12329 Poway Rd Poway, CA 92064
- Specialty properties
- 2,000 SF
Current Use by Public Records
- Distillers Outlet Liquor / Liquor Store
- Coco Cocktail / Bar
- Quad Coin Bitcoin ATM / Atm
Property Details for 12329 Poway Rd
- Property size
- 2,000 SF
- Property type
- Specialty properties
- Property subtype
- Retail 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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Poway
- County
- San Diego
- State
- California
- Longitude
- -117.064
- Latitude
- 32.9508
