21535 PALOMAR ST Wildomar CA 92595-7767

Westmar Commercial Real Estate is Proud to Present Falcon Square, a ±6,700 Square Foot Nine (9) Suite Retail/business Center on the Main North/south Corridor in Wildomar, California. This High Occupancy Neighborhood Center is Ideally Divided Into Small Suite Sizes Ranging From 576± to 1,152± Sf Providing Affordable Rent Options to Almost All Internet Resistant Tenants. This Also Minimizes Landlord Rent Exposure When the Inevitable Tenant “turnover” Occurs. This Asset is Being Brought to Market for the 1st Time as the Owner/operator Has Passed Away and His Heirs Are Not Comfortable Operating the Center From Their Out of-area Locations. New Ownership Can Soon Benefit From Increasing Current $1.27 NNN Average Base Rents to Market, as Well as, Moving Leases From Current Usable Square Foot Basis to the More Customary Rentable Square Feet Calculation. This Should Represent a Change From the Current Calculated ±5.91 Cap Rate to a Proforma ±6.68% Number.

• Affordable High Occupancy Multi-Tenant Retail Center
• Significant Rental Upside - Below Market Rents.
• New Roof and Paint (2019)
• Internet Resistant NNN Tenants.
• High Traffic Intersection Leading to I-15 Freeway.
• Attractive Ground Level Small Suite Sizing, Each with their Own Interior Restroom
• Highly Visible on Main North-South Corridor (± Mile From Freeway).