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Market-Leading Retail Center for Sale in Temecula, California

Monday, November 06, 2017

Retail center for sale in TemeculaHolliday Fenoglio Fowler, L.P., (HFF) is exclusively marketing for sale the Commons at Temecula, a 292,470-square-foot market-leading retail center located in the affluent Southern California community of Temecula. The fully leased retail property for sale is anchored by a premier lineup of national retailers, including Nordstrom Rack, Total Wine & More, Ulta Beauty, Buy Buy Baby, Cost Plus World Market, Petco, DSW and the local favorite specialty grocer, Organic Roots. The Commons at Temecula offers investors the opportunity to acquire a best-in-class, dominant retail center with embedded NOI growth in a highly desirable Southern California location.

Prominently located at 40400 Winchester Road at one of the city’s busiest intersections along Highway 79, the retail property for sale is adjacent to the highly successful 1.1 million-square-foot Promenade Temecula, which acts as the Town Center with retailers that include Apple, Williams-Sonoma, Pottery Barn, Lululemon, Tesla, AMC, Yardhouse and more. The Commons at Temecula benefits from an ideal location at the heart of Temecula’s primary retail node. This outstanding mall-peripheral location commands exposure and visibility to more than 52,000 vehicles per day.

Temecula is famous for its world-class wineries, beautiful scenery, renowned golf courses and California’s largest casino, the Pechanga Resort and Casino. Recognized as one of California’s most active wine regions, the Temecula Valley is home to more than 1,300 production acres and more than 30 vineyards, many of which offer on-site restaurants and tasting rooms. The city of Temecula boasts an average household income in excess of $95,000, significantly above national averages. The area is home to a growing cluster of prominent medical distribution/supply and biotech companies that have been attracted to the community’s highly skilled labor force and exceptional quality of life. The top-notch school systems; attractive lifestyle; close proximity to San Diego, Los Angeles and Orange Counties; and availability of affordable quality housing relative to coastal markets has made Temecula one of the fastest-growing cities in Southern California.

Retail Center for Sale Investment Highlights

  • Southern California Retail Center for SaleRare Trophy Offering:  This is an exceptionally rare opportunity to acquire a dominant Southern California regional center anchored by top-notch national retailers and a specialty grocer. The property is an institutionally owned asset that is surrounded by other institutional and REIT owners.
  • Secure Cash Flow with NOI Growth Along with Top-Tier Tenancy and Retention:  The retail property for sale provides stable, low risk cash flow with more than 90 percent of the GLA occupied by national tenants. In addition, the center offers significant income growth opportunity as in-place anchor rents are more than 30 percent below market with strong retailer demand for these spaces. Eight tenants, totaling over 44 percent of the GLA, have been in occupancy at the center for 10 years or longer. This longevity combined with the quality of new tenants that have been attracted to the center demonstrates the desirability of this location for tenants as a premier retail destination.
  • Dense, Affluent and Growing Trade Area:  The Commons at Temecula boasts exceptional demographics with average incomes in excess of $87,000 in a one mile radius and a population of more than 189,000 within a five-mile radius. Temecula’s high quality of life, excellent school system, convenient location between employment centers in Orange County and San Diego and affordable luxury housing stock continues to attract new residents and makes it one of the fastest-growing communities in Southern California; the projected population growth rate is more than eight percent over the next five years.
  • High-Profile Location in Primary Retail Node:  Ideally situated at one of Temecula’s busiest intersections, this commercial real estate listing benefits from a prominent location at the heart of the trade area’s primary retail corridor. With extensive frontage on Winchester Rd (52,000 vehicles per day) and easy access to Interstate 15 (177,000 vehicles per day), The Commons at Temecula enjoys a best-in-class retail location adjacent to the top-performing mall in the trade area – Promenade Temecula.

Commons at Temecula Total Wine and MoreThe Commons at Temecula offers investors the opportunity to acquire a rare trophy offering with top tier tenancy and retention in a high-profile location in a primary retail node that is part of a dense, affluent and growing trade area. For more information on this commercial property or other retail properties for sale, please contact Bryan Ley or Gleb Lvovich in HFF’s Los Angeles and Orange County offices. Click here for our real estate investment sales search page to view other commercial properties for sale.

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker Licensed with the California Department of Real Estate, License Number 01385740.

 





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