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WILDOMAR RETAIL CENTER

22812 PALOMAR STREET | WILDOMAR, CA 92595

A NET LEASED OFFERING

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100% LEASED RETAIL CENTER22812 PALOMAR RD | WILDOMAR, CA

$2,749,000

PRICE

LEASABLE SF

9,617 SF

LEASE EXPIRATIONS:

ANGEL VIEW10/31/2023

SNS NAILS3/31/2022

TRIBE SALON7/31/2022

ALL NEWER LEASES WITH OPTIONS

ANNUAL INCREASES FOR ALL THREE TENANTS

STRONG DAYTIME TRAFFIC

THE PROPERTY IS IN A FAST GROWING TRADE AREA WITH STRONG DEMOS

$95,0000 + HOUSEHOLD INCOME

BUILT

2008SHOPPING CENTER PARKING

65 (6.78/1,000 SF)

LAND AREA

1.51 ACLEASE TYPE

ABSOLUTE NNN

6.24%CAP

OVERVIEW

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INVESTMENT HIGHLIGHTS CONTACT THE TEAM

NICK CORBELLncorbell@leetemecula.comP: 951.445.4522DRE # 01932821

NICK EARLEnearle@leetemecula.comP: 951.445.4528DRE # 1916982

THE OFFERING is a 3-Tenant retail building in Wildomar, CA with new absolute NNN leases in place featuring zero Landlord management or maintenance expenses. It is located on a signalized corner featuring excellent visibility along Clinton Keith Blvd., with over 18,000+ VPD. The subject property is located in a Rite Aide anchored center and is the only drugstore anchored center in the immediate vicinity.

THE SUBJECT PROPERTY is located in Wildomar, California, which is an incorporated City within Riverside County, California boasting a median income of over $77,000 and a population of over 36,000 in 2016. Wildomar is the home of the Inland Valley Medical Center and several residential housing projects that are in various stages of City approval and development with the median home price at ±$406,600.

No warranty or representation has been made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. Lee & Associates Commercial Real Estate Services, Inc. - Riverside. 25240 Hancock Avenue, Suite 100 - Murrieta, CA 92562 | Corporate ID# 01048055

BRIAN BIELATOWICZbbielatowicz@leetemecula.comP: 951.445.4515DRE # 01269887

WASHINGTON AVE

KA

LMIA

ST

JEFFERSON AVE

15

NUT

MEG

ST

CLINTO

N KEIT

H RD

JACKSON AVECAL O

AKS RD

WILDOMARRETAIL

CENTER

PALOMAR ST

BEARCREEK

THEBARN

BEARVALLEYPLAZA

COLECANYON

MURRIETAVALLEY

H.S.

MURRIETAMESAH.S.

E. HALECURRAN

E.S.

SHIEVELAM.S.

MURRIETAE.S.

THOMPSONM.S.

SANTA ROSAAPARTMENTS

OAK SPRINGSRANCH

APARTMENTS

KALMIAPLAZA TOWN

SQ.

OLIVEWOOD

GRANDISLE SENIOR

HOMES

HANCOCK AVE

INLANDVALLEY

MEDICALCENTER

16,000CPD

131,000CPD

7,000CPD

10,000CPD

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AERIAL

WILDOMARRETAIL

CENTER

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“THE CITY OF WILDOMAR WILL BE A SAFE AND ACTIVE COMMUNITY, RESPONSIBLY GROWN, WITH QUALITY INFRASTRUCTURE WHILE KEEPING A HOMETOWN FEEL”

THE INLAND EMPIRE is a metro area east of Los Angeles and composed of Riverside County and San Bernardino County. The Inland Empire is one of the fastest growing regions in California with over 4.5 million residents and a job market projecting positive growth between 2016-2026.

WILDOMAR Wildomar is a city in Riverside County, California, United States. It was incorporated on July 1, 2008.[1] The city is located in a fast-growing area. As of the 2010 census, the population of Wildomar was 32,176, an increase from 14,064 at the 2000 census, when the community was still an unincorporated census-designated place.

