mi
$76,952
Median Household Income
$41,510
Median Earnings
$1,289
Median Rent
$1,201,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Anchored by Starbucks and Sherwin-Williams at a signalized intersection with multiple ingress/egress points.
Where is this shopping center located?
The property is located at 27365-27371 Jefferson Ave Temecula, CA.
What is the asking price?
The asking price for this property is $13,600,000.
What are key features of this property?
This property features: Year built 1989 shopping center anchored by Starbucks and Sherwin‑Williams; Located at the signalized intersection of Jefferson Avenue and Via Montezuma; Multiple ingress/egress points with exposure to commuter traffic near Rancho California Rd (~31,018 VPD) and Winchester Rd (~46,813 VPD)
