40516 Murrieta Hot Springs Rd Murrieta, CA 92563

This exceptional investment opportunity presents a 24,647 square foot, single-story retail building situated on a 108,900 square foot lot in Murrieta, CA. The property, built in 2007 and zoned RC (Regional Commercial), boasts 100% occupancy with two tenants: Harbor Freight Tools and Sola Salon Studios. Harbor Freight, occupying 16,948 square feet (approximately 71.2% of the building), has four years remaining on their lease with six five-year renewal options at 10% rent increases per option. Sola Salon Studios, occupying 7,699 square feet (approximately 28.8%), has three years remaining on their lease with four five-year renewal options including 2.5% annual rent increases. The property offers a strong net operating income (NOI) of $325,224, resulting in a 6.02% cap rate. Located within the Murrieta Plaza, a major retail center anchored by Sam's Club, Walgreens, and other national brands, this property benefits from high visibility and traffic along I-215. The asking price is $5,400,000, translating to $219.09 per square foot. Lease options are available, and rent bumps are included in the lease agreements. This prime Murrieta location offers an excellent opportunity for a secure and stable cash flow investment. The property's address is 40516 Murrieta Hot Springs Rd, Murrieta, CA 92563, APN 916-380-037.