Retail
The Vineyard - Phase III
28130 Clinton Keith Rd, Murrieta, CA 92563
Listing Price: $5,300,000
Investment Overview
Located on Clinton Keith Road (±40,000 VPD) with direct access to I-215 (±105,000 VPD), the sizable land offering features easy access, excellent visibility, and is strategically located within Murrieta’s newest and most vibrant retail center. 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 brand-new Costco Wholesale anchored center, with co-tenants including Starbucks, Aldi, Farmer Boys, Quick Quack Car Wash, Accelerated Urgent Care, Raising Cane’s, Chick-Fil-A, Chipotle, Chase Bank, Wingstop, Blaze Pizza, 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. The property 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.
The Vineyard - Phase III
Investment Highlights
- The Subject Property is Approved for a Multi-Building Commercial Development.
- The Permit Runs with the Land and Shall be Binding Upon any Owner or Subsequent Owner of the Land.
- All Offsite work is Complete (Streets, Street Lights, Water, Power, Sewer, etc)
- The Offsite Work Cost was Approximately $1,700,000, Giving a Future Owner a Net Purchase Price of $3,600,000, or $10.63/SF.
Exclusively Listed By
Financing By
Listing Price: $5,300,000
Investment Highlights
- The Subject Property is Approved for a Multi-Building Commercial Development.
- The Permit Runs with the Land and Shall be Binding Upon any Owner or Subsequent Owner of the Land.
- All Offsite work is Complete (Streets, Street Lights, Water, Power, Sewer, etc)
- The Offsite Work Cost was Approximately $1,700,000, Giving a Future Owner a Net Purchase Price of $3,600,000, or $10.63/SF.
Investment Overview
Located on Clinton Keith Road (±40,000 VPD) with direct access to I-215 (±105,000 VPD), the sizable land offering features easy access, excellent visibility, and is strategically located within Murrieta’s newest and most vibrant retail center. 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 brand-new Costco Wholesale anchored center, with co-tenants including Starbucks, Aldi, Farmer Boys, Quick Quack Car Wash, Accelerated Urgent Care, Raising Cane’s, Chick-Fil-A, Chipotle, Chase Bank, Wingstop, Blaze Pizza, 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. The property 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.
Exclusively Listed By
Financing By
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