Map of Property

21535 Palomar Street Listing Details & Market Data

21535 Palomar Street, Wildomar, CA 92595

  • For Sale $1,625,000
  • Property Type Retail
  • Property Size 6,700 SF
  • 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

broker

Jerry Palmer

WestMar

(951) 491-6300

broker

Luanne Palmer

WestMar

(951) 491-6300

Location

Getting Around

  • Walk Score ®

    Car-Dependent (48)

  • Bike Score ®

    Somewhat Bikeable (31)
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  • City Wildomar, CA
  • Neighborhood Wildomar
  • Zip Code 92595
  • Market Inland Empire

Points of Interest

  • Arco

    1.62 miles

  • Arco

    1.68 miles

  • 7-Eleven

    1.72 miles

  • Speedway

    1.82 miles

  • Chevron

    1.83 miles

  • Ralph's Gas

    3.23 miles

  • ChargePoint

    4.14 miles

  • Tesla Destination

    4.14 miles

  • Arco

    4.20 miles

  • Chevron

    4.44 miles

  • MULLIGAN FAMILY FUN CENTER

    5.16 miles

  • Hidden Valley Trail Head

    5.34 miles

  • Murrieta Wal-Mart Park & Ride

    5.86 miles

  • Promise Lutheran Church Park & Ride

    6.44 miles

  • Vernal Pool Trailhead

    6.64 miles

  • Lake Elsinore Market Park And Ride

    6.93 miles

  • Lake Elsinore Park And Ride

    7.04 miles

  • Revival Christian Fellowship Park And Ride

    7.59 miles

  • Parking Lot D

    7.75 miles

  • Parking Lot C

    7.78 miles

  • Yellow Basket

    1.61 miles

  • Pho Tyc

    1.61 miles

  • El Pollo Loco

    1.61 miles

  • Jack in the Box

    1.63 miles

  • Stadium Pizza

    1.64 miles

  • Del Taco

    1.65 miles

  • Jack in the Box

    1.68 miles

  • Taco Bell

    1.73 miles

  • Dunkin' Donuts

    1.75 miles

  • Country Kitchen

    1.76 miles

  • Stater Bros.

    1.58 miles

  • Baron's

    1.65 miles

  • Barons

    1.66 miles

  • Albertsons

    1.95 miles

  • Ralphs

    3.24 miles

  • Stater Bros.

    3.87 miles

  • Stater Bros.

    4.36 miles

  • Barons Market

    4.54 miles

  • Kohl's

    4.78 miles

  • Albertsons

    4.79 miles

Contact 21535 Palomar Street