The Chaparral Center at Old Town Temecula | Trophy Asset | Full City Block of Frontage
28495, 28455, 28465, 28475 Old Town Front Street, Temecula, CA 92590
Price: $14,500,000
Status: Available
Cap Rate: 5.22%
Year Built:
NOI: $756,368
Lot Size: 1.86 acres
Price Per Foot: $351
Lease Type: Triple-Net (NNN) & Modified Gross
Remaining Term: Various
GLA: 41,232 sqft
Property Intro
The Chaparral Center at Old Town Temecula presents a rare opportunity to acquire a generational mixed-use landmark asset located along a full city block of frontage on Old Town Front Street in Temecula, California. The property consists of four buildings totaling approximately 41,232 square feet situated on 1.86 acres and is currently occupied by a diverse mix of retail, restaurant, office, and service-oriented tenants.
Positioned in the heart of Old Town Temecula, the property benefits from exceptional visibility, strong pedestrian traffic, and a well-established tourism ecosystem driven by the region’s historic downtown district and renowned Temecula Wine Country. The tenant roster includes popular local destinations such as Mad Madeline’s Grill, Texas Lil’s, Bottega Italia, The Crafted Scone, and numerous professional office users, providing diversified income streams and long-term stability. The asset has historically maintained strong occupancy and offers future upside through lease rollover, tenant mix optimization, and the lease-up of remaining vacancy.
The Chaparral Center is strategically positioned to benefit from Temecula’s continued economic and residential growth, including the nearby Altair master-planned community, which is expected to deliver approximately 1,750 new homes within walking distance of Old Town. The surrounding trade area features strong demographics, significant tourism spending, and convenient access to Interstate 15, which carries approximately 166,000 vehicles per day. With limited availability of comparable historic core properties, high barriers to entry, and a prominent location within one of Southern California’s premier destination districts, The Chaparral Center represents a unique long-term investment opportunity.