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    29640 Rancho California Rd Temecula, CA 92591

    Sponsored
    For Sale
    $5,265,000

    Fee Simple Ownership, Absolute NNN Lease, Prime Location

    Property size:
    5,362 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the chance to acquire fee simple ownership (land and building) of a Chase Bank property in Temecula, CA. The property boasts a 5,362 square foot building on a 0.81-acre lot, featuring a drive-thru ATM and ample parking (27 spaces). The property is situated at 29640 Rancho California Rd, Temecula, CA 92591, within the high-traffic Temecula Town Center, attracting over 4.8 million visitors annually. This prime location benefits from excellent visibility and accessibility, with proximity to Interstate 15 on/off ramps. The property is zoned Community Commercial (CC). The Chase Bank tenant, a corporate guaranteed, investment-grade tenant (S&P: A+), holds an absolute NNN lease with a remaining term of 4.9 years, followed by two 5-year renewal options, commencing October 1, 1994, and expiring October 1, 2029. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $289,548 and a 5.50% cap rate. The asking price is $5,265,000. The property's success is further supported by the strong demographics of the 5-mile trade area, boasting an average household income exceeding $137,000 and a significant resident and employee population. Built in 1989, this property offers a stable, low-maintenance investment with significant long-term potential. The property's APN is 921-320-045.

    Property Features for 29640 Rancho California Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,362 SF
    Lot Size
    35,284 SF

    Building Details

    Year Built
    1989

    HighLights

    • Fee simple ownership of a Chase Bank (S&P: A+) property in Temecula, CA, with a 30+ year operating history, a recent 5‑year lease extension, and two 5‑year options remaining.
    • Absolute NNN lease; zero landlord responsibilities.
    • Prime Temecula location in a dense retail corridor near Target and Vons, with 4.8M+ annual visitors and nearby residential complexes.
    • High‑visibility location on Rancho California Rd, with excellent I‑15 access and a drive‑thru ATM.
    • Strong demographics within a 5‑mile radius, including an average household income exceeding $137,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chase Mortgage Mortgage Lender Chase Bank Bank Chase ATM Atm Brian K Hasseler ... Mortgage Lender

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Temecula
    County
    Riverside
    State
    California
    Longitude
    -117.1460596
    Latitude
    33.5049859

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    FAQs

    What type of property is this?
    Individual retail property - Fee Simple Ownership, Absolute NNN Lease, Prime Location
    Where is this individual retail property located?
    The property is located at 29640 Rancho California Rd Temecula, CA.
    What is the asking price?
    The asking price for this property is $5,265,000.
    What are key features of this property?
    This property features: Fee simple ownership of a Chase Bank (S&P: A+) property in Temecula, CA, with a 30+ year operating history, a recent 5-year lease extension, and two 5-year options remaining.; Absolute NNN lease; zero landlord responsibilities.; Prime Temecula location in a dense retail corridor near Target and Vons, with 4.8M+ annual visitors and nearby residential complexes.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29640 Rancho California Rd Temecula, CA 92591
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