12
CLOVIS, CALIFORNIA
CLOVIS, CALIFORNIA
FOWLER AVE (19,655 VPD)
HERNDON AVE (16,374 V
PD)
STATE ROUTE 168
PROPERTY SUMMARYPROPERTY NAME Windmill MarketplaceADDRESS 1815-1865 Herndon AvenueCITY Clovis, CaliforniaGLA 27,486 Square FeetOCCUPANCY 100%YEAR BUILT 2001ACREAGE 2.87 Acres / 125,017 Square FeetPARKING 664 Stalls / 6.18:1,000 Ratio
Newmark Knight Frank (NKF) Retail Capital Markets, as the Exclusive Advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Windmill Marketplace (the “Property”), a 27,486 square foot necessity-based shopping center located in Clovis, California. Institutionally owned and managed, Windmill Marketplace is part of a larger 107,465 square foot community shopping center that is anchored by a SaveMart (NAP) and Walgreens (NAP).
The Property is currently 100% leased to a complimentary mix of local, regional, and national tenants and represents an excellent opportunity to acquire a grocery and drug shadow anchored retail center in one of the most affluent markets in the Central Valley.
INVESTMENT HIGHLIGHTS>> Strong Trade Area Demographics
>> 100% Leased with Outstanding Historical Occupancy
>> Favorable Asset Characteristics
>> Institutionally Owned and Managed
>> Delivered Free & Clear
STRONG TRADE AREA DEMOGRAPHICSWindmill Marketplace serves a strong and growing trade area with more than 93,000 people generating an average household income above $101,000. The neighborhoods that border the Property exceed 33,000 households and are projected to grow by 5.6% over the next five years. The Property caters to young growing families with a median age of approximately 36 years, positioning Windmill Marketplace for long-term stability and productivity.
1-Mile 3-Mile 5-MilePopulation 13,115 97,538 210,202Est. Pop Growth Next 5 Years 4.3% 6.1% 6.0%Households 4,525 33,561 72,857Est. Household Growth Next 5 Years 4.5% 5.6% 5.6%Average Household Income $95,487 $101,025 $96,334Median Age 35.9 36.4 34.7% Bachelor’s Degree or Higher 33.4% 35.8% 35.4%
CLOVIS CITY HALL
CLOVIS GLASS
ANLIN WINDOW SYSTEMS
GATEWAY HIGH SCHOOL
CLOVIS CROSSING
BUCHANAN HIGH SCHOOL
CLOVIS UNIFIED SCHOOL DISTRICT
KAISER PERMANENTE MEDICAL OFFICES
FOWLER AVE (19,655 VPD)
HE
RN
DO
N A
VE
(16,3
74
VP
D)
STATE ROUTE 168
100% LEASED WITH OUTSTANDING HISTORICAL OCCUPANCYCurrently 100% occupied, Windmill Marketplace has benefitted from strong historical occupancy of 97.9% since 2011; a testament to the consistent consumer and retailer draw the Property maintains through economic cycles.
(NAP) (NAP)
(NAP)
Windmill Marketplace is favorably located on the corner of Fowler and Herndon Avenues, Clovis’ main east-west thoroughfare. The Property’s hard corner location provides excellent access and visibility, as well as maximizes retail frontage. The combination of these attributes provide superior site characteristics further solidifying future tenant demand.
FAVORABLE ASSET CHARACTERISTICS
STRONG TRAFFIC COUNTSThe Property benefits from traffic counts of over 30,000 cars per day traveling through the intersection of Fowler and Herndon Avenues, providing outstanding visibility and asserting the Property’s identity within the market.
ABUNDANT RETAIL FRONTAGEWindmill Marketplace provides approximately 672 feet of linear frontage along Herndon Avenue and 571 feet of linear frontage along Fowler Avenue.
CONVENIENT INGRESS/EGRESSThe Property offers convenient ingress/egress with six vehicular access points surrounding the center. Windmill Marketplace is further advantaged, as it is adjacent to the Interstate 168 on and off ramp, providing enhanced access to and from the Property.
MONUMENT SIGNAGETwo 10-foot signs located along Fowler and Herndon Avenue provide unparalleled visibility to vehicular traffic.
FRESNO
CLOVIS
BAKERSFIELD
LOS ANGELES
SACRAMENTO
SAN FRANCISCO
SANTA ROSA
STOCKTON
SAN JOSE
MONTEREY
CHICORENO
CLOVIS99
5
80
INSTITUTIONALLY OWNED AND MANAGED Windmill Marketplace is built of institutional quality construction and exhibits strong curb appeal and a superior image to the surrounding retail centers in the trade area. The Property also benefits from being institutionally owned and managed and has been well maintained.
UNENCUMBERED ASSET The Property is being delivered free and clear of existing debt, providing an investor the opportunity to take advantage of the historically low interest rate environment and enhance the levered returns.
KAISER PERMANENTE MEDICAL OFFICES
ATWATER
OAKLAND
Ramsey DayaVICE CHAIRMAN+1 415 399 8085 [email protected] RE LIC#01248046
Chris MoritzSENIOR MANAGING DIRECTOR+1 415 399 8083 [email protected] RE LIC#01860037
One Bush Street, Suite 1500San Francisco, CA 94104
CAPITAL MARKETS ADVISORS
Nicholas BicardoVICE CHAIRMAN+1 415 445 [email protected] RE LIC#01380524
Brandon RogoffMANAGING DIRECTOR+1 415 445 [email protected] RE LIC#01949914
INVESTMENT ADVISORS
This flyer does not constitute an offer to sell the Property. Neither any Potential Purchaser nor Seller will be bound to a contract of sale unless and until both parties sign and deliver it. Seller reserves the right at any time, in its sole discretion and without notice to any person, to: (a) change any of the terms of the potential sale of the Property; (b) with-draw the Property from the market; (c) accept or reject any offers; (d) terminate discussions with any Potential Purchaser; or (e) sell all or any portion of the Property to any other person. No liability will attach to the undersigned, Seller or any other party for failure to receive, review or respond to any offer or for any other matter in connection therewith. While any information contained in this flyer is derived from sources that are believed to be reliable, neither the undersigned nor Seller can or does guarantee that such information is accurate, and that information is provided without representation or warranty.
Prospective Purchasers should consult legal counsel with respect to the zoning and development potential of the Property, and with other consultants of Potential Purchaser’s choice with regard to all aspects of the Property, including without limitation its physical and legal condition, the presence or absence of hazardous materials, its compliance with the Americans With Disabilities Act, and other matters that may affect its value, desirability and/or utility. Unless otherwise agreed in writing by Seller and its broker, (a) Prospective Purchaser’s broker shall look solely to its client for the payment of any real estate commission, fee or other compensation for that broker’s services, and (b) Seller and its broker shall not be liable for the payment of any such real estate commission, fee or other compensation. Corporate License #01355491
