18550 Dexter Ave | Lake Elsinore, CA 92532
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
18550 Dexter Ave
Lake Elsinore, CA 92532
Retail Property For Sale
Investment Highlights
- TROPHY SINGLE-TENANT NNN LEASE WITH LA FITNESS - A True NNN Lease
- There are zero landlord maintenance obligations; tenant maintains all aspects of the property including roof, structure, utilities, insurance, etc.
- Although the property is adjacent to Walmart, the site is not subject to any use restrictions and/or CC&Rs
- Located in the primary retail corridor of Lake Elsinore with tremendous visibility from the 15 Freeway with traffic counts exceeding 125,000 CPD
- Operating at this location since 2005 and expressed continued commitment to this location, by signing a new 10-year lease extension
- At the contemplated strike price of $264 PSF, the property is priced significantly below replacement cost, providing an intrinsic value investment
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
45,460 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
4.24 AC
Zoning
C-2
Parking
228 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 377-090-042 | Improvements Assessment | $8,753,142 |
| Land Assessment | $2,171,220 | Total Assessment | $10,924,362 |
PROPERTY TAXES
Parcel Number
377-090-042
Land Assessment
$2,171,220
Improvements Assessment
$8,753,142
Total Assessment
$10,924,362
Learn More About Investing in Retail Properties
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
