Joannie's Cantina

JOANNIE’S CANTINA 24750 WASHINGTON AVE MURRIETA, CA

INVESTMENT OFFERING 1 TABLE OF CONTENTS DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving from Lee & Associates and should not be made available to any EXECUTIVE SUMMARY...... 3 other person or entity without the written consent of Lee & Associates. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is TENANT OVERVIEW...... 4 not a substitute for a thorough due diligence investigation.

Lee & Associates has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject AERIAL PHOTO ...... 5 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, PCBs or asbestos, the compliance PARCEL MAP...... 6 with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained PROPERTY PHOTOS...... 7 from sources we believe to be reliable; however, Lee & Associates has not verified, and will not verify, any of the information contained herein, nor has Lee & Associates conducted any investigation regarding these matters and MARKET OVERVIEW...... 8 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.

DEMOGRAPHIC REPORT...... 9 ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT A LEE & ASSOCIATES ADVISOR FOR MORE DETAILS.

For more information contact: Mike Hanna Sheri Shoemaker 951.445.4503 951.445.4510 [email protected] [email protected] DRE #01456055 DRE #00846946 2 EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS Joannie’s Cantina has operated in Old Town Murrieta for over 30 years. Ownership has decided it has come time to sell the pub providing an investor • Joannie’s is located on a prime commercial corner the unique opportunity to purchase a prime piece of real estate and established in Old Town Murrieta, (Washington Ave & B St) business in Historic Old Town Murrieta. • ±30,056 SF (0.69 ACRES) parcel Murrieta’s Old Town has quickly evolved into one of the most popular destinations in all of Southern California. Complemented by Temecula Wine Country with • Fully fixtured, 1,300 SF retail/Pub with all assets 40+ wineries, Pechanga and numerous golf courses, Old Town offers a vibrant included mix of history and contemporary development. Old Town is home boutique • Highly sought after California Type 48 liquor shopping, bars, wine tasting, farmers market and much more. Old Town’s mix license that can be included with the property of restaurants, shopping, office buildings and City events make it a landmark gives adult venue operators the privilege of destination for tourists and locals alike. offering all types of alcoholic beverages – beer, wine and distilled spirits – to their patrons for consumption on the premises. Additionally, a California type 48 liquor license holder may sell both beer and wine for off premises consumption. This liquor license can only be purchased in CA from business owners who already have them. • Perfect owner/user or Redevelopment Opportunity • Strong surrounding area tenant base and very stable historical occupancy • Ample on-site private parking for customers • Key location in downtown district allows for many potential uses or expansion of existing business • Asset offers great visibility and tremendous foot traffic • Property covers entire corner with multiple access points and Washington Ave. frontage

No warranty or representation has been made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 3 TENANT OVERVIEW

PROPERTY NAME Joannie’s Cantina

24750 Washington Ave PROPERTY ADDRESS Murrieta, CA 92562

APN 906-102-019

PROPERTY TYPE Commercial

PARCEL ±30,056 SF (0.69 ACRES)

ZONING Mixed Use (MU)

OWNERSHIP Fee Simple

PRICE $1,650,000

No warranty or representation has been made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 4 AERIAL PHOTO

DAYTIME DAILY

TRAFFIC VOLUME R R U U M M

LOS ALAMOS RD

CA RIET LIFORNI 15 VEHICLES18,331 PER DAY A HOT SPRINGS RD ON WASHINGTON AVE. MADISON AVE AT KALMIA ST. VILLAGE WALK A MADISON

PLAZA O MURRIETA SPRINGS PLAZA A

A SPECTRUM

K K

S S

R R D D OLIVEWOOD PLAZA JEFFERSON AVE KALMIA FUTURE First Citizens Bank PLAZA CONDO COMPLEX HIGH INCOME CITY OF MURRIETA CIVIC CENTER & NEIGHBORHOOD POLICE DEPT

$103,718AHHI 3 MILE ADAMS AVE

IVY RADIUS KALMIA ST KALMIA

KALMIA ST KALMIA MURRIETA PLAZA ELEMENTARY

IVY ST SCHOOL

KALMIA COURTYARDS Murrieta Anthony’s Calhoun’s Day Spa Restaurant Texas BBQ Sidelines Sports SITE Bar & Grill DownTown The Mill Post TOTAL POPULATION PUBlic Restaurant Ofﬁ ce WASHINGTON AVE EXCEEDS The Crafted Vista Weins Brewing Scone Doughnuts Company OLD TOWN 72,440WITHIN A MURRIETA 3 MILE RADIUS

No warranty or representation has been made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 5 PARCEL MAP

No warranty or representation has been made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 6 PROPERTY PHOTOS

7 MARKET OVERVIEW

area from San Diego and Orange County drawn Murrieta, California by the affordable housing prices and the popular CENSUS POPULATION wine country. Murrieta is an affluent community, Murrieta is a young affluent community in close supported by high median and mean income levels. ESTIMATE (2020) proximity to San Diego, Los Angeles and Orange County. The Valley has a wide range of new Murrieta remains the ideal city for relocating, shopping, dining and recreational options, a diverse expanding and developing a new project in Southern choice of housing and a world-class educational 118,005 California. Murrieta boasts an educated, high- system. Murrieta is centrally located along the I-15 income population comparable to communities in and I-215 freeway corridor in Southwest California, nearby San Diego and Orange County. Contributing just north of the San Diego county line. Murrieta to this is the exceptional school district that is very close to Southern California’s beaches and continually exceeds the state’s exemplary marks. 2020 CITY RANK BY its mountains, within minutes of large lakes for Murrieta also has easy access to many colleges POPULATION IN CA recreation, the region’s many wonderful wineries, or and universities in the Southern California region. the largest Indian casinos in the nation, Pechanga. More than 34% of Murrieta’s residents have a BA With a population of just over 114,000, this city or advanced degree; 63% have attended college. TH continues to build on its success; it attracts those 55 who demand a high quality of life.

Over the past two decades, the City of Murrieta has evolved into an innovative, dynamic City and a regional economic center for Southwest Riverside 2020 CITY RANK BY County, all while retaining its small town feel and character. Many families began to move to the POPULATION IN THE US 249TH

TOP EMPLOYERS NEARBY MV UNIFIED SCHOOL DISTRICT SOUTHWEST HEALTHCARE SYSTEM LOMA LINDA UNIVERSITY MEDICAL CENTER COUNTY OF RIVERSIDE TARGET OAK GROVE INSTITUTE WALMART MURRIETA HEALTH & REHAB CENTER CITY OF MURRIETA

5 MILE

MEDIAN HH INCOME 3 MILE

$90K+3 MILE RADIUS

1 MILE

DAYTIME JOANNIE’S POPULATION CANTINA

349K+ MILE RADIUS

DAYTIME POPULATION 1 MILE 3 MILE 5 MILE 8,506 49,172 112,445

No warranty or representation has been made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 9 Mike Hanna Sheri Shoemaker 951.445.4503 951.445.4510 [email protected] [email protected] DRE #01456055 DRE #00846946