12329 Poway RdPoway, CA 92064

Property Details for 12329 Poway Rd

Property size (Sq ft)

2,000 SF

Property type

Investment properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a turnkey liquor store and convenience store in Poway, California. Located at 12329 Poway Rd, 92064, this 2,000 square foot business boasts a strong financial performance, with a Net Operating Income (NOI) of $90,000 and a 22.50% cap rate. The property features a full liquor license, a recently renovated interior including 22-24 refrigerator doors, and benefits from a 15-year lease with rent bumps. Situated in a busy shopping center alongside established businesses like 99 Cents Only Stores and Smart & Final, the location ensures high foot traffic and excellent visibility. The business currently generates approximately $650,000 in monthly gross sales, with online sales adding $5,000-$10,000 monthly. The asking price is $400,000 ($200/sq ft), and does not include inventory (estimated at $150,000-$175,000). The property includes three parking spaces and is 100% occupied. This is a multi-tenancy property with a triple net (NNN) lease. The business employs one full-time and one part-time employee, with monthly payroll between $5,500 and $6,000, including owner compensation. This is an ideal owner-user investment in a high-demand retail area.

Location Insight

City

Poway

County

San Diego

State

California

Latitude

32.9508

Longitude

-117.064

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