41529-41539 Kalmia St
Murrieta, CA 92562
Retail Property For Sale

Kalmia Plaza is a 31,837 SF multi-tenant retail strip center, 93% leased to a synergistic mix of sixteen (16) restaurant, retail and service tenants. This high-quality retail strip center was built in 2006, with a traditional site plan at the signalized intersection of Jefferson Avenue and Kalmia Street (over 30,000 cars per day). The properties strategic location takes full advantage of the close proximately to the I-15 Freeway and is located immediately across the street from Murrieta City Hall. Kalmia Plaza presents a rare opportunity to purchase a “value-add” retail center in one of the Inland Empire’s more affluent trade areas, with immediate upside through vacant space lease-up. Incorporated in 1991, Murrieta has a population of over 113,000 residents and has experienced a growth of over 200% within the last 20 years making it one of the fastest growing communities in the state of California. Largely residential in character, Murrieta is characterized as a commuter town with many of its residents working in; San Diego County, Orange County, Los Angeles County, Temecula, and Camp Pendleton. Murrieta is an affluent community with a quarter of the households reporting an average household income of $100,000 a year and higher. This puts Murrieta ahead of the entire state of California, currently averaging around $83,000 a year.