RIVERSIDE is a city in Riverside County, California, United States, located in the Inland Empire metropolitan area. Riverside is the county seat of the eponymous county and named for its location beside the Santa Ana River. It is the most populous city in the Inland Empire and in Riverside County, and is located about 55 miles (89 km) east of downtown Los Angeles

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RETAILERS IN CLOSE PROXIMITY INCLUDE:

BUSINESS SUMMARY

SUBMARKET OVERVIEW

7-ELEVEN

ARCO

BARONS MARKET

BEAN COFFEE ROASTERS

CHASE BANK

DEL TACO

DENNY’S

DUNKIN DONUTS

EL POLLO LOCO

FARMERS INSURANCE

FITNESS 19

GREAT CLIPS

JACK IN THE BOX

MCDONALD’S

PANDA EXPRESS

SHELL

SPRINT

TACO BELL

THE HABIT

YELLOW BASKET

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TOTAL 1-MILE 3-MILES 5-MILES

BUSINESSES 336 1,138 3,226

EMPLOYEES 2,343 7,689 25,714

RESIDENTIALPOPULATION

6,888 60,535 123,796

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INCOME & EXPENSE

PRICE $2,749,000

Price Per Square Foot: $285.85

Capitalization Rate: 6.24%

Total Rentable Area (SF): 9,617

STABILIZED INCOME PER SQUARE FOOT

Scheduled Rent See full offering memorandum for detailsEffective Gross Income

LESS PER SQUARE FOOT

Taxes Tenant Paid

Insurance Tenant Paid

Total Operating Expenses Tenant Paid

TOTAL LANDLORD EXPENSES $0.00 $0

EQUALS NET OPERATING INCOME See full offering memorandum for details

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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RENT ROLL

ANGEL VIEW: ±6,345 SF11/01/2018 – 10/31/2019

See full offering memorandum for

details

11/01/2019 – 10/31/2020

11/01/2020 – 10/31/2021

11/01/2021 – 10/31/2022

11/01/2022 – 10/31/2023

ONLY SNS NAILS: ±1,580 SF04/01/2019 – 03/31/2020

04/01/2020 – 03/31/2021

04/01/2021 – 03/31/2022

04/01/2022 – 03/31/2023

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

One (1) Sixty (60) month option FMV but not to be less than 103% of the immediately preceding month’s base annual Rental Rate with 3% annual increases thereafter.

This Angel View location has the highest average donations of all locations in the region.

TRIBE SALON: ±1,692 SF08/01/2018 – 07/31/2019

See full offering memorandum for

details

08/01/2019 – 07/31/2020

08/01/2020 – 07/31/2021

08/01/2021 – 07/31/2022

4% annual increases throughout initial term and 3% annual increases throughout the option term.

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LEASE ABSTRACT

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LEASE PROVISIONS

PREMISE & TERM

RENTBASE RENT

ANGEL VIEW:

DATE RANGE MONTHLY RENT

ANNUAL RENT

11/01/2018 – 10/31/2019

See full offering memorandum for details

11/01/2019 – 10/31/2020

11/01/2020 – 10/31/2021

11/01/2021 – 10/31/2022

11/01/2022 – 10/31/2013

BASE RENT

ONLY SNS NAILS:

DATE RANGE MONTHLY RENT

ANNUAL RENT

04/01/2019 – 03/31/2020

See full offering memorandum for details

04/01/2020 – 03/31/2021

04/01/2021 – 03/31/2022

04/01/2022 – 03/31/2023

BASE RENT

TRIBE SALON:

DATE RANGE MONTHLY RENT

ANNUAL RENT

08/01/2018 – 07/31/2019

See full offering memorandum for details

08/01/2019 – 07/31/2020

08/01/2020 – 07/31/2021

08/01/2021 – 07/31/2022

THE LEASE IS ABSOLUTE NNN WITH ZERO LANDLORD MANAGEMENT / MAINTENANCE EXPENSES

TENANT’S OBLIGATIONS - All

LANDLORD’S OBLIGATIONS - None

ASSIGNMENT - Only with written Landlord approval (see lease)

RIGHT OF FIRST OFFER - None

TENANTS Angel ViewOnly SNS NailsTribe Salon

BUILDING SF ±9,617 SF

LEASE TYPE Absolute Net

NAPOnlySNSNails

TribeSalon

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SITE PLAN

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

WILDOMAR

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DEMOGRAPHICS

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

POPULATION

1-MILE 3-MILES 5-MILES2010 4,781 53,589 109,882

2018 6,888 60,535 123,796

2023 7,301 64,273 131,934

2018 HH INCOME

1-MILE 3-MILES 5-MILESAVERAGE $89,080 $95,096 $92,765

MEDIAN $86,448 $84,738 $80,772

TOP EMPLOYERS IN RIVERSIDE COUNTY

EMPLOYER # OF EMPLOYEESCounty of Riverside 22,538

University of California, Riverside 8,686

March Air Reserve Base 8,500

Amazon 7,500

Kaiser Permanente Riverside Medical Center

5,739

THE AVERAGE HOUSEHOLDINCOME WITHIN A 5-MILE RADIUS

IS OVER $93K

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LOCATION OVERVIEWWILDOMAR

CALIFORNIA

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

WILDOMAR is a community of old and new, more mature homes and acreages with horses and other animals mixed with more modern housing tracts. Nestled between the cities of Murrieta and Lake Elsinore, Wildomar officially became a city on July 1, 2008, at that time home to about 28,000 residents.

The name Wildomar was coined from the names of its three founders -- the WIL from William Collier, the DO from Donald Graham and the MAR from Margaret Collier Graham.

Wildomar had been an outpost for the pony express for the Butterfield Stage, and in the early part of this century, a stop for the Southern California Railroad. After the tracks washed out, growth in the area slowed and Wildomar remained a farming and ranching area, including a large number of horse ranches.

Construction of the I-15 freeway brought urban-type growth to Wildomar, which led to the mixture of urban and rural. Wildomar Incorporation Now, commonly known as WIN, led the effort to incorporate. Its office was in a small, unassuming historic building near the corner of Mission Trail and Corydon. It is one of the oldest public buildings in the area.

Currently leased by the Wildomar Chamber of Commerce, the building has served the community in one capacity or another for over 100 years. Originally on Lemon Street, the building was moved to its present location in 1895 — selected because the railroad tracks ran behind the building. The building was to be a stop for the railroad. Once the railroad no longer ran through Wildomar, the building found other uses. In 1993, the Animal Friends of the Valleys and the chamber brought the building back into a serviceable condition. These two agencies have shared the building ever since.

INLAND EMPIRE

The Inland Empire is located east of Los Angeles with a population exceeding 4.5 million residents. The Inland Empire is now one of the nation’s fastest growing economies, and Riverside-San Bernardino-Ontario is now America’s 13th largest MSA, ahead of Seattle, San Diego, and Denver. The Inland Empire has been California’s fastest growing region for decades – largely due to various housing booms and the exploding logistics/ warehousing industry. Due to the high costs of Los Angeles, many residents move east and commute into Los Angeles County.

CONTACT THE TEAM

NICK CORBELLncorbell@leetemecula.comP: 951.445.4522DRE # 01932821

NICK EARLEnearle@leetemecula.comP: 951.445.4528DRE # 1916982

BRIAN BIELATOWICZbbielatowicz@leetemecula.comP: 951.445.4515DRE # 01269887

No warranty or representation has been made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. Lee & Associates Commercial Real Estate Services, Inc. - Riverside. 25240 Hancock Avenue, Suite 100 - Murrieta, CA 92562 | Corporate ID# 01048055

25240 Hancock Avenue, Suite 100 | Murrieta, CA 92562 | 951.445.4500 | lee-associates.com

No warranty or representation has been made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. Lee & Associates Commercial Real Estate Services, Inc. - Riverside. 25240 Hancock Avenue, Suite 100 - Murrieta, CA 92562 Corporate ID# 01048055