retail diision - cassidy turley · 2016-04-27 · the plaa at menifee town center swc newport road...

THE PLAZA AT MENIFEE TOWN CENTERSWC NEWPORT ROAD & HAUN ROAD, MENIFEE, CA 92584

Retail Division

Andy Melzer +1 760 431 4205 [email protected] LIC #00865688

Mary-Kay Bier - Kidder Mathews +1 858 369 3038 [email protected] LIC #01406206

Retail: Retail: Office: Office: 1000 Aviara Parkway, Suite 100, Carlsbad, CA 92011

T: +1 760 431 4200 F: +1 760 454 3869

cushmanwakefield.com

Bruce Schiff, CCIM +1 760 431 4207 [email protected] LIC #01232733

Chad Iafrate, CCIM +1 760 431 4234 [email protected] LIC #01484290

DEVELOPMENT OPPORTUNITY• 10-14+ ACRE SHOPPING CENTER DEVELOPMENT• 8+ ACRE RETAIL, HOTEL, MEDICAL OFFICE DEVELOPMENT

This proposed entertainment and destination shopping center development will be the cornerstone of the Menifee Town Center Specific Plan. The Specific Plan is designed to create a landmark activity center featuring retail, commercial, residential and civic uses in the heart of Menifee, which is one of the fastest growing communities in California. At full build out, the Trade Area is projected to have over 500,000 people. Some of the key employment generators who have already committed to the Town Center Development, will be Menifee City Hall, the Riverside County Courthouse and the Santa Rosa Academy. This site is strategically located just west of the 215 Freeway on Newport Road and offers excellent accessibility to the surrounding residential communities of Menifee Valley, Sun City, Quail Valley, Canyon Lake and portions of Romoland.

Property Highlights

Traffic Counts• Interstate 215: 84,000 ADT• Newport Road: 48,500 ADT

1 MILE 3 MILES 5 MILES

Pop (2015) 10,264 64,619 115,618

AHH Income $65,988 $67,330 $71,093

Daytime Pop. 3,239 8,886 15,019

Demographics

Menifee

City Hall

Riverside

County

Courthouse

Theatre

8+ Acre Retail, Hotel, Medical

Office Development

Multi-

Family

UnitsSanta Rosa

Academy

HOMEMORTGAGE

10-14+ Acre Shopping

Center Development

Nearby Tenants

Coming Soon! 80,000 SF Krikorian Theatre12 screen cinema, 16 lane bowling alley and

Sports Bar & Grill!


Retail Division




T: +1 760 431 4200 F: +1 760 454 3869




Location Map

DISCLAIMER: This drawing is for general information purposes only. Any and all features, matters and other information depicted hereon or contained herein are for illustrative marketing purposes only, are subject to modification without notice, are not intended to be relied upon by any party and are not intended to constitute representations and warranties as to the size and nature of improvements to be constructed (or that any improvements will be constructed) or as to the identity or nature of any occupants thereof.

MENIFEE TOWN CENTER | MENIFEE, CAExclusive Offering Memorandum

Corona

RiversideEastvale

Chino Hills

Chino

Ontario

Rancho Cucamonga Fontana

Rialto

Jurupa

Lake Elsinore

Temecula

Menifee

French Valley

Winchester

Moreno Valley

Perris

San Bernardino

Redlands

Beaumont

Banning

San Jacinto

Hemet

Murrieta

Property OverviewREGIONAL LOCATION MAP

13 |

SUBJECTMenifee, CA

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. K:\_Retail Packages\Menifee Town Center\Flyers\menifee-town-center_flyer-cw.indd


Retail Division




T: +1 760 431 4200 F: +1 760 454 3869




Property Overview | Tentative Parcel Map

3

4

56a

MENIFEE TOWN CENTER MASTER PLANLEGEND:1. Neighborhood One 1a. Neighborhood 1 Product “A” 1b. Neighborhood 1 Product “B”2. Neighborhood Two3. Neighborhood Three4. Neighborhood Four5. Santa Rosa Academy6. Neighborhood Five 6a. Neighborhood 5 Product “A” 6b. Neighborhood 5 Product “B”7. Commercial Center8. Recreation Center and Daycare9. Urban Park10. Riverside County Courthouse11. Menifee City Hall12. 10-14+ Acre Shopping Center Devlopment Available13. Krikorian Entertainment Center14. 8+ Acre O�ce/Retail//Hotel Development Available15. Retail Center (Rich Development)16. Paloma Wash17. Countryside Retail Center18. Pedestrian Bridge

