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FOR LEASE OR REDEVELOPMENT SIGNALIZED INTERSECTION 94,670 CARS PER DAY 29363 RANCHO CALIFORNIA ROAD TEMECULA, CA GATEWAY TO TEMECULA WINE COUNTRY WITH 2.7M VISITORS PER YEAR

29363 - LoopNet€¦ · HOMES) TEMECULA WINE COUNTY ±40 WINERIES. TRAFFIC COUNTS. Rancho California Road ±58,520 CPD. ... Temecula remains the ideal city for relocating, ... in

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Page 1: 29363 - LoopNet€¦ · HOMES) TEMECULA WINE COUNTY ±40 WINERIES. TRAFFIC COUNTS. Rancho California Road ±58,520 CPD. ... Temecula remains the ideal city for relocating, ... in

FOR LEASE OR REDEVELOPMENT

SIGNALIZED INTERSECTION

94,670 CARS PER DAY

2 9 3 6 3RANCHO CALIFORNIA ROAD

TEMECULA, CA

GATEWAY TO TEMECULA

WINE COUNTRY WITH

2.7M VISITORS PER YEAR

Page 2: 29363 - LoopNet€¦ · HOMES) TEMECULA WINE COUNTY ±40 WINERIES. TRAFFIC COUNTS. Rancho California Road ±58,520 CPD. ... Temecula remains the ideal city for relocating, ... in
Page 3: 29363 - LoopNet€¦ · HOMES) TEMECULA WINE COUNTY ±40 WINERIES. TRAFFIC COUNTS. Rancho California Road ±58,520 CPD. ... Temecula remains the ideal city for relocating, ... in

PROPERTY FACTS

Property Address 29363 Rancho California Road, Temecula, CA, 92591

Year Built 1999

Construction Type Wood Frame

Total Building Area ±8,556 SF

Number of Buildings 1 Retail Restaurant

Parking 88 Stalls; 3 Handicap StallsRatio of 10/1,000 SF

Land Area 65,776 SF 1.51 Acres

Parcel Number 944-330-011

Zoning Highway/Tourist Commercial (HT) Other uses include:RestaurantsHotelsOfficeBanks & Financial InstituionsDrug StoresFull Range of Medical Uses

Density FAR of .3 with intensity bonus up to 1.0

5

Page 4: 29363 - LoopNet€¦ · HOMES) TEMECULA WINE COUNTY ±40 WINERIES. TRAFFIC COUNTS. Rancho California Road ±58,520 CPD. ... Temecula remains the ideal city for relocating, ... in

YN

EZ R

OA

D (±

36,15

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RANCHO CALIFORNIA ROAD (±58,520 CPD)

±181

,000

CPD

6

7

Page 5: 29363 - LoopNet€¦ · HOMES) TEMECULA WINE COUNTY ±40 WINERIES. TRAFFIC COUNTS. Rancho California Road ±58,520 CPD. ... Temecula remains the ideal city for relocating, ... in

TEMECULA VALLEY

CHAMBER OFCOMMERCE

BELVISTA(ATTACHED

RESIDENTIAL)

TEMECULAGARDENS

(±400 UNITS)

TEMECULADUCK POND

FUTURERANCHO

HIGHLANDS(±15-ACRE

MULTI-FAMILYDEVELOPMENT)

NICOLAS HEIGHTS

(±83 SINGLE-FAMILY HOMES)

TEMECULAWINE

COUNTY±40

WINERIES

TRAFFIC COUNTS

Rancho California Road ±58,520 CPD

Ynez Road ±36,150 CPD

I-15 Freeway ±181,000 CPD

4,657

3,050

1,500

1,500

995

800

682

672

600

450

TEMECULA VALLEYLARGEST EMPLOYERS

NUMBER OFEMPLOYEES

TRAVEL SPENDING

$712MAVG HOTEL

OCCUPANCY

79%VISITORSPER YEAR

2.7MRETAIL SALES

TOP 6%IN CA

RANCHO CALIFORNIA ROAD (±58,520 CPD)

YNEZ RO

AD (±36,150 CPD)

9

Page 6: 29363 - LoopNet€¦ · HOMES) TEMECULA WINE COUNTY ±40 WINERIES. TRAFFIC COUNTS. Rancho California Road ±58,520 CPD. ... Temecula remains the ideal city for relocating, ... in

M A R K E T O V E R V I E W

TEMECULA, CA:

»» The City of Temecula is well known for its championship golf courses, a climate perfect for serene and beautiful hotair ballooning adventures, and award-winning wineries nestled in 3,000 acres of picturesque wine country. Between 2000-2016, the total population of the City of Temecula grew to nearly 110,000. During this 16- year period, the City’s population growth rate of 89 percent was higher than the Riverside County rate of 51.9 percent.

»» Temecula Valley is the premiere winemaking region in Southern California. Over the last decade, the number of wineries in Temecula Valley Southern California Wine Country has doubled and more new wineries are in the planning stages.

»» Rated one of the top twenty least expensive cities to do business in California by the Kossmont-Rose Institute, Temecula remains the ideal city for relocating, expanding, and developing new business in Southern California.

»» The city is a prominent tourist destination, with the Temecula Valley Wine Country, Old Town Temecula, the Temecula Valley Polo Club, the Temecula Valley Balloon & Wine Festival, and the Temecula Valley International Film Festival. Old Town Temecula is the site of many special events including car shows, semi-annual Rod Runs, Western Days, and summer weekend entertainment.

