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33680366
33680380

4 Locations

RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
JF
AZ SA028498000
Lee & Associates - Arizona
Listed by Lee & Associates San Diego - Carlsbad, Lee & Associates - Arizona
$14,500,000
1 day on market
Updated 1 day ago

The Chaparral Center at Old Town Temecula

Details
Property Type Retail, Office (+1)
Sub Type Restaurant, Storefront (+1)
Square Footage 41,232
Cap Rate 5.22%
NOI $756,368
Occupancy 89%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $352
Year Built 1979
Year Renovated 2004, 2019
Buildings 4
Acreage 1.860
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Trophy Asset Located in the Heart of Old Town Temecula

Marketing description

The Chaparral Center at Old Town Temecula presents a rare opportunity to acquire a generational mixed-use landmark asset located along a full city block of frontage on Old Town Front Street in Temecula, California. The property consists of four buildings totaling approximately 41,232 square feet situated on 1.86 acres and is currently occupied by a diverse mix of retail, restaurant, office, and service-oriented tenants.

Positioned in the heart of Old Town Temecula, the property benefits from exceptional visibility, strong pedestrian traffic, and a well-established tourism ecosystem driven by the region’s historic downtown district and renowned Temecula Wine Country. The tenant roster includes popular local destinations such as Mad Madeline’s Grill, Texas Lil’s, Bottega Italia, The Crafted Scone, and numerous professional office users, providing diversified income streams and long-term stability. The asset has historically maintained strong occupancy and offers future upside through lease rollover, tenant mix optimization, and the lease-up of remaining vacancy.

The Chaparral Center is strategically positioned to benefit from Temecula’s continued economic and residential growth, including the nearby Altair master-planned community, which is expected to deliver approximately 1,750 new homes within walking distance of Old Town. The surrounding trade area features strong demographics, significant tourism spending, and convenient access to Interstate 15, which carries approximately 166,000 vehicles per day. With limited availability of comparable historic core properties, high barriers to entry, and a prominent location within one of Southern California’s premier destination districts, The Chaparral Center represents a unique long-term investment opportunity.

Investment highlights

  • Generational Asset – Rare Opportunity to Acquire the Recognizable Chaparral Center in Historical Old Town Temecula – Assemblage of 4 Mixed-Use Commercial Buildings (89% Occupied) Consisting of Retail, Office, & Restaurant Uses
  • Home of Mad Madeline’s Grill & Texas Lil’s Tex Mex BBQ – Two of Old Town Temecula’s Most Iconic Restaurants – Serving Loyal Patrons for Nearly 40 Years
  • Established Southern California Destination Real Estate – Old Town Temecula Attracts Year-Round Visitors Drawn by Its Walkable Environment, Historic Charm, Wine Tourism, Live Entertainment, and Extensive Calendar of Festivals
  • High Barriers to Entry Due to Limited Available Inventory, Historic District Characteristics, & Constrained Redevelopment Opportunities – Creates Scarcity Value Long-Term
  • Under Market Rents – Value in Pushing Rents Long-Term – Stable Cash Flow & Diversified Rent Roll – Historically Well-Maintained Asset – No Deferred Maintenance
  • Real Estate Advantage – Adjacent to New 270 Acre ALTAIR Master Planned Community – 1,750 Homes, Parks, Trails, and Recreation Facilities – Minutes from Pechanga Casino, Interstate 15, & Temecula Wineries

Listing Contacts

RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
JF
AZ SA028498000
Lee & Associates - Arizona
Listed by Lee & Associates San Diego - Carlsbad, Lee & Associates - Arizona

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$756,368.00
$63,030.67/mo

Valuation Metrics

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DSCR
5.22%
Cap Rate
5.22%
ROI

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Additional Information

Name
Ryan Bennett
License
CA 01826517
Brokerage
Lee & Associates
Brokerage Phone
7609299700
Title
California
Brokerage Address
1902 Wright Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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