21535 Palomar Street

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.