1b

2

7

8

9

10

11

16

17

18

1a

6b

15

14

12

13

17

NE

WP

OR

T RO

AD

NE

WP

OR

T RO

AD

HAUN ROAD HAUN ROAD

1. Neighborhood One 1a. Neighborhood 1 Product “A” 1b. Neighborhood 1 Product “B”2. Neighborhood Two3. Neighborhood Three4. Neighborhood Four5. Santa Rosa Academy6. Neighoborhood Five 6a. Neighborhood 5 Product “A” 6b. Neighborhood 5 Product “B”7. Commercial Center8. Recreation Center & Daycare9. Urban Park10. Riverside County Courthouse11. Menifee City Hall12. 10-14+ Acre Shoppping Center Development Available13. Krikorian Entertainment Center14. 8+ Acre Office/Retail/Hotel Development Available15. Retail Center (Rich Development)16. Paloma Wash17. Countryside Retail Center18. Pedestrain Bridge


Retail Division




T: +1 760 431 4200 F: +1 760 454 3869




Multi-FamilyResidential

NeighborhoodCenter

MovieTheater

Restaurants Shops

Regional County

Courthouse

CommercialCenter

MenifeeCityHall

Santa RosaAcademy

13*PotentiallyAvailable

2

19 18 17 16

Residential

Residential

UrbanPark

Property Overview | Tentative Parcel Map


Retail Division




T: +1 760 431 4200 F: +1 760 454 3869




AREA 12AREA 13

NEWPORT ROAD

A3,500 SF

B6,000 SF

C5,000 SF

D3,500 SFE

6,000 SF

F5,400 SF

MAJOR 120,000 SF

MAJOR 225,000 SF

MAJOR 335,000 SFMAJOR 4

10,000 SF

Sample Site Plan


Retail Division




T: +1 760 431 4200 F: +1 760 454 3869




Krikorian Premiere Theatres

±80,000 SF

*12 Movie Screens, 16 Bowling Lanes and Sports

Bar & Grill

In Escrow

PAD

17,

00

0 S

F

PAD 27,000 SF

TO

WN

CE

NTE

R D

RIV

E

NEWPORT ROAD

Sample Site Plan

AREA 12AREA 13


Retail Division




T: +1 760 431 4200 F: +1 760 454 3869




Krikorian Premiere Theatres

±80,000 SF

*12 Movie Screens, 16 Bowling Lanes and Sports

Bar & Grill

In Escrow

PAD

17,

00

0 S

F

PAD 27,000 SF

NEWPORT ROAD

T

OW

N C

EN

TER

DR

IVE

Sample Site Plan

AREA 12AREA 13


Retail Division




T: +1 760 431 4200 F: +1 760 454 3869




The Farm1,437 UnitsThe Farm

1,437 Units

30 Units30 Units

76 Units76 Units

Menifee ValleyRanch

4,063 Units

Menifee ValleyRanch

4,063 Units

Menifee ValleyTown Center1,147 Units

Menifee ValleyTown Center1,147 Units

Glenhurst488 UnitsGlenhurst488 Units

Echo Ridge115 Units

Echo Ridge115 Units

630 Units630 Units

175 Units175 Units

Ashton Hills168Units

Ashton Hills168Units

Lakes at Menifee988 Units

Lakes at Menifee988 Units

Nautical Cove242 Units

Nautical Cove242 Units

Menifee Heights411 Units

Menifee Heights411 Units193 Units193 Units

197 Units197 Units

126 Units126 Units

469 Units469 Units

116 Units116 Units

189 Units189 Units

95 Units95 Units

Cimmaron Valley537 Units

Cimmaron Valley537 Units

494 Units494 Units

229 Units229 Units

Canyon Cove460 Units

Canyon Cove460 Units

Audie Murphy Ranch2,137 Units

Audie Murphy Ranch2,137 Units

Pacific Palms856 Units

Pacific Palms856 Units

174 Units174 Units

SITESITE

1,100 Units1,100 Units144 Units144 Units350 Units350 Units

Canyon Lake5,325 SF Units

Proposed

Canyon Lake5,325 SF Units

Proposed

215

215

PechangaDevelopment

350,000Mixed-Use

Development

COMING SOONCOMING SOON

Aerial


Retail Division




T: +1 760 431 4200 F: +1 760 454 3869




Demographic and Income ProfileNewport Rd & Haun Rd, Menifee, California, 92584 2 Prepared by EsriNewport Rd & Haun Rd, Menifee, California, 92584 Latitude: 33.68506Ring: 1 mile radius Longitude: -117.17552

