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OFFERING PRICE:
$3,239,000
TOTAL BUILDING AREA:
±12,596 SF
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INVESTMENT HIGHLIGHTS
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Brand New NNN Lease – Newly executed 5-year NNN lease (expiring in 2026) and 2019 construction, virtually eliminates near-term leasing responsibility and associated capital costs, given the new structure of the property and the tenant’s responsibility to maintain and repair the building – Landlord is responsible for roof and structure
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Local Chain Specialty Retailer – Established in 1998, In The City Beauty Supply is a local chain, premier distributor and specialty retailer that offers professional beauty products to both retail consumers and salon professionals locally and nation-wide
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New Construction Grocer Anchored Shopping Center – In the City Beauty Supply joins anchors Barons Market and LA Fitness in opening the brand-new Menifee Lakes Plaza, completed in 2018-2019, the approximately 138,000 SF shopping center includes regional and national tenants such as Raising Cane’s, Kahoots Pet and Feed, Bright Now Dental, Blaze Pizza, Schools First Credit Union, Firehouse Subs, Coffee Bean & Tea Leaf, Chevron and Cafe Rio, to name a few
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More than 71,200 people in a 3-mile radius with an Average Household Income exceeding $90,700 |
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
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FOR MORE
INFORMATION
PLEASE CONTACT:
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THIS IS A MARKETING COMMUNICATION
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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All of CBRE's COVID-19 related materials have been developed with information from the World Health Organization, the Centers for Disease Control & Prevention (and similar global organizations), public health experts, industrial hygienists, and global subject matter experts across CBRE and our strategic suppliers. Our materials may not be suitable for application to all facilities or situations.
Ultimately, occupiers and landlords must make and implement their own reopening decisions for their individual stakeholders and facilities. CBRE's guidance is intended to help facilitate those discussions and expedite the implementation of those decisions once made by the client. We make no representations or warranties regarding the accuracy or completeness of these materials. CBRE cannot ensure safety and disclaims all liability arising from use of these materials.
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