31990 Temecula Pky
Temecula, CA 92592

Faris Lee Investments is pleased to offer the rare opportunity to acquire the fee simple interest (land & building) in a 6,100 SR Absolute NNN, U.S. Bank ("the Property") located at 31990 Temecula Parkway in the affluent city of Temecula, CA. The Property is corporately guaranteed by U.S. Bank, which is S&P rated A+, had 2018 revenue in excess of $20 Billion, and operates over 3,067 branches and 4,771 ATMS throughout the United States. The Property features 3% annual increases throughout the initial term and 3 (5-year) options to extend, hedging against inflation, generating income growth, and potentially providing realistic value appreciation. The Property is strategically positioned as an outparcel pad to the Home Depot and Albertsons anchored center along Temecula Parkway, which experiences over 35,200 vehicles per day. Temecula Parkway is Temecula's dominant retail corridor and is home to many national/credit retailers including Walmart, Ross, Marshalls, Kohl's, Albertsons, McDonald's and much more. The immediate area has experienced recent high-end multifamily and residential developments including: The Groves ($1.2M to $1.3M home prices), Aldea at Paseo Del Sol (townhomes valued at $350,000+) and The Vineyards (288 unit apartment complex). Additionally, the Property benefits from extremely affluent demographics, with more than 91,500 residents with an average annual household income in excess of $112,300 and more than 18,500 day-time employees within a 3-mile radius of the Subject Property.