FOR LEASE MARINA LANDING SHOPPING CENTER PHASE II WALMART ANCHORED PADS AVAILABLE

Transcription

1 FOR LEASE MARINA LANDING SHOPPING CENTER PHASE II WALMART ANCHORED PADS AVAILABLE CARMEL BY THE SEA MONTEREY PENINSULA AIRPORT SEASIDE SAND CITY MONTEREY PACIFIC GROVE FORT ORD REDEVELOPMENT PROJECT CAL STATE MONTEREY MARINA STATE BEACH DOWNTOWN REVITALIZATION PLAN IN PROGRESS DEL MONTE BLVD PACIFIC COAST HWY SUBJECT SITE RARE COASTAL COMMERCIAL DEVELOPMENT OPPORTUNITY GATEWAY TO MONTEREY PENINSULA IN NORTHERN CALIFORNIA 6.77 ACRES 150 BEACH ROAD MARINA, CA Retail Enterprise Group, Inc.

2 Anchored by Walmart Pads Available Adjacent to Resident & Visitor Destinations on the Monterey Peninsula Ground Lease or Build to Suit 3,000 SF to 68,000 SF PACIFIC COAST HWY (CA HWY 1) PENDING NEW 80 ROOM HOTEL Situated at the Gateway to Monterey, Pebble Beach, and Carmel Residential, Resort & Golf Communities Est. Avg. Household Income within 1 mile - $69, Beach Road Marina, Monterey County, CA DEL MONTE BLVD R D BEACH For leasing information, please contact: Retail Enterprise Group, Inc. Lic info@retailenterprisegroup.net

3 RD Marina Landing serves the growing cities of Marina, Seaside, Salinas and Sand City; plus, the wealthy enclaves of Monterey, Pacific Grove and Carmel. Located along CA Highway 1 and bordering Monterey Bay, Marina Landing generates high traffic; and, offers the opportunity to capitalize on the growing population, entrenched wealth, and 8.5 million annual visitors to the Monterey Peninsula. Project Highlights: Marina Landing II is a desirable commercial leasing opportunity for many reasons, including: Site caters to area residents and visitors. Walmart (NAP), the nation s leading retailer, is the anchor tenant and major traffic generator for the site. Pylon signage available. Underserved Trade Area - residents often commute outside of the Monterey Peninsula for a variety of their retail needs. City of Marina is the center of future population growth in the Monterey Peninsula. Regional Map 101 Petaluma SAN FRANCISCO PACIFIC OCEAN Santa Rosa Local Map San Francisco Bay SALINAS RIVER NATIONAL WILDLIFE REFUGE Berkeley Oakland Cupertino 1 Monterey Bay Monterey 505 Fairfield NEPONSET SAN JOSE Stockton Salinas 152 Los Padres National Forest NASHUA RD 50 SACRAMENTO MARINA LANDING SHOPPING CENTER King City Modesto 99 5 CASTROVILLE RD 120 Merced Madera Fresno Yosemite National Park N E V A D A C A L I F O R N I A 395 Visalia Kings Canyon National Park MAIN ST 2010 Traffic Counts: Reservation Rd. at Del Monte (1 block south of site):... 20,593 per day MONTEREY BAY 1 DEL MONTE BLVD NASHUA RD DAVIS RD 101 ST MAIN ST HA Reservation Rd. at Cordoza (1 block west of site):... 13,532 per day CA Hwy. 1 at Beach (2 blocks west of site):... 69,000 per day MARINA STATE BEACH 1 MARINA LANDING SHOPPING CENTER COOPER RD CASTROVILLE RD BORONDA DAV IS ADAMS LAR KIN ST VICTOR ST LAUREL DR 101 MAIN ST 2010 Est. Demographics: 3 Miles 5 Miles 10 Miles Population 25,926 33, ,374 Households 7,112 9,654 76,527 Average Household Income $66,537 $64,692 $74,492 1 IMJIN RD 2ND AVE RES E RVATION RVATION RD RES E RVATION RDRESERVATION RD MARINA 4TH AV E 12TH ST CALIFORNIA AVE CALIFORNIA STATE UNIVERSITY AT MONTEREY BAR IMJIN RD RESERVATION RD MARINA MUNICIPAL AIRPORT BLANCO RD BLANCO RD BLANCO RD DAVIS RD DAVIS RD CENT R AL AVE ALISAL ST ACACIA BLANCO RD ROSSI ST MARKET ST SALINAS ST ALISAL ST RIKER ST C LAY ST MAIN ST ROMIE Retail Enterprise Group, Inc. 3

