13314-13348 Poway Rd
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13314-13348 Poway Rd
8,019 SF 100% Leased Retail Building Poway, CA 92064 £9,545,890 (£1,190/SF) 6.31% Net Initial Yield
Investment Highlights
- EXCELLENT TRADE AREA
- HIGH TRAFFIC & GREAT VISIBILITY
- INTERNET RESISTANT TENANCY
Executive Summary
Poway Valley Center is located at the corner of Poway Road and Community Road, one of the busiest intersections in the area. Poway is strategically positioned in the center of San Diego County with easy access to the I-5 freeway. The community offers a broad range of dining, shopping, beautiful parks and trails, and numerous community events throughout the year. Poway is known as “The City in the County” with acres of preserved open space.
Nearby tenants include a New Trader Joe’s opening Q3 2024 (just east of the site), Wal-Mart, Vons, Stater Brother’s, Walgreens, Michael’s, Petco, Autozone and many more.
The center benefits from the surrounding area growing population within a 5-mile radius. Per year, the center receives approximately 330K visits, 98K visitors and average dwell time of 45 minutes per visit. (Source: PlacerAi)
¦ MINIMUM RESPONSIBILITY - Poway Valley Center has been recently remodeled, with no deferred maintenance. As well as a recent asphalt slurry and restripe over the parking field.
¦ EXCELLENT TRADE AREA - The site benefits from an excellent retail trade area, and is ideally positioned next to Walgreen’s. The trade area also has new residential growth including 212 unit Poway Town Center mixed-use project and sits across the street from Poway Commons 247 new apartment units under construction.
¦ STRONG CAGR - Poway Valley Center boasts a robust Compound Annual Growth Rate (CAGR) of 3.06%
¦ STABLE AND GROWING CASH FLOW - The Property has maintained a high occupancy with cash flow projected to grow more than $261,854 (34%) over a 10-year hold period, providing a strong inflationary hedge.
¦ SIGNIFICANT LEASING MOMENTUM - FC Nails, JC Flooring, Poway Pharmacy and Dental Sense are all brand new leases, proving the viability of the retail center and the strength of the surrounding corridor.
¦ INTERNET RESISTANT TENANCY – Strong mix of service tenants (beauty, restaurant, dental and education) that cannot be replicated online and generate strong “daily trip” traffic to the property.
¦ ATTRACTIVE LEVERAGED RETURNS - Even in the current interest rate environment, the asset provides a 12.32% Leveraged IRR
Nearby tenants include a New Trader Joe’s opening Q3 2024 (just east of the site), Wal-Mart, Vons, Stater Brother’s, Walgreens, Michael’s, Petco, Autozone and many more.
The center benefits from the surrounding area growing population within a 5-mile radius. Per year, the center receives approximately 330K visits, 98K visitors and average dwell time of 45 minutes per visit. (Source: PlacerAi)
¦ MINIMUM RESPONSIBILITY - Poway Valley Center has been recently remodeled, with no deferred maintenance. As well as a recent asphalt slurry and restripe over the parking field.
¦ EXCELLENT TRADE AREA - The site benefits from an excellent retail trade area, and is ideally positioned next to Walgreen’s. The trade area also has new residential growth including 212 unit Poway Town Center mixed-use project and sits across the street from Poway Commons 247 new apartment units under construction.
¦ STRONG CAGR - Poway Valley Center boasts a robust Compound Annual Growth Rate (CAGR) of 3.06%
¦ STABLE AND GROWING CASH FLOW - The Property has maintained a high occupancy with cash flow projected to grow more than $261,854 (34%) over a 10-year hold period, providing a strong inflationary hedge.
¦ SIGNIFICANT LEASING MOMENTUM - FC Nails, JC Flooring, Poway Pharmacy and Dental Sense are all brand new leases, proving the viability of the retail center and the strength of the surrounding corridor.
¦ INTERNET RESISTANT TENANCY – Strong mix of service tenants (beauty, restaurant, dental and education) that cannot be replicated online and generate strong “daily trip” traffic to the property.
¦ ATTRACTIVE LEVERAGED RETURNS - Even in the current interest rate environment, the asset provides a 12.32% Leveraged IRR
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,019 SF
Building Class
C
Year Built/Renovated
1962/2023
Price
£9,545,890
Price Per SF
£1,190
Net Initial Yield
6.31%
NOI
£602,598
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.08
Lot Size
2.30 AC
Zoning
C, Poway
Parking
160 Spaces (5.1 Spaces per 1,000 SF Leased)
Frontage
229 ft on Poway
Amenities
- Bus Route
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Wing Stop
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Wing Stop | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 317-101-15 | Improvements Assessment | £3,056,190 |
| Land Assessment | £2,765,844 | Total Assessment | £5,822,034 |
PROPERTY TAXES
Parcel Number
317-101-15
Land Assessment
£2,765,844
Improvements Assessment
£3,056,190
Total Assessment
£5,822,034
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13314-13348 Poway Rd
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