- For Sale $1,625,000
- Property Type Retail
- Property Size 6,700 SF
- Additional Rent Contact for pricing
- Date Updated Jun 8, 2023
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 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.
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Contacts
Location
Getting Around
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Walk Score ®
48/100
Car-Dependent
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Bike Score ®
31/100
Somewhat Bikeable
- City Wildomar, CA
- Neighborhood Wildomar
- Zip Code 92595
- Market Inland Empire
Points of Interest
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Arco
1.62 miles
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7-Eleven
1.98 miles
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Lake Elsinore - Grape Street Supercharger
4.02 miles
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ChargePoint
4.14 miles
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Tesla Destination
4.14 miles
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Mobil
4.16 miles
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76
4.30 miles
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Chevron
4.44 miles
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Eastport Market
5.79 miles
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Tesla Supercharger
6.22 miles
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MULLIGAN FAMILY FUN CENTER
5.16 miles
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Hidden Valley Trail Head
5.34 miles
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Murrieta Wal-Mart Park & Ride
5.86 miles
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Promise Lutheran Church Park & Ride
6.44 miles
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Vernal Pool Trailhead
6.64 miles
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Lake Elsinore Market Park And Ride
6.93 miles
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Lake Elsinore Park And Ride
7.04 miles
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Revival Christian Fellowship Park And Ride
7.59 miles
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Parking Lot D
7.75 miles
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Parking Lot C
7.78 miles
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Mrs. 7 Pho
1.56 miles
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El Burro Taco Shop
1.56 miles
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Everbowl
1.56 miles
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Finch
1.57 miles
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The Hive
1.60 miles
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El Pollo Loco
1.61 miles
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Pho Tyc
1.61 miles
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Yellow Basket
1.62 miles
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Go Nutz Donuts
1.62 miles
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Jack in the Box
1.63 miles
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Stater Bros.
1.57 miles
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Baron's
1.66 miles
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Albertsons
1.96 miles
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Grocery Outlet
1.99 miles
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Ralphs
3.23 miles
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Barons Market
4.54 miles
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Kohl's
4.78 miles
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Target
4.87 miles
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Canyon Lake Market
4.90 miles
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Saver's
5.40 miles
Frequently Asked Questions
How much does 21535 Palomar Street cost?
The space currently listed for sale at 21535 Palomar Street asks for $1,625,000.
What is the total square footage of 21535 Palomar Street?
21535 Palomar Street totals 6,700 square feet.
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