4 Aerial Photograph LOCKE PADDON PARK MARINA PUBLIC LIBRARY Retail Enterprise Group, Inc. 4 PENDING NEW 80 ROOM HOTEL RD BEACH MARINA STATE BEACH PACIFIC COAST HWY (CA HWY 1) RESERVATION RD SEASIDE AVE SITE BLVD MONTE DEL

5 Aerial Photograph MARINA MUNICIPAL AIRPORT FORT ORD MARINA HEIGHTS RESIDENTIAL DEVELOPMENT DOWNTOWN SPECIFIC PLAN MARINA STATION RESIDENTIAL DEVELOPMENT MARINA CYPRESS KNOLLS RESIDENTIAL DEVELOPMENT THE DUNES ON MONTEREY BAY DEVELOPMENT MARINA PUBLIC LIBRARY DEL MONTE BLVD LOCKE PADDON PARK MARINA DUNES RESORT CA HWY 1 MARINA STATE BEACH Retail Enterprise Group, Inc. 5

6 Property Photographs Pylon Signage Available Retail Enterprise Group, Inc. 6

7 Site Plan N R O A D 1,248 SF Phase III (NAP) Owned by Private Investor 0.57 Acres B E A C H R O Owned by Private Investor 0.99 Acres A D APN Parcel Acres REA approved for 3,000 SF of GLA I O 735 SF R E S E R V A T 7,465 SF 3,575 SF Phase II APN Parcel Acres REA approved for 68,000 SF of GLA Phase I (NAP) 91,266 SF 2.26 Acres Nextel Cell Towers SEASIDE AVENUE Retail Enterprise Group, Inc. 7

8 Proposed Site Plan 1 This configuration allows for major tenants of 30,000 and 17,000 square feet and complementary shop tenants. This will allow higher rents. 6,500 SF 3,000 SF 1,500 SF 17,500 SF 5,120 SF 30,000 SF Note that these are hypothetical and preliminary site plans for discussion purposes only and subject to change. Retail Enterprise Group, Inc. 8

9 Proposed Site Plan 2 This configuration allows for one major tenant, two smaller tenants and a multi-tenant pad building. Note that these are hypothetical and preliminary site plans for discussion purposes only and subject to change. Retail Enterprise Group, Inc. 9

10 Proposed Site Plan 3 Configuration 3 allows one major tenant, a midsize pad building, and a 2,000 SF pad available for fastfood or complementary retail. Note that these are hypothetical and preliminary site plans for discussion purposes only and subject to change. Retail Enterprise Group, Inc. 10

11 REA Approved Site Plan PAD - Ground Lease The 68,000 SF box footprint can be sub-divided into various, major and minor, confi gurations. Retail Enterprise Group, Inc. 11

