midtown square commercial center · center anchored by stater bros. grocery and includes a strong...

EXCLUSIVE LEASE OFFERING MEMORANDUM

16808-16988 MAIN STREET, HESPERIA, CAMIDTOWN SQUARE COMMERCIAL CENTER

The information contained in the following marketing document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kursch Group and should not be made available to any other person or entity without the written consent of Kursch Group. This marketing brochure has been prepared to provide summary, unverified information to prospective buyers and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kursch Group has not made any investigation and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, or the compliance with State and Federal Regulations.The information contained in this marketing document has been obtained from sources we believe to be reliable; however, Kursch Group has not verified and will not verify, any of the information contained herein, nor has Kursch Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein and have satisfied themselves to anything that may affect the site prior to consummating a transaction.

Broker ContactRyan TravisExecutive Vice President760.983.2594 [email protected] #01358790

Corporate Office12180 Ridgecrest Road, Suite 232 Victorville, CA 92395PH. 760.983.2383 FAX 760.983.2433WWW.KURSCHGROUP.COMCorporate BRE: 01896143

Tony ScafidiAssociate760.983.2598 [email protected] #01887228

SITE SUMMARY

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 3MIDTOWN SQUARE - SUITES FOR LEASE - MAIN STREET, HESPERIA, CA

ADDRESS16808-16988 Main StreetHesperia, CA 92345

PROPERTY OVERVIEWCommercial/Retail Suites For Lease within a multi-tenant shopping center anchored by Stater Bros. grocery and includes a strong mix of national and regional tenants like Orchard Supply Hardware, KFC, US Bank, Starbucks, Subway, Baskin Robbins, Sizzler.

LOCATIONMidtown Square is located on the north side of Main Street, on the east side of C Avenue and on the west side of E Avenue. Each of these intersections are signalized. MUNICIPALITY City of Hesperia (within City Limits)County of San Bernardino

ZONING NC - Neighborhood Commercial within the City of Hesperia’s Main Street / Freeway Corridor Specific Plan

UTILITIESElectric Southern California EdisonGas Southwest Gas CompanyWater/Sewer City of Hesperia

SITE ATTRIBUTES• Grocery Anchored Shopping Center• Signalized Intersections• Mix of National & Regional Tenants LEASE RATESSuite 16876 B of 7,000 SF: $1.00 PSF NNN (Pending Lease)Suite 16876 E of 2,200 SF: $1.45 PSF NNNSuite 16930 F of 2,500 SF: $1.50 PSF NNN

LOCAL MAP VIEW


SUITE 16876 B & E

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 5

SUITE 16876 B: ±7,000 SF (pending lease)(Fixtures are available for purchase $13,000, tenant to verify)Retail Store with large front windows, building signage, rear roll up door.

MIDTOWN SQUARE - SUITES FOR LEASE - MAIN STREET, HESPERIA, CA

SUITE 16876 E: ±2,200 SF Retail Store with large front windows & building signage space. SUITE 16876 B

SUITE 16930 F


SUITE 16930 F: ±2,500 SF Retail Store with large front windows & building signage space.

1, 3, 5 MILES RADIUS DEMOGRAPHICS


POPULATION 2017 20221 MILE 8,811 8,9883 MILES 56,702 58,4295 MILES 124,239 128,987

HOUSEHOLDS 2017 20221 MILE 2,740 2,7653 MILES 16,721 17,1125 MILES 37,742 38,989

MEDIAN AGE 2017 20221 MILE 26.9 27.43 MILES 31.9 32.75 MILES 32.7 33.3

AVERAGE HH INCOME 2017 20221 MILE $38,399 $41,8653 MILES $60,089 $67,5015 MILES $64,094 $71,796

Source: stdb.com ESRI forecasts for 2017 and 2022

The High Desert Market is located 90 miles northeast of Los Angeles and encompasses the cities of Adelanto, Apple Valley, Barstow, Hesperia, Victorville and surrounding unincorporated areas of San Bernardino County. The regional population exceeds 442,000, nearly doubling from census data of 2000 to 2010. In fact, the city of Victorville was ranked the 6th fastest growing city in the United States for 2006! Interstate 15 bisects the region and Highway 395, Highway 18, Highway 138, Route 66 and Highway 58 all converge here. BNSF Railway runs throughout most of the high desert cities, hauling massive volumes of imported goods from the Ports of LA and Long Beach to the rest of the country.


CITY OVERVIEW


HESPERIA COUNTY: SAN BERNARDINO TOTAL AREA: ±73.20 SQUARE MILESINCORPORATED: JULY 1, 1988MAYOR: PAUL RUSSWEBSITE: WWW.CITYOFHESPERIA.US/

Year Population Avg Annual Growth1990 50,4182000 62,582 4.41%2010 90,173 2.41%2016 92906 0.47%2021 95449 0.54%

50,418

62,582

90,173 92906 95449

4.41% 2.41% 0.47% 0.54%0

20,000

40,000

60,000

80,000

100,000

120,000

1990 2000 2010 2016 2021

Population Avg Annual Growth

Source: en.wikipedia.org/wiki/Hesperia,_California

CLIMATEHesperia is in the High Desert region of Southern California where humidity is low and sunshine is plentiful.

AVG JANUARY LOW TEMP: 32 FAVG JULY HIGH TEMP: 99 FAVG ANNUAL RAIN FALL: 6.19 in.ELEVATION: 3,186 ft.


2016 POPULATION 92,906 AVERAGE ANNUAL GROWTH (1990-2016): 1.95%FORECASTED ANNUAL GROWTH (2016-2021): 0.54%



REGION OVERVIEW


SOUTHERN CALIFORNIA LOGISTICS CENTRE (PICTURED LEFT)

The High Desert is home to Southern California Logistics Centre (SCLC), an 8,500 Acre multi-modal logistics hub. SCLA, the 2,500 Acre logistics airport, provides two intercontinental runways including a 15,050 foot runway, allowing access for even the heaviest aircraft. GE Aviation and Boeing are just a two of the companies that have taken advantage of the low traffic, low humidity airport - ideal for aircraft painting, flight testing, UAS pilot training and more.

2,500 acres are dedicated to industrial/manufacturing development, already home to numerous industry leaders like Dr Pepper Snapple Group, Newell Rubbermaid Brands, Church & Dwight, Plastipak, and Arden Companies.

Source: en.wikipedia.org/wiki/Southern_California_Logistics_Airport and victorvillecity.com/airport/

INFRASTRUCTURE

There are more than $1.8 Billion in infrastructure projects planned for the region to take place within the next 5 years. The High Desert experienced a massive 75% population growth from census years 2000 to 2010, leaving much of the roadways ill-equipped for the influx of vehicle traffic on surface streets and highways.

Two new interchanges have been constructed since 2014 on Interstate 15: one at Ranchero Rd in Hesperia, and one at Nisqualli/La Mesa Rds in Victorville. Additionally, the I-15 interchanges at D St, E St, Stoddard Wells Rd in north Victorville are currently undergoing a full overhaul to widen the freeway, bridges and realign the on/off ramps.

The cities of Victorville and Apple Valley have embarked on a joint project to create another east-west arterial in the High Desert. The Town of Apple Valley has recently completed the Yucca Loma bridge over the Mojave River which will connect the east valley with the logical extension of Green Tree Blvd in Victorville upon the completion of a bridge over the BNSF Railway. (PICTURED RIGHT)

Local city streets have been under construction to repave, widen, and add stop lights in an effort to improve traffic flow.


midtown square commercial center · center anchored by stater bros. grocery and includes a strong...

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