Summary Census 2010 2015 2020Population 9,815 10,264 11,073Households 3,780 3,907 4,166Families 2,716 2,802 2,993Average Household Size 2.59 2.62 2.66Owner Occupied Housing Units 2,834 2,839 3,005Renter Occupied Housing Units 946 1,068 1,161Median Age 39.7 40.8 39.6

Trends: 2015 - 2020 Annual Rate Area State NationalPopulation 1.53% 0.73% 0.75%Households 1.29% 0.74% 0.77%Families 1.33% 0.76% 0.69%Owner HHs 1.14% 0.61% 0.70%Median Household Income 3.49% 3.36% 2.66%

2015 2020 Households by Income Number Percent Number Percent

<$15,000 329 8.4% 328 7.9%$15,000 - $24,999 399 10.2% 323 7.8%$25,000 - $34,999 594 15.2% 527 12.7%$35,000 - $49,999 492 12.6% 478 11.5%$50,000 - $74,999 682 17.5% 671 16.1%$75,000 - $99,999 670 17.1% 885 21.2%$100,000 - $149,999 529 13.5% 661 15.9%$150,000 - $199,999 147 3.8% 204 4.9%$200,000+ 64 1.6% 87 2.1%

Median Household Income $53,661 $63,717Average Household Income $65,988 $74,913Per Capita Income $24,162 $27,087

Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent

0 - 4 596 6.1% 611 6.0% 680 6.1%5 - 9 623 6.3% 553 5.4% 587 5.3%10 - 14 730 7.4% 654 6.4% 614 5.5%15 - 19 728 7.4% 667 6.5% 606 5.5%20 - 24 630 6.4% 787 7.7% 745 6.7%25 - 34 1,066 10.9% 1,265 12.3% 1,777 16.0%35 - 44 1,160 11.8% 1,077 10.5% 1,078 9.7%45 - 54 1,263 12.9% 1,246 12.1% 1,086 9.8%55 - 64 1,007 10.3% 1,134 11.0% 1,319 11.9%65 - 74 1,057 10.8% 1,173 11.4% 1,305 11.8%75 - 84 715 7.3% 796 7.8% 938 8.5%

85+ 240 2.4% 301 2.9% 337 3.0%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 7,525 76.7% 7,649 74.5% 8,000 72.3%Black Alone 448 4.6% 489 4.8% 552 5.0%American Indian Alone 50 0.5% 53 0.5% 57 0.5%Asian Alone 406 4.1% 447 4.4% 533 4.8%Pacific Islander Alone 26 0.3% 30 0.3% 35 0.3%Some Other Race Alone 880 9.0% 1,036 10.1% 1,237 11.2%Two or More Races 480 4.9% 560 5.5% 658 5.9%

Hispanic Origin (Any Race) 2,651 27.0% 3,098 30.2% 3,744 33.8%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.

January 20, 2016

©2015 Esri Page 1 of 6

Demographic and Income ProfileNewport Rd & Haun Rd, Menifee, California, 92584 2 Prepared by EsriNewport Rd & Haun Rd, Menifee, California, 92584 Latitude: 33.68506Ring: 3 mile radius Longitude: -117.17552

Summary Census 2010 2015 2020Population 56,432 64,619 71,557Households 20,600 22,991 25,091Families 14,495 16,338 17,929Average Household Size 2.73 2.81 2.85Owner Occupied Housing Units 15,757 17,095 18,486Renter Occupied Housing Units 4,843 5,896 6,605Median Age 38.6 38.8 37.2



<$15,000 2,117 9.2% 2,208 8.8%$15,000 - $24,999 2,845 12.4% 2,429 9.7%$25,000 - $34,999 3,257 14.2% 2,999 12.0%$35,000 - $49,999 3,133 13.6% 3,128 12.5%$50,000 - $74,999 3,889 16.9% 4,048 16.1%$75,000 - $99,999 3,000 13.0% 4,016 16.0%$100,000 - $149,999 2,988 13.0% 3,762 15.0%$150,000 - $199,999 1,180 5.1% 1,681 6.7%$200,000+ 583 2.5% 819 3.3%



