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30155 - 30163 Haun Road - Town Center Marketplace, Menifee, CA

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30155 - 30163 Haun Road - Town Center Marketplace

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

(2.1 MB)

Property Type:Retail Sub Type:Health Club Status:Existing Year Built:2016
Building Size:18,440 SF Land Area:-
For Sale Price:$3,290,000 Price/SF:$178.42
Cap Rate:4.00 %
Parking:150 Surface spaces are available; Ratio of 3.45/1,000 SF

Sale Notes:
* High Credit Tenant 100% leased to an established credit tenant, Aldi, a leading global discount supermarket chain, providing the trade area with daily necessities

* Aldi has more than 10,000 locations in more than 18 countries, serving 32 million customers each month

* Fee Simple Ground Lease Corporate ground lease with Aldi, the most secure form of real estate lease, resulting in an effective rent well below current the market rate, no landlord obligations, and enhanced credit/income security

* Menifee Town Center Master Plan Located within the 95,531 SF Town Center Marketplace (TCM), the retail anchor of Menifee Town Center, a master plan including five distinct neighborhoods encompassing more than 850 residential dwellings, the city' s first movie theatre (Kirkorian 12-screen cinema), the city hall, and a new county courthouse
* Commercial Route Frontage 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
* Retail Hub Aldi is at the center of Menifee' s vibrant growing retail core that includes national tenants such as: Lowe' s, Target, Kohl' s, TJ Maxx, LA Fitness, Ralphs, Ross, CVS, PetSmart, Party City, ULTA, Sally Beauty, Active Ride Shop, El Pollo Loco, Chipotle, Applebee' s, In-N-Out, McDonalds, Krispy Kreme, Waba Grill, Habit Burger, Jimmy John' s, Sprint, Bright Now Dental, and others equating to a total of nearly 1,250,000 SF of high quality retail at the freeway intersection

* More than 117,000 people in a 5-mile radius with an Average Household Income exceeding $74,000

Phil D Voorhees
(949) 725-8521

Kirk Brummer
(949) 725-8418

John Read
(949) 725-8606

James Slusher
(949) 725-8507

Megan Wood
(949) 725-8423

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