12 Specific Plan Map Subject Property 1 Block North Retail Enterprise Group, Inc. 12

13 Area Overview Below are key high density developments and other growth catalysts in the area. Cypress Knolls The proposed project is a 712-unit, active adult housing community located on approximately 186 acres. New homes will be made available for adults 55 years and over and will take the place of 460 old, flat-roofed military duplexes. At the center of the property a beautiful community center will offer a range of amenities including an indoor swimming pool, fitness and wellness center, indoor and outdoor dining, a creative arts center, library, classrooms and game room, as well as outdoor tennis and bocce courts. All areas of the property will be connected by a recreation trail system. Construction is slated to begin in late 2010 or early Marina Landings Marina Heights Adjacent to Cypress Knolls and directly east of Marina Landing, Marina Heights is approximately a 248 acre site in the northern portion of the former Fort Ord. Marina Heights will consist of a combination of 1,050 new townhouse, cottage, and single-family residential units. The project will include acres of parks, greenbelts, and open space in six distinct neighborhoods. The Dunes on Monterey Bay The Dunes on Monterey Bay is a mixed-use, diverse, master planned community that encompasses 429 acres of former Fort Ord, located in the City of Marina. The first phase includes the regional retail area which has been recently completed and includes Target, Kohls, REI, Best Buy, and Bed, Bath and Beyond. Future phase one includes a Village Promenade with smaller retail opportunities, assorted and distinct housing, and Marina s first Beach Boardwalk is planned in future phases. Development began in 2006 with all phases completed by Marina Station Marina Station (part of the Armstrong Ranch) is a 320-acre development situated on either side of Del Monte Avenue along the northern limits of the City of Marina. The proposal is to be developed using Neo-Traditional design standards. Neo-Traditional neighborhoods include all the essential needs of daily life including living, working, shopping, learning and playing areas. Entitlements call for the development of 1,360 residential units to include approximately 887 single-family lots and 473 multi-family units. Affordable housing of 20 percent will be included. Additionally, the project will include approximately 60,000 square feet of Retail space, 144,000 square feet of office space, and 652,000 square feet of business park / industrial space. Parks, playgrounds and open space will complete development of the site. This project is set to be delivered by Retail Enterprise Group, Inc. 13

14 Area Overview (cont.) Other Growth Catalysts: Downtown Revitalization A Downtown Specific Plan is currently being drafted to revitalize the core of the city. The City s focus will begin within the corridor running from the intersection at Del Monte Boulevard down both sides of Reservation Road to De Forest Avenue including the Marina Main Post Office and future Monterey Salinas Transit (MST) countywide hub and mixed use development. The focus will be expanding the business community which already exists in the Downtown Area, and creating a vitalization district with zoning uses to include mixeduse, residential, recreational, and civic uses. Marina Landing sits one block north of this specific plan. Marina Airport Located just 2 miles from downtown Marina, The Marina Municipal Airport is the newest general aviation airport on the Monterey Peninsula. The airport consists of approximately acres of property. Open for public use since 1995, the Marina Municipal Airport is a dynamic and growing general airport dedicated to general aviation, business, light industry and recreational, and is collaborating with the University of California MBEST Center to create a dynamic economic development growth center for the peninsula region. Fort Ord Redevelopment Project Fort Ord was a U.S. Army post on Monterey Bay in California. It was established in 1917 as a maneuver area and field artillery target range and was closed in September Fort Ord was one of the most attractive locations of any U.S. Army post, because of its proximity to the beach and California weather. The 7th Infantry Division (Light) was its main resident for many years. When Fort Ord was converted to civilian use, space was set aside for the first nature reserve in the United States created for conservation of an insect, the endangered species Smith s blue butterfly. Fort Ord is located in Northern Monterey County generally between the cities of Monterey to the Southeast and Salinas to the Northeast It borders Monterey Bay to the West and extends from the City of Seaside in the South to the City of Marina in the North and to the Salinas River to the East encompassing 45 square miles and covering over 28,000 acres. Reuse projects at the former Fort Ord will provide over 35% of housing at belowmarket cost ranges, thousands of new jobs, and will be built in phases over the next 10 years. Each residential project includes on-site housing at below market rates and/or accommodations for below-market rate housing options. In addition to new jobs generated within the planned projects, new jobs will also be created in what are being called support services - including positions for police, fire, teachers, government, and many other behind the scenes services within the region. Retail Enterprise Group, Inc. 14

15 Fort Ord Reuse Plan Retail Enterprise Group, Inc. 15

16 Surrounding Amenities Retail Enterprise Group, Inc. 16