35876 Winchester Rd Winchester, CA 92596-7538
- Retail space
- 8,300 SF
- 0.82 lot acres
Current Use by Public Records
- Retail space
Property Details for 35876 Winchester Rd
- Year built
- 2023
- Construction
- WOOD
- Lot size
- 0.82 lot acres
- Property size
- 8,300 SF
- Property type
- Retail space
- APN
- 480-990-011
- APU
- 480990011
Description
This exceptional retail investment property, located at 35876 Winchester Rd, Winchester, CA 92596, offers a compelling opportunity. The 8,003 square foot building, constructed in 2024, sits on a 0.82-acre lot and boasts a 100% occupancy rate with four tenants: Subway, Jamba Juice, UPS, and another tenant. All tenants are under new 10-year leases with options to extend, featuring scheduled rent increases to protect against inflation. The property's Net Operating Income (NOI) is $336,606, resulting in a 5.50% capitalization rate. The asking price is $6,120,000, representing a fee simple ownership (land and building). This is a triple-net (NNN) lease structure, minimizing landlord responsibilities. The property is ideally situated as an outparcel to the newly constructed French Valley Marketplace, a significant shopping center with numerous national credit tenants. The location benefits from high visibility on Winchester Road, a major retail corridor with 28,000 vehicles per day. The strong tenant synergy and proximity to two large apartment complexes, along with a highly affluent demographic profile (average household income exceeding $142,753 within a 3-mile radius and over 159,000 residents within a 5-mile radius), contribute to the property's exceptional investment potential. The property's APN is 480-990-011, and it is zoned for commercial use.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winchester
- County
- Riverside
- State
- California
- Longitude
- -117.117
- Latitude
- 33.5983
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