0 - 4 3,792 6.7% 4,376 6.8% 5,069 7.1%5 - 9 3,910 6.9% 4,236 6.6% 4,770 6.7%10 - 14 4,171 7.4% 4,321 6.7% 4,631 6.5%15 - 19 3,970 7.0% 4,010 6.2% 4,052 5.7%20 - 24 3,104 5.5% 4,131 6.4% 3,749 5.2%25 - 34 6,651 11.8% 8,329 12.9% 11,394 15.9%35 - 44 6,954 12.3% 7,737 12.0% 8,678 12.1%45 - 54 6,803 12.1% 7,379 11.4% 6,918 9.7%55 - 64 5,980 10.6% 7,155 11.1% 7,437 10.4%65 - 74 5,516 9.8% 6,746 10.4% 7,805 10.9%75 - 84 4,068 7.2% 4,308 6.7% 4,990 7.0%

85+ 1,511 2.7% 1,890 2.9% 2,063 2.9%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 40,773 72.3% 44,956 69.6% 47,989 67.1%Black Alone 3,154 5.6% 3,758 5.8% 4,302 6.0%American Indian Alone 434 0.8% 498 0.8% 553 0.8%Asian Alone 3,140 5.6% 3,892 6.0% 4,766 6.7%Pacific Islander Alone 233 0.4% 294 0.5% 354 0.5%Some Other Race Alone 5,847 10.4% 7,584 11.7% 9,234 12.9%Two or More Races 2,850 5.1% 3,637 5.6% 4,359 6.1%



January 20, 2016


Demographics


Retail Division




T: +1 760 431 4200 F: +1 760 454 3869




DemographicsDemographic and Income ProfileNewport Rd & Haun Rd, Menifee, California, 92584 2 Prepared by EsriNewport Rd & Haun Rd, Menifee, California, 92584 Latitude: 33.68506Ring: 5 mile radius Longitude: -117.17552

Summary Census 2010 2015 2020Population 101,784 115,618 127,251Households 35,106 38,938 42,305Families 25,553 28,525 31,100Average Household Size 2.89 2.96 3.00Owner Occupied Housing Units 27,014 29,107 31,343Renter Occupied Housing Units 8,092 9,832 10,962Median Age 36.8 36.9 35.8



<$15,000 3,321 8.5% 3,420 8.1%$15,000 - $24,999 4,364 11.2% 3,645 8.6%$25,000 - $34,999 4,950 12.7% 4,468 10.6%$35,000 - $49,999 5,559 14.3% 5,515 13.0%$50,000 - $74,999 6,774 17.4% 7,071 16.7%$75,000 - $99,999 5,129 13.2% 6,805 16.1%$100,000 - $149,999 5,333 13.7% 6,355 15.0%$150,000 - $199,999 2,325 6.0% 3,377 8.0%$200,000+ 1,184 3.0% 1,649 3.9%



0 - 4 7,315 7.2% 8,322 7.2% 9,555 7.5%5 - 9 7,563 7.4% 8,154 7.1% 9,119 7.2%10 - 14 7,804 7.7% 8,208 7.1% 8,822 6.9%15 - 19 7,367 7.2% 7,431 6.4% 7,682 6.0%20 - 24 5,767 5.7% 7,421 6.4% 6,708 5.3%25 - 34 12,662 12.4% 15,530 13.4% 20,380 16.0%35 - 44 13,168 12.9% 14,480 12.5% 16,478 12.9%45 - 54 12,799 12.6% 13,606 11.8% 12,792 10.1%55 - 64 10,255 10.1% 12,539 10.8% 13,058 10.3%65 - 74 8,541 8.4% 10,529 9.1% 12,127 9.5%75 - 84 6,122 6.0% 6,466 5.6% 7,398 5.8%

85+ 2,422 2.4% 2,933 2.5% 3,133 2.5%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 72,656 71.4% 79,467 68.7% 84,363 66.3%Black Alone 5,106 5.0% 6,115 5.3% 6,968 5.5%American Indian Alone 818 0.8% 926 0.8% 1,018 0.8%Asian Alone 5,297 5.2% 6,515 5.6% 7,917 6.2%Pacific Islander Alone 392 0.4% 491 0.4% 584 0.5%Some Other Race Alone 12,473 12.3% 15,788 13.7% 18,914 14.9%Two or More Races 5,041 5.0% 6,317 5.5% 7,487 5.9%



January 20, 2016


retail diision - cassidy turley · 2016-04-27 · the plaa at menifee town center swc newport road...

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