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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 (“HFF”)
A 100% OCCUPIED, MARKET-LEADING 292,470 SF GROCERY ANCHORED RETAIL
CENTER IN SOUTHERN CALIFORNIA
2
TO I-15 (1
77,000 V
PD)
YNEZ RD (39,200 VPD)
WIN
CHESTER RD (5
2,000 VPD)
EDWARDS THEATER
JAMES L. DAY MIDDLE SCHOOL
PROMENADE TEMECULA
MARGARITA RD (31,000 VPD)
2
3
As exclusive advisor, HFF is pleased to offer the opportunity to acquire The
Commons at Temecula (the “Property”), a 292,470 square-foot market-
leading retail center located in the affluent Southern California community of
Temecula, CA. The Commons at Temecula is anchored by a premier lineup of
national retailers, including Nordstrom Rack, Buy Buy Baby, Cost Plus World
Market, Ulta, Petco, DSW, Total Wine & More, and the specialty grocer Organic
Roots. Prominently located at one of the city’s busiest intersections along Hwy
79 and adjacent to the highly successful Promenade Temecula (1.1MM SF mall),
the Property benefits from an ideal location at the heart of Temecula’s primary
retail node. This outstanding mall-peripheral location commands exposure and
visibility to over 52,000 vehicles per day. 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.
Price: Best Offer
Address: 40400 Winchester Road
Temecula, California 92591
Occupancy: 100%
GLA: 292,470 square feet
Site Size: 18.12 acres
Parking: 1,406 spaces (4.80 per 1,000 SF)
Year Built: 2000
PROPERTY SUMMARY
THE OPPORTUNITY
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RARE TROPHY OFFERING
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 GROWTHThe Property provides stable, low risk cash flow with over
90% of the GLA occupied by national tenants. In addition,
the property offers significant income growth opportunity as
in-place anchor rents are more than 30% below market with
strong retailer demand for these spaces.
TOP TIER TENANCY AND RETENTION
Eight tenants, totaling over 44% of the GLA have been in
occupancy at the center for ten 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.
INVESTMENT HIGHLIGHTS
PREMIER NATIONAL TENANT LINEUP
The Commons at Temecula features a “who’s who” lineup of
today’s most popular national retailers.
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90% OF GLA OCCUPIEDBY NATIONAL
RETAILERS
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HIGH-PROFILE LOCATION IN PRIMARY RETAIL NODE Ideally situated at one of Temecula’s busiest intersections,
the Property enjoys a prominent location at the heart of
the trade area’s primary retail corridor. With extensive
frontage on Winchester Rd (52,000 vpd) and easy access
to Interstate 15 (177,000 vpd), The Commons at Temecula
enjoys a best-in-class retail location adjacent to the top
performing mall in the trade area – Promenade Temecula
(1.1M SF mall owned by Forest City).
TEMECULA DEMAND DRIVERS
DENSE, AFFLUENT, AND GROWING TRADE AREA
The Property 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 continue to attract
new residents, making it one of the fastest growing
communities in Southern California as demonstrated by
the projected population growth rate of 8%+ over the
next five years.
TRADE AREA DEMOGRAPHICS
1-MILE 3-MILE 5-MILE
2017 Population 13,195 94,010 189,810
2000-2017 Population
Growth157.1% 93.2% 99.4%
Avg. HH Income $87,001 $86,553 $92,186
24 MILLION MILLION
$696 MILLION
VISITORS 1TRAVEL SPENDING
HOTEL GUESTS A YEAR
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• 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 quality housing that is affordable relative
to coastal markets has made Temecula one of the fastest
growing cities in Southern California.
TEMECULA OVERVIEW
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TENANT ROSTER
SUITE TENANT SF001 Rock N Jennys 2,033
002 Leslie's Swimming Pool 3,505
003 FreeBirds World Burrito 2,575
004 Five Guys 3,335
005 Total Wine 22,308
005A DSW 19,026
006 buybuy Baby 28,897
007 Office Depot 25,127
008 Nordstrom Rack 35,700
009 Cost Plus World Market 18,000
010 Organic Roots Inc. 18,537
011 Jo Ann Fabrics 35,106
011A Ulta 11,446
012 GameStop 1,585
013 SoCal Games 3,224
014 Banner Mattress 5,660
015 Petco 15,961
016 Pacific Sales 28,445
017 Party City 12,000
TOTAL 292,470
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SITE PLAN
VE
RD
ES
LAN
E
2
14
5 6 7 89
10
11A11
12
13
151617
14
3
RING ROAD
WIN
CH
EST
ER
RO
AD
(52,00
0 V
PD
)
MARGARITA ROAD (31,000 VPD)
5A
P R O M E N A D E T E M E C U L A1 . 1 M S F R E G I O N A L M A L L
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GLEB LVOVICH Managing Director
CA Lic. # 01496699
tel 949.798.4115
JUSTIN KUNDRAK Director
CA Lic #01994398
tel 310.407.2145
KEVIN MACKENZIE Senior Managing Director
CA Lic. #01898953
tel 949.798.4126
BRYAN LEYManaging Director
CA Lic# 01458927
tel 310.407.2120
10250 Constellation BlvdSuite 1000
Los Angeles, CA 90067
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate
and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan
sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness
of such information. Any and all references to age, square footage, income, expenses, and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based
on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.
INVESTMENT SALES ADVISORS DEBT ADVISOR
