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Bob’s Discount Furniture

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Bob’s Discount Furniture

24440 Village Walk Place

Murrieta, CA 92562

Price:
$2,981,460
Cap Rate:
8.50%
NOI:
$253,424
Rentable SQFT:
30,624 SF
Year Built:
2006/2019
Lot Size:
2.82 Acres
Type of Ownership:
Leasehold Interest
Status:
Available

Investment Highlights

  • Established And Growing Tenant: 121 Locations In 18 States
  • Dominant Intersection With Strong Traffic Counts: 164,000+ VPD
  • Excellent Location In Village Walk Plaza – A 314,000 SF Shopping Destination 
  • Bob’s Furniture Generates Over $1B In Revenue Annually

Marcus & Millichap is pleased to present this rare opportunity to purchase a leasehold interest in a Bob’s Discount Furniture located with the Village Walk Plaza shopping center located in Murrieta, CA.  The offering is a 30,624-square-foot facility positioned next to Interstate 15 with excellent visibility to over 164,000 cars on all nearby roads. Village Walk Plaza is a 314,000 SF power retail center which is part of the Village Walk Master Plan that included Village Walk Square, a mixed-use office and commercial complex, and Grand Isle, a 453 unit age-restricted apartment complex. Anchor tenants include Guitar Center, Bed Bath & Beyond, Bev-Mo, Office Depot, Petco, Planet Fitness, David’s Bridal, and more.

This strategic location in one of the busiest retail hubs in Murrieta with unmatched access and visibility from Interstate 15. This dominant retail corridor is home to Kohls, Target, Best Buy, Home Depot, and Walmart, as well as numerous national restaurants. The subject property is located 7 miles from Temecula and 40 miles from Riverside.

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    The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NNN Fitness and distribution to any other person or entity without the express written consent of NNN Fitness is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NNN Fitness has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. NNN Fitness has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, NNN Fitness has not verified, and will not verify, any of the information contained herein, nor has NNN Fitness conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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For more information, please contact:

Mark Thiel

Senior Managing Director Investments

858-373-3206

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