27822 Clinton Keith Rd Murrieta, CA 92562-8554

Property Details for 27822 Clinton Keith Rd

Lot size

1.78 lot acres

Property type

Commercial real estate

APN

392-450-027

APU

392450027

Description

This exceptional investment opportunity presents a brand-new, 25,000 square foot Class A retail storefront in Murrieta, CA, currently 100% occupied by a Ross Dress for Less under a 10-year NNN lease (expiring 10/30/2034) with a corporate guarantee and annual rent bumps. The property boasts a 5.65% cap rate and a strong NOI of $500,000. Situated on a 1.78-acre lot, this strategically located asset benefits from excellent visibility and access from I-215, a major thoroughfare with approximately 110,000 vehicles per day. The property is part of a thriving new development anchored by a Super Target and other major retailers, including Home Depot, Tractor Supply, and PetSmart, ensuring high traffic and strong consumer demographics. The surrounding area is densely populated and affluent, with a 3-mile radius boasting over 76,000 residents and an average household income exceeding $142,000. Proximity to Loma Linda University Medical Center and a new Kaiser Permanente Medical Campus further enhances the location's desirability. The lease includes four, 5-year renewal options with $1/SF rent increases every five years. This is a rare opportunity to acquire a high-quality, net-leased asset with a credit-rated tenant in a prime retail location. The asking price is $8,850,000.