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Retail

Tower Plaza

Temecula, CA

132,194 SqFt

Built in 1969

Core Plus

Investment Highlights

  • High Performing Shopping Center Anchored by a Grocer and Recently Upgraded AMC Luxury Theater
  • 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 Thirty Percent Below Market. Further, The Tenant is Currently on a Gross Lease That Can Be Rolled to NNN in 2032 Once All Their Extension Options Have Been Exercised
  • Average Cumulative NOI Growth Over Three Percent Over a Ten-Year Hold
  • Attractive Two-Year Cash-on-Cash of 9.75%
  • Property Includes Pre-Existing Assumable Debt

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