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30139 - 30143 Haun Road - Town Center Marketplace - Town Center Marketplace, Menifee, CA

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30139 - 30143 Haun Road - Town Center Marketplace - Town Center Marketplace

SWC of Newport Rd. & Haun Rd.
Menifee, CA 92584-8003 - South Riverside Submarket

(2.1 MB)

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:2016
Building Size:42,020 SF Land Area:-
For Sale Price:$15,505,000 Price/SF:$368.99
Cap Rate:5.00 %

Sale Notes:
* Trophy Asset Brand new, 100% leased to a first tier tenant line up including Party City, PetSmart, Active Ride Shop, America' s Best Contacts and Eyewear, Sports Clips and others

* Menifee Town Center Master Plan Located within the 95,531 SF Town Center Marketplace (TCM), the retail anchor of Menifee Town Center, a 172-acre master planned community including five distinct neighborhoods encompassing more than 850 residential dwellings, the city' s first movie theatre (Kirkorian 12-screen cinema), a new city hall, and a new county courthouse

* High Credit Tenancy 37,232 SF (89%) of the property is leased to national or regional credit tenants

* Long Anchor Lease Terms Approximately 80% of the GLA, including Party City, PetSmart, Active Ride Shop and America' s Best Contacts and Eyewear have remaining lease terms of 10 years or more
* Desirable Freeway Adjacent Location Freeway adjacent and well accessed by the I-215 (97,497 cars per day) and part of Town Center Marketplace, which boasts more than 1,100 linear feet of frontage along Haun Road and 550 linear feet along Newport Road including 4 points of entry into the property

* High Population Growth Since 2010, the city of Menifee' s population has grown by approximately 15%, and is projected to grow an additional 10% through 2021

Phil D Voorhees
(949) 725-8521

Kirk Brummer
(949) 725-8418

John Read
(949) 725-8606

Jimmy Slusher
(949) 725-8507

Megan Wood
(949) 725-8423

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