Temecula, CA - Wells Fargo

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, freestanding, Wells Fargo located in Temecula, California. The tenant has over 7 years remaining with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features rental increases equal to the lesser of 8% or CPI every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to CAM, making this an ideal investment opportunity for a passive investor.

The asset is ideally located at the signalized, hard corner intersection of Temecula Parkway and Butterfield Stage Road which serves over 98,000 vehicles per day. Furthermore, the site is strategically located on the main thoroughfare between the Interstate 15 and the expanding Temecula wine vineyards, making the site a centralized location with easy commutes. In addition, the site is within walking distance from Redhawk Towne Center, a 430,000 SF power center anchored by Walmart Supercenter, Kohls, Ross, Marshalls, and more. The subject property is within close proximity of multiple apartment complexes including The Vineyard at Paseo Del Sol (288 units), Madera Vista (110 units), Temecula Creek Villas (180 units), and more, providing a direct consumer base from which to draw.