Farmer Boys - Absolute NNN Ground Lease
Absolute NNN Ground Lease | Highly Affluent Area | Costco Anchored
Marketing description
Located on Clinton Keith Road (±27,000 VPD) with direct access to I-215 (±105,000 VPD), Farmer Boys features easy access, excellent visibility, and is strategically outparcel to a new construction Costco Wholesale. The property is well situated just south of Menifee, north and west of Temecula, east of Wildomar, with San Diego County bordering just miles to the south. The property is ideally situated in a new Costco Wholesale anchored center, with co-tenants including Chick-fil-A, Raising Cane’s, Aldi, Chipotle, Chase Bank, Starbucks, Quick Quack Car Wash, Accelerated Urgent Care, AT&T, Jamba Juice, and many more. The subject property is located in southwest Riverside County in the city of Murrieta, which is consistently rated the most affluent and safest city in Riverside County and has one of the largest year-over-year population growth percentages of any city in California. Farmer Boys benefits from a strong retail trade area with many national retailers including Target, Tractor Supply, CVS, Dollar Tree, Bank of America, Jack in the Box, Del Taco, In-N-Out, and McDonald’s. Numerous schools are located nearby with strong student populations including University of California, Riverside (±22,000 students), Riverside City College (±20,600), California State University, San Marcos (±14,000 students), Vista Murrieta High School (±3,500 students), Murrieta Mesa High School (±2,500 students), and Murrieta Valley High School (±2,250 students).
Murrieta is a city in southwestern Riverside County, California. Murrieta experienced a 133.7% population increase between 2000 and 2010, making Murrieta one of the fastest-growing cities in the state. Murrieta is the safest city in Riverside County, and in 2009, Murrieta was listed as the second-safest city (over 100,000 in population) in the United States, behind Irvine, California. Largely residential in character, Murrieta is typically characterized as a bedroom community. Murrieta is bordered by the city of Temecula to the south, the cities of Menifee and Wildomar to the north, and the unincorporated community of French Valley to the east.
Investment highlights
- New 2021 Construction with Drive Thru – 15 Years Remaining on the Original 20-Year Absolute NNN Ground Lease in Southwest Riverside County Featuring 10% Rental Increases every Five Years and Each Option | Farmer Boys, a Privately Held Company Headquartered in Riverside, CA, has over over 100 locations in California, Nevada, and Arizona
- Features Easy Access and Excellent Visibility on Clinton Keith Road to Over 27,000 Vehicles Per Day | Direct Access to I-215, the Escondido Freeway, which Boasts Daily Traffic Counts of 105,000 Vehicles Per Day | Just Miles from I-15, the Corona Freeway, which Boasts Daily Traffic Counts in Excess of 132,000 Vehicles Per Day.
- Strong Retail Corridor -- Outparcel to a Costco Wholesale Anchored Center | Strong Retail Synergy with Co-tenants including Aldi, AutoZone, Starbucks, Quick Quack Car Wash, Raising Cane’s, Chipotle, Chick-fil-A, Chase Bank, and many more | Across I-215 from The Orchard at Stone Creek which includes a Super Target, Tractor Supply, Dollar Tree, Bank of America, Arco, Verizon Wireless, and many more.
- Excellent Centralized Location - Directly Across Clinton Keith Road from Vista Murrieta High School (Over 3,500 Students) | Surrounding cities include Menifee to the north, Temecula to the South and East, Wildomar to the West - the San Diego County boarder is just south of Temecula, and the site benefits from seamless regional access provided by the Interstates 15 (I-15), the Corona Freeway, and 215 (I-215), the Escondido Freeway.
- Numerous Schools Nearby with Strong Student Populations Including University of California, Riverside (±22,000 students), Riverside City College (±20,600 students), California State University, San Marcos (±14,000 students), Vista Murrieta High School (±3,500 students), Murrieta Mesa High School (±2,500 students), Murrieta Valley High School (±2,250 students), and many more.
- Features Dense Population and Highly Affluent Area - Nearly 82,000 people reside in a three-mile radius, over 213,000 in a five-mile radius, and an impressive average household income of $156,000 per year and $140,000 per year in a one-mile radius and three-mile radius, respectively.
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