27690 Clinton Keith Rd Murrieta, CA 92562-8556

Property Details for 27690 Clinton Keith Rd

Year built

2007

Construction

STEEL FRAME

Lot size

1.28 lot acres

Property size

5,588 SF

Property type

Banks

APN

392-270-022

APU

392270022

Description

This exceptional investment opportunity presents a free-standing Bank of America branch located at 27690 Clinton Keith Rd, Murrieta, CA 92562. The 5,588 square foot building, constructed in 2007, sits on a prominent pad site at the southwest corner of the Orchard Station Shopping Center, boasting excellent visibility and accessibility. The property benefits from a strong tenant in Bank of America, a globally recognized financial institution, under a Net Lease (NNN) agreement with a remaining lease term of approximately 2.7 years. The lease commenced August 1, 2007, and includes four 5-year renewal options, providing long-term stability and predictable cash flow. The asking price is $4,220,000, representing a compelling cap rate of 6.50% and a price per square foot of $984.25. The property enjoys 100% occupancy and is situated in a high-growth area, surrounded by major retailers including Super Target, Tractor Supply, Dollar Tree, and Starbucks. Further enhancing the location's appeal, Home Depot is under construction, while Ross has an executed lease and Petsmart is in lease negotiations, indicating significant future growth for the shopping center. The property's strategic location at the intersection of Clinton Keith Road and McElwain Road, directly across from a new Costco development, ensures high traffic volume and strong visibility. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a creditworthy tenant in a thriving retail environment.

Location Insight

City

Murrieta

County

Riverside

State

California

Longitude

-117.177

Latitude

33.5993

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments