Fairfield Ranch Starbucks Anchored Shopping Strip
15463 Fairfield Ranch Road
Property Description
Investment Highlights
Anchored by Starbucks, the World’s Largest Coffee Retailer (±33,000 Stores) – Starbucks Benefits from a Large Drive-Thru Lane that can Accommodate 15+ Cars Simultaneously | Current Rent is Well Below Market When Compared to Other Drive-Thru Starbucks Locations
Signalized, Corner Location with Close Proximity to the Central Avenue Entrance/Exit of the 71 Freeway – Traffic Counts Exceed 90,000 Cars Per Day
High Quality, 2007 Construction with Excellent Curb Appeal – The Subject Property is Located in the Fairfield Ranch Business Center Which Also Includes Denny’s (NAP), Archibald’s (NAP) and Hotel Chino Hills (NAP), and a Recently Constructed US Storage Centers Property (NAP)
High Identity Southern California Shopping Strip
- Easy to Manage Five Tenant Shopping Center Located in the Coveted Chino Hills Market – Chino Hills Benefits from Favorable Demographics and Provides Easy Access to a Number of Employment Hubs in Southern California
- Long-Term NNN Leases with Staggered Expirations Provides for Excellent Stability – Nearly 50% of the GLA has Leases with 10+ Years Remaining (Over 70% with 6+ Years Remaining)
- Excellent Tenant Synergy – Diverse Tenant Mix of Restaurant and Service Tenants Promotes Strong and Recurring Patronage to the Subject Property
- In Addition to Starbucks, the Subject Property Features Strong Local & Regional Tenants such as Ensenada Surf & Turf Grill, Fairfield Ranch Dental, La Bella Nails & Spa, and Havana Smoke Shop
- Annual Increases for Most Tenants Provide for an Excellent Hedge Against Inflation
Excellent Surrounding Area & Strong Real Estate Fundamentals
- Additional Tenant Signage Located on the Rear Building Façade Provides Visibility from Traffic En Route to the 71 Freeway
- Chino Hills Benefits from Close Proximity to Several Major Freeways and its Central Location to San Diego, Orange, and Riverside Counties Make Chino Hills an Ideal Location for Future Development & Expansion
- The Subject Property is Located Near the East Chino Specific Plan, Under Which Millions of Square Feet of Residential and Commercial Properties Have Been Development in Recent Years – Existing Distribution Centers Include Amazon, FedEx, and Coca Cola Refreshments with Additional Developments Currently Underway
- Dense, Infill Area – Population Counts Exceed 202,786 Within Five Miles | Strong Household Income of $124,930 Within Five Miles
Broker of Record: Adam Christofferson, License: CA 00530854
Contact Information
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643