»» In addition to the tourism sector, the educational, leisure, professional, finance, and retail sectors contribute to the city’s economy. Retail sales in Temecula are strong, with per capita retail sales ranking in the top 10% of California. As a result, in 2017 new quality retailers are entering the Temecula marketplace such as Total Wine & More, DSW, and Jared the Galleria of Jewelry. Target at Temecula Town Center is undergoing a 11,508 SF expansion and exterior renovation.

»» In 2017, Temecula has embarked on major development throughout the city. The Uptown Temecula region, planned with mixed use buildings where technology, parks, and urban living will meld together, has caught the attention of the tourism sector. Several new hotels are proposed in the area, totaling over 300 rooms, including:

»» Staybridge Suites - 4 stories, 125 rooms »» Old Town Hotel - 151 rooms, luxury hotel

»» Hilton Garden Inn - 3 stories, 104 rooms »» Pechanga Hotel & Resort - $285M expansion, now open with 1,090 rooms»» Home2 Suites - 4 stories, 120 suites

»» In 2016-2017, Temecula had the highest amount of jobs created in its history, partially due to a high rate of commercial and medical office development. When it comes to industrial space, in 2017 Temecula had 250,000 SF of industrial space in the pipeline.

For more Information, please visit: www.cityoftemecula.org, Southern California Association of Governments 2017 Local Profiles Report

RIVERSIDE COUNTY:

»» With a current population of over 2.3 million it is the fourth most populous county in California and 11th most in the nation. It has also been among the fastest-growing areas of the United States during the past fifty years.

»» Riverside County is a diverse region filled with both businesses and residences. As a central location to all of Southern California, the county offers affordable housing and easy access to outside markets allowing its citizens to work both inside and outside the county limits.

»» Riverside County is a proven trade area. With a county government that is business friendly and a location that is favorable to all Southern California markets, the region is an excellent choice for new and existing businesses. With a daytime working population of 779,078, the area offers a strong job base and a diverse workforce.

»» Riverside County is home to multiple company headquarters such as Monster Beverages, West Coast Customs, Farmer Boys, Altura Credit Union, K&N Engineering, The Press-Enterprise, SpeakerCraft, and Xenos Books, to name a few.

For more information please view: http://www countyofriverside.us/and https://en.wikipedia. org/wiki/Riverside_County,_ California

TEMECULA TOP ATTRACTIONS

»» Temecula Valley Wine Country

»» Wine & Balloon Festival

»» Old Town Temecula

»» Pechanga Resort & Casino

TEMECULAHOME VALUE

$450,800

SAFESTCITIES IN

THE NATION

#15

BEST CITIES TO START A

FAMILY

#23

BEST PLACE TO LIVE IN

CALIFORNIA

#3

RIVERSIDE COUNTY

HOME VALUE

$361,100

TEMECULAHOME VALUES

25% HIGHER

10

11

Page 7: 29363 - LoopNet€¦ · HOMES) TEMECULA WINE COUNTY ±40 WINERIES. TRAFFIC COUNTS. Rancho California Road ±58,520 CPD. ... Temecula remains the ideal city for relocating, ... in

DEMOGRAPHIC COMPREHENSIVE:

1 MILE 3 MILES 5 MILES

PLACE OF WORK

2017 Businesses 1,319 4,530 6,7232017 Employees 12,407 46,830 71,683

POPULATION

2017 Population - Current Year Estimate 15,570 65,536 162,2672022 Population - Five Year Projection 16,900 69,692 174,0372010 Population - Census 13,750 60,558 147,3282000 Population - Census 12,095 44,398 86,9472010-2017 Annual Population Growth Rate 1.73% 1.10% 1.34%2017-2022 Annual Population Growth Rate 1.65% 1.24% 1.41%

AGE

2017 Median Age 31.90 34.50 34.40

HOUSEHOLDS

2017 Households - Current Year Estimate 5,539 22,193 51,0302022 Households - Five Year Projection 5,985 23,510 54,4392010 Households - Census 4,913 20,523 46,7372000 Households - Census 4,264 14,507 27,4922010-2017 Annual Household Growth Rate 1.67% 1.08% 1.22%2017-2022 Annual Household Growth Rate 1.56% 1.16% 1.30%2017 Average Household Size 2.81 2.95 3.16

HOUSEHOLD INCOME

2017 Average Household Income $70,419 $92,115 $100,8582022 Average Household Income $80,106 $104,183 $114,7042017 Median Household Income $50,057 $74,112 $82,6422022 Median Household Income $52,706 $80,878 $90,7012017 Per Capita Income $25,254 $31,036 $31,7932022 Per Capita Income $28,631 $34,939 $35,906

HOUSING UNITS

2017 Housing Units 6,045 23,530 53,7032017 Vacant Housing Units 506 8.4% 1,337 5.7% 2,673 5.0%2017 Occupied Housing Units 5,539 91.6% 22,193 94.3% 51,030 95.0%2017 Owner Occupied Housing Units 1,872 31.0% 13,308 56.6% 34,639 64.5%2017 Renter Occupied Housing Units 3,667 60.7% 8,885 37.8% 16,391 30.5%

POPULATION

162,267

HOUSEHOLDS

51,030MEDIAN AGE

34.4EMPLOYEES

71,683

BUSINESSES

6,7235 MILE

RADUIS

AVERAGEHOUSEHOLD

INCOME

$100,858

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F L O O R P L A N16

17

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2 9 3 6 3RANCHO CALIFORNIA ROAD

TEMECULA, CA

© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections,

opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a

careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of

CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_April2018

FOR MORE INFORMATION:

REG KOBZI Investment Properties | Retail Services Lic. 00917639+1 858 546 4604 [email protected]

KELLY MURPHYRetail Specialty / Market AdvisorLic. 00894640+1 909 418 [email protected]