7.9 AC neighborhood shopping Center Site

Highlights

• All of the grocery stores in this region are on Main Street (see Competition Map). There is the ability to create a much more convenient grocery shopping experience for the 36,865 people within the custom trade area shown on the Demographic Highlights page. These people have an average household income of $109,738 and the trade area consumes Food at Home of $73M excluding categories such as alcohol, prescription and non-prescription drugs, pet supplies, and smoking products (see Demographic Highlights for Details).
• At an estimated cost of $64M, a 5 mile stretch of Ranchero Road (including at the subject location) is currently being widened from one lane in each direction to 5 total lanes including 2 lanes in each location and a middle turning lane. (see map on page 7). Construction is expected to be completed by the end of 2024.
• Approximately 15,000 cars per day current traverse the intersection and that is before the Ranchero Road construction is completed. Upon completion, Ranchero Road will create a much easier path for residents on the eastern side of Hesperia to get to the 15 Freeway and therefore result in much higher traffic counts.
• The Heat Map for the Chevron across the street (see page 8) demonstrates where the existing customer base is for this gas station which is representative of the trade area that a grocery store would have when located on this site.
• Zoning creates significant barriers to entry. Per the attached General Plan Map (see page 6), there are very few sites along Ranchero Road available for commercial development.
• The Silverwood Master Planned Community is located on the eastern end of Ranchero Road. Mass grading for this project has begun. The project includes 15,633 dwelling units, 700,000 SF of commercial space, and 5,000 acres of parks and open space (see page 9).
• Site is relatively flat, utilities in the street, signalized, zoned commercial, and without Yucca trees (Buyer to Verify All Information).

Description

Site has very minimal competition. Located directly off the I-15 freeway.

Property is located on the SWC of Ranchero Road & Escondido Road In Oak Hills. Hesperia Adjacent.

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