39566 Los Alamos Rd Murrieta, CA 92563
- Retail properties
- 4,065 SF
- 1.34 lot acres
Current Use by Public Records
- Western Union / Money Transfer Service
- 7-Eleven / Convenience Store
Property Details for 39566 Los Alamos Rd
- Year built
- 2022
- Lot size
- 1.34 lot acres
- Property size
- 4,065 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 4,065-square-foot, Class A freestanding retail building in Murrieta, CA. Built in 2022, this property boasts a 15-year ground lease with 7-Eleven, a globally recognized brand, including three 5-year renewal options with a 10% rent increase each time. The lease is a triple-net (NNN) agreement, meaning zero landlord responsibilities. Situated on a 1.34-acre lot with 19 parking spaces, the property enjoys high visibility at a signalized corner on Los Alamos Road, off the 215 Freeway, experiencing over 125,000 vehicles daily. The location is strategically positioned within a densely populated area, benefiting from proximity to major freeways (I-15, 215 Freeway, and Highway 79), significant residential and commercial development, and popular attractions like Temecula wineries and Pechanga Casino. The property's current annual rent is $146,500, offering a 3.50% cap rate and a compelling $1,029.52 price per square foot. The ground lease expires March 2, 2037. This property is ideally suited for a 1031 exchange and offers a secure, passive income stream with a strong, investment-grade tenant. The recent expansion of the 7-Eleven store, completed in 2022 at the tenant's expense, further demonstrates their long-term commitment to the location. The property is offered fee simple and is free and clear of debt.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Murrieta
- County
- Riverside
- State
- California
- Longitude
- -117.177
- Latitude
- 33.5745
