Multi-Tenant Retail Strip
For Sale
$5,500,000
32475 Temecula Pkwy, Temecula, CA 92592
Fully leased retail property with five tenants operating under NNN leases.
Property Size12,565 SF
Price / SF$437.72
Days on Market47
Property Features for 32475 Temecula Pkwy
General Information
Standard status
Active
Size
12,565 SF
Property subtype
Shopping Strip
Occupancy
100%
Net Operating Income
$307,483
Additional Details
Traffic Count
43,000 vehicles/day
Amenities
Seller Carry - 5.5% interest only, 5 year term
Below Market Rent
Below Replacement Cost
Building Details
Building Size
12,565 SF
Year Built
2004
Tenancy
Multi
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Bill Rose · License #License(s): CA: 01170320, NV: S.0198735
(858) 373-3132
Source:
Marcusmillichap
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 2:20AM
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 - San Diego
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Investment Insights
Based on property information with market context.
Wolf Store Retail Park is a 12,565 SF multi-tenant strip center with five occupied retail suites and a fully leased rent roll. The property operates under NNN lease structures and offers a functional neighborhood retail format serving daily-needs, restaurant, and service-oriented businesses.
Positioned at 32475 Temecula Parkway in Temecula, California, the center sits along a commercial corridor reporting more than 43,000 vehicles per day. The surrounding trade area includes established retail destinations and residential density, with access to major regional transportation routes. Annual consumer traffic is reported at 1.1M, and the property is located within a market characterized by expanding employment and strong household incomes.
Positioned at 32475 Temecula Parkway in Temecula, California, the center sits along a commercial corridor reporting more than 43,000 vehicles per day. The surrounding trade area includes established retail destinations and residential density, with access to major regional transportation routes. Annual consumer traffic is reported at 1.1M, and the property is located within a market characterized by expanding employment and strong household incomes.
Key Highlights
- 12,565 SF multi‑tenant retail strip center
- Five tenants with 100% leased occupancy
- NNN lease structure across the tenant lineup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,941
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,658,820
$3.7M
Cap Rate 7%
$2,613,443
$2.6M
Cap Rate 9%
$2,032,678
$2.0M
Market Conditions
NOI Build-Up for 12,565 SF
Gross rent
$277.4K $22.08/SF
− Vacancy
−$16.1K −$1.28/SF
EGI
$261.3K $20.80/SF
− OpEx
−$78.4K −$6.24/SF
NOI
$182.9K $14.56/SF
Area
Temecula, CA
Vacancy
5.80%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,658,820
Cap Rate 7%
$2,613,443
Cap Rate 9%
$2,032,678
Alternative Uses
Best Use
Retail
$2.61M
$2.29M – $3.05M
NOI $182,941 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $272,996 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
43,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
Explore this area
Business Placement
Demographics for 92592, CA
79,740
Population
25,878
Households
3.1
Avg Household Size
38
Median Age
41%
College-Educated
95%
High-School Grad
110.2 sq mi
ZIP Area
724
Density / Sq Mi
$132,475
Median Household Income
$59,252
Median Earnings
$2,580
Median Rent
$664,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased retail property with five tenants operating under NNN leases.
Where is this strip mall located?
The property is located at 32475 Temecula Pkwy Temecula, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 12,565 SF multi‑tenant retail strip center; Five tenants with 100% leased occupancy; NNN lease structure across the tenant lineup
