Butterfield Station Shopping Center
32909 Temecula Parkway, Temecula, CA 92592
Property Description
Price: $9,890,000
Price Per/SF: $329.22
Land Area: ±4.10 Acres
Cap Rate: 6.89% Current | 7.41% (2028)
Gross Leasable Area: ±30,041 Square Feet
Year Built: 2007
Investment Highlights
Shadow-Anchored by Smart & Final and Ralphs, Providing for Consistent Daily Traffic
Stable, Internet-Resistant Tenant Mix with Excellent Synergy, 100% Occupied by Service-Based Tenants That Are Resistant to E-Commerce Disruption and Provide Essential, Daily-Use Services
Strategically Positioned Along Temecula Parkway, a Major Retail Thoroughfare with Traffic Counts Exceeding 90,000 Cars Per Day at the Nearby Intersection
Favorable Going-In Cap Rate of 6.89% | Excellent Financing Available with 69% LTV and 3-Year Interest-Only Terms, Resulting in a Projected Cash-on-Cash Return of 7.75% in Year 1 and 9.41% in 2028
Prime Location in Temecula’s Growth Corridor
- Temecula Parkway Is the Area’s Primary Retail Artery, Featuring National Retailers Including Home Depot, Walmart, Ross, Marshalls, ALDI, PetSmart, Smart & Final, Ralphs, and Many More
- Located at the Gateway to Temecula Valley Wine Country, a Premier Southern California Destination for Wine Tourism (Dubbed “The Napa Valley of Southern California”)
- Just 3 Miles from Pechanga Resort Casino, Southern California’s Largest Casino & Resort Property at Over 200,000 SF with ±3 Million Annual Visitors
- Over 8,000 Homes are Located in the Immediate Area | Directly Across from a Brand New, 164-Home Development by Woodside (Construction Grading is Currently in Progress)
Strong Real Estate Fundamentals
- High Quality, 2007 Construction with Modern Landscaping and Parking Areas | Abundant Parking with ±340 Spaces Within the Shopping Center
- Excellent Demographics: Average Household Income Exceeds $135,000 Within 5 Miles, Well Above the Inland Empire Average, Which Provides a Strong Customer Base
- Temecula is a Premier Southern California Submarket Known for Its Affluence, Quality of Life, and Limited Commercial Inventory
- Temecula Offers One of the Region’s Most Stable Retail Environments With Sustained Tenant Demand and Low Vacancy Rates
Contact Information
Ron Duong
Tom Gioia
Senior Vice President (Lee & Associates)
License: CA 01219394
License: CA 01219394