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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)
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INVESTMENT HIGHLIGHTS
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Southern California Development Opportunity – Partially completed ±5.36-acre retail development with the opportunity to be divided into 3 parcels
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Major A: Existing -90% completed ±29,536 SF building- Anchor Tenant
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Major B: Approved, but not built, ±17,000 SF building- Junior Anchor
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Pad 1: Approved, but not built, ±8,700 SF building for pad GL or Shop Building
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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
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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
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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
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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
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FOR MORE
INFORMATION
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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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