Chaparral Center Mixed-Use Asset for Sale | Old Town Temecula, CA ($14.5M)

The Chaparral Center at Old Town Temecula – Generational Mixed-Use Landmark Asset for Sale in Temecula, CA

Presenting a rare investment opportunity to acquire The Chaparral Center, a trophy mixed-use landmark property spanning an entire full city block of frontage along prestigious Old Town Front Street in Temecula, California (ZIP 92590). Comprising four distinct buildings totaling approximately 41,232 square feet of gross leasable area (GLA) situated on a generous 1.86-acre site, this generational asset is positioned in the epicenter of Southern California's premier historic destination district.

Offered at $14,500,000 ($351/SF) with an annual Net Operating Income (NOI) of $756,368 and a 5.22% Cap Rate, The Chaparral Center features a robust, highly diversified tenant mix spanning high-performing retail, dining, professional office, and service-oriented uses under Triple-Net (NNN) and Modified Gross lease structures.

Iconic Landmark Positioning & High-Performing Tenant Roster

• Full City Block of Frontage: Dominates a prime, high-visibility block at 28495, 28455, 28465, and 28475 Old Town Front Street, capturing maximum vehicle exposure and high-volume pedestrian foot traffic.

• Established Destination Anchors: Leased to popular local staples and culinary destinations, including Mad Madeline’s Grill, Texas Lil’s, Bottega Italia, and The Crafted Scone, alongside multiple professional office suites that provide well-balanced, resilient income streams.

• Significant Value-Add & Upside Potential: Historically high occupancy with embedded income growth potential through strategic lease rollover management, tenant mix optimization, and the lease-up of remaining vacancy.

• High Barriers to Entry: Extremely limited availability of historic core mixed-use assets within Old Town Temecula, creating long-term asset value preservation.

Unbeatable Location, Tourism Ecosystem & Regional Growth

• Heart of Old Town & Wine Country Hub: Situated in the vibrant center of Old Town Temecula, benefiting directly from the region's year-round tourism ecosystem driven by historic downtown events, boutique shopping, fine dining, and proximity to Temecula Valley Wine Country.

• Direct Proximity to Master-Planned Residential Development: Positioned within walking distance of the upcoming Altair master-planned community, which is set to deliver approximately 1,750 brand-new residential homes, adding thousands of daily pedestrian consumers directly to the trade area.

• Exceptional Freeway Visibility & Regional Access: Conveniently located near Interstate 15 (I-15), a major Southern California arterial carrying over 166,000 vehicles per day, connecting Temecula seamlessly to San Diego, Orange County, and the Inland Empire.

Property Specifications Summary

• Property Name: The Chaparral Center at Old Town Temecula

• Addresses: 28495, 28455, 28465, 28475 Old Town Front St, Temecula, CA 92590

• Offering Price: $14,500,000

• Cap Rate: 5.22%

• Net Operating Income (NOI): $756,368

• Gross Leasable Area (GLA): 41,232 SF (4 Buildings)

• Price Per Square Foot: $351 / SF

• Lot Size: 1.86 Acres

• Status: Under Contract

• Lease Structures: Triple-Net (NNN) & Modified Gross