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Tower Plaza

Temecula, CA

132,194 SqFt

Built in 1969


Investment Highlights

  • High performing shopping center anchored by a grocer and recently upgraded AMC luxury theatre
  • Opportunity to capitalize on AMC's movie theater brand, multi-million-dollar renovation and lease extension with attractive options
  • Exceptional visibility from the I-15 and Rancho California Road and exposure from over 178,922 cars per day
  • High occupancy levels at 96.9% and low lease turnover
  • 88 Ranch Marketplace is currently paying a base rent of $12.16 PSF annually, which is approximately 30% below market. Further, the tenant is currently on a gross lease that can be rolled to NNN in 2032 once all of their extension options have been exercised
  • Average cumulative NOI growth over 3% over a 10-year hold
  • Attractive Year-2 cash-on-cash of 9.75%
  • Property includes pre-existing assumable debt

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