OFFERING PRICE:
$7,750,000

TOTAL
BUILDING AREA:

±29,536 SF

APPROVED
BUILDING AREA:

±55,236 SF

TOTAL LAND AREA:
±233,482 SF
(±5.36 Acres)
FEATURED LISTING:
NEWPORT TOWNE CENTER PHASE II
NWQ Newport Road and Haun Road, Menifee, CA
INVESTMENT HIGHLIGHTS
 
Southern California Development Opportunity – Partially completed ±5.36-acre retail development with the opportunity to be divided into 3 parcels
 
» Major A: Existing -90% completed ±29,536 SF building- Anchor Tenant  
 
» Major B: Approved, but not built, ±17,000 SF building- Junior Anchor
 
» Pad 1: Approved, but not built, ±8,700 SF building for pad GL or Shop Building
 
Regional Retail Location – The opportunity will serve as the anchor to the greater Newport Towne Center, with a strong lineup of existing tenants including America’s Tire, Five Guys, Applebee’s and Circle K
 
Future Housing Growth – With the master planned developments of Menifee Town Center and Audie Murphy Ranch within the immediate neighborhood, and with over 50 new residential home developments expanding in the general trade area, it will add approximately 2,700 new homes increasing the Menifee residential population base by approximately 10,600 residents by 2025
 
Retail Demand – Per the City of Menifee, there is a retail sales leakage gap of more than $830 million to neighboring cities, which combined with a growing population desiring more amenities closer to home makes Menifee an unmatched opportunity for commercial development in Southern California
 
Freeway Proximate, Regional Accessibility – Newport Towne Center is ideally situated immediately adjacent to the Newport Road exit of the CA I-215 (±82,200CPD), one of the region’s busiest freeways providing access to Orange, San Diego and Inland Empire Counties. The property has signage rights to highly visible pylon sign fronting along the CA-215


CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST LOCAL MARKET
PRESTON FETROW
+1 949 725 8538
Lic. 00923282
preston.fetrow@cbre.com 
ERIC SHAIN
+1 949 809 3758
Lic. 02050566
eric.shain@cbre.com
REG KOBZI
+1 858 5464604
Lic. 00917639
reg.kobzi@cbre.com



THIS IS A MARKETING COMMUNICATION

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