A 94% Occupied, Market-Leading Grocery/Drug/Fitness Anchored … · 2018-07-09 · TENANT LONGEVITY AND BUSINESS SUCCESS ... EXP DATE Smart & Final 47,616 15.61% Jan-21 24 Hour Fitness

©2018 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF)

A 94% Occupied, Market-Leading Grocery/Drug/Fitness Anchored Retail Center in Southern California

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THE OPPORTUNITY HFF has been exclusively retained by Ownership to offer the opportunity to acquire Chino Hills Marketplace (the “Property”), a 322,376 square-foot grocery, drug, fitness anchored retail center located in the affluent Southern California community of Chino Hills. Prominently located adjacent to the 71 Freeway (168,000 VPD) at the convergence of the four-county border between Los Angeles, Orange, San Bernardino and Riverside Counties, the Property features a premier lineup of national brand retailers that includes Smart & Final, Rite Aid, 24 Hour Fitness, Dollar Tree, and Chase. Currently 94.4% leased, this necessity based community shopping center has a long standing history of retailer success, with over 65% of the tenants having been in occupancy since 2007. Chino Hills Marketplace offers investors the opportunity to acquire a grocery, drug, and fitness anchored retail center in a fast-growing Southern California market.

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PRICE Best Offer

ADDRESS 4200 Chino Hills Parkway, Chino Hills, CA 91709

SQUARE FEET 322,376 SF

OCCUPANCY 94.4%

YEAR BUILT 1990

SITE SIZE 27.25 acres

PARKING 1,769 spaces (5.61 per 1,000 SF)

FRONTAGE1,502’ on the 71 Freeway1,247’ on Chino Hills Pkwy1,211’ on Pipeline Ave

PROPERTY SUMMARY INVESTMENT HIGHLIGHTS

EXCEPTIONAL CURB APPEAL AND FRONTAGEThe Property has excellent curb appeal and is ideally located along three major arterials with 1,502’ of frontage along the 71 Freeway, 1,247’ of frontage on Chino Hills Pkwy, and 1,211’ of frontage on Pipeline Ave.

DIVERSIFIED, NECESSITY BASED TENANCYThe tenants at Chino Hills Marketplace offer a breadth of necessity based services and products, helping drive consistent foot traffic to the center while providing a long-term buffer against e-commerce trends.

DIRECT ON / O

FF RAMP

(168,000 V

PD)

PIPELINE AVENUE (80,000 VPD)CHINO HILLS PKWY (50,000 VPD)

F E E T O F F R O N TAG E

OVER

ALONG THE 71 FREEWAY

1,500’OF THE LEASED GLA OCCUPIED

BY NATIONAL TENANTS

78%

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INVESTMENT HIGHLIGHTS

FOUR-COUNTY STRATEGIC LOCATIONSituated adjacent to the 71 freeway (168,000 VPD) at the convergence of four of California’s largest and fastest growing counties (Los Angeles, Orange, Riverside, and San Bernardino), the Property draws from an exceptionally large customer base.

EXTREMELY AFFLUENT AND DENSE TRADE AREAThe immediate trade area surrounding Chino Hills Marketplace is both affluent (average household incomes within a 3-mile radius exceed $116,000) and extremely dense (population of more than 228,000 within a 5-mile radius) since 2012, home values have increased 72%.

DEMOGRAPHICS TABLE

PIPELINE AVENUE (80,000 VPD)

228,000PEOPLE WITHIN A5-MILE RADIUS

O F B A N K D E P O S I T SIN CHINO HILLS

$1.9BPOPULATION GROWTH

SINCE 2000

15%

228,000PEOPLE WITHIN A5-MILE RADIUS

72% INCREASEIN HOME VALUES

SINCE 2012

1-MILE 3-MILE 5-MILE

2018 Population 13,235 93,204 228,890

Number of Households 3,990 25,993 63,043

Avg Household Income $102,943 $116,446 $105,598

Avg Household Values $472,842 $549,415 $491,868

PIPELINE AVE (80,000 VPD)

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DIR

ECT

ON

/ O

FF R

AM

PCHINO HILLS PKW

Y (50,000 VPD)

4.3 MILES TO 60 FREEWAY

THE SHOPPES AT CHINO HILLS

GREEN VALLEY APARTMENTS (152 UNITS)

RUBEN S. AYALA HIGH SCHOOL (2,600 STUDENTS)

RESERVE AT CHINO HILLS (440 UNITS)

EXTENDED STAY AMERICA (102 ROOMS)

CHINO SPECTRUM TOWNE CENTER

DISTRIBUTION WAREHOUSE

N

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( NAP )

$116,000+AVG HOUSEHOLD INCOME

IN A 3-MILE RADIUS

PIPELINE AVE (80,000 VPD)

1,502 FEET OF FRONTAGE ALONG THE 71

FREEWAY

CHAPARRAL 300

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INVESTMENT HIGHLIGHTS

INSTITUTIONAL OWNERSHIPThe Property, and the immediately surrounding shopping centers, are institutionally owned and managed, highlighting the desirability of the trade area and its long term success.

VALUE CREATION OPPORTUNITIESThere is the potential to sell the outparcels individually to capture lower single-tenant cap rates thereby reducing the overall cost basis to create a higher effective yield. Additionally, several tenants currently pay rents that are well below market, providing near-term mark-to-market rent opportunities.

TENANT LONGEVITY AND BUSINESS SUCCESSOver 65% of the leased GLA at Chino Hills Marketplace is occupied by tenants that have operated at the Property for ten years or longer, demonstrating the business success and desirable retail location of the center.

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TENANT SF % OF GLA

EXP DATE

Smart & Final 47,616 15.61% Jan-21

24 Hour Fitness 35,000 11.48% Mar-20

RiteAid 23,830 7.81% Feb-21

Dollar Tree 15,494 5.08% Jun-21

Goodwill 15,469 5.07% Mar-21

Boot Barn 10,434 3.42% Mar-28

Kahoot’s 9,347 3.06% Sep-22

Turner's Outdoorsman 8,880 2.91% Apr-21

JPMorgan Chase Bank 6,383 2.09% May-19

Empire Bikes Chino Hills 5,829 1.91% Feb-21

Goodyear Tire 4,799 1.57% Mar-22

Phenix Salon Suites 4,567 1.50% Nov-25

KEY TENANTS

OF CURRENT TENANTS65%

HAVE BEEN IN OCCUPANCY 10+ YRS OR LONGER

LEGENDOCCUPIED

AVAILABLE

NAP

SITE PLAN

TRANSACTION TEAM MEMBERS

Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses, and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

INVESTMENT ADVISORS DEBT ADVISOR

T. (310) 407-2100 | F. (310) 407-2101

www.hfflp.com

10250 CONSTELLATION BOULEVARDSUITE 1000

LOS ANGELES, CA 90094

BRYAN LEYManaging [email protected] Lic. #01458927

GLEB LVOVICHManaging [email protected] Lic. #01496699

JUSTIN [email protected] Lic. #01994398

TONY [email protected] Lic. #02061712

STEVEN [email protected] Lic. #01936051

4200 CHINO HILLS PARKWAY CHINO HILLS, CA 91709

Drive Time:

• 10 Minutes to Ontario

• 25 Minutes to Orange County

• 45 Minutes to Downtown LA