TEMECULA, Calif. — Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm arranged the sale of The Shops at Gateway to Temecula.
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The Shops at Gateway to Temecula is an 8,325-square-foot multi-tenant retail investment with a 24-hour drive-thru Starbucks and a mix of other internet-resistant tenants on 2.05 acres, near the Interstate-15 Freeway on/off-ramp in Temecula, California.
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The sale price was $7,150,000, representing a 5.50% cap rate. Hanley Investment Group has sold 72 retail properties since COVID-19 was declared a pandemic on March 11, 2020.
LEADING THE RCNS HEADLINES:
Hanley Investment Group's Vice President Austin Blodget, Executive Vice President Eric Wohl, along with Associate CJ Kiehler, represented the seller, Pacific Real Estate of Corona, California. The buyer, a private investor from Redlands, California, was represented by Brian Melkesian of Lee & Associates located in Ontario, California.
'Despite the economic impact of the lockdown, it was the location that got the buyer comfortable,' Hanley Investment Group's Vice President Austin Blodgett said of the $7.15 million sale.
Located at 30010 Temecula Parkway and built in 2018, The Shops at Gateway to Temecula features a freestanding Starbucks drive-thru and a 6,312-square-foot three-tenant retail pad building with Verizon, The Pizza Press and Sakura Sushi and is shadow-anchored by a newly built LA Fitness. The property is situated at a hard corner, signalized intersection, one block from the I-15 on/off-ramp (with 174,000 vehicles per day) and has direct frontage on Temecula Parkway (72,000 vehicles per day).
'Despite the economic impact of the lockdown, it was the location that got the buyer comfortable,' said Blodgett. 'The Temecula Valley is booming, and this property is located at a premier corner within the market. This is a great comp for any smaller multi-tenant deal in Southern California and I think it proves that retail will remain strong as we push through COVID-19.'
There are over 115,000 people within a five-mile radius, which is an increase of over 100% since 2000, making it one of the fastest-growing submarkets in California. The area is also extremely affluent with an average household income within a one-mile radius of the property over $122,000. The Temecula Valley attracted over $1.1 billion in visitor spending in 2018, fueled by the wineries and Pechanga Resort Casino, the largest resort and casino on the West Coast is just five minutes from the subject property.
SEE OTHER RECENT RCNS HEADLINES NEWS:
'Retail investors are gravitating to quality real estate now more than ever,' said Wohl. 'Additionally, this property offers multiple exit strategies as Starbucks is on its own parcel, giving the buyer flexibility on a future sale with the potential to realize a profit via cap rate arbitrage.'
Hanley Investment Group has sold a total of $565 million in retail properties in the last 48 months in the Inland Empire and currently has a number of properties listed for sale in the region.
Submitted by Monaghan Communications Inc.
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Contact the writer: trevor.rcns@gmail.com
Trevor Montgomery, 49, moved in 2017 to the Intermountain area of Shasta County from Riverside County and runs Riverside County News Source and Shasta County News Source. Additionally, he writes or has written for several other news organizations; including Riverside County based newspapers, Valley News, (the now defunct) Valley Chronicle, Anza Valley Outlook, and Hemet & San Jacinto Chronicle; as well as Bonsall/Fallbrook Village News in San Diego County and Mountain Echo in Shasta County. Joao vieira poker gain.
Trevor spent 10 years in the U.S. Army as an Orthopedic Specialist before joining the Riverside County Sheriff's Department in 1998. He was medically retired after losing his leg, breaking his back, and suffering both spinal cord and brain injuries in an off-duty accident. (Click here to see segment of Discovery Channel documentary of Trevor's accident.)
During his time with the sheriff's department, Trevor worked at several different stations; including Robert Presley Detention Center, Southwest Station in Temecula, Hemet/Valle Vista Station, Ben Clark Public Safety Training Center, and Lake Elsinore Station; along with other locations.
Trevor's assignments included Corrections, Patrol, DUI Enforcement, Boat and Personal Water-Craft based Lake Patrol, Off-Road Vehicle Enforcement, Problem Oriented Policing Team, and Personnel/Background Investigations. He finished his career while working as a Sex Crimes and Child Abuse Investigator and was a court-designated expert in child abuse and child sex-related crimes.
Trevor has been married for more than 30 years and was a foster parent to more than 60 children over 13 years. He is now an adoptive parent and his 'fluid family' includes 13 children and 18 grandchildren.
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Job Summary and Mission
This position contributes to Starbucks success by assisting the store manager in executing store operations during scheduled shifts.This job deploys partners and delegates tasks so that partners can create and maintain the Starbucks Experience for our customers. Models and acts in accordance with Starbucks guiding principles.
Summary of Key Responsibilities
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Responsibilities and essential job functions include but are not limited to the following:
- Acts with integrity, honesty and knowledge that promote the culture, values and mission of Starbucks.
- Maintains a calm demeanor during periods of high volume or unusual events to keep store operating to standard and to set a positive example for the shift team.
- Anticipates customer and store needs by constantly evaluating environment and customers for cues.
- Communicates information to manager so that the team can respond as necessary to create the Third Place environment during each shift.
- Assists with new partner training by positively reinforcing successful performance and giving respectful and encouraging coaching as needed. Provides feedback to store manager on partner performance during shift.
- Contributes to positive team environment by recognizing alarms or changes in partner morale and performance and communicating them to the store manager.
- Creates a positive learning environment by providing clear, specific, timely and respectful coaching and feedback to partners on shift to ensure operational excellence and to improve partnerperformance.
- Delivers legendary customer service to all customers by acting with a customer comes first attitude and connecting with the customer. Discovers and responds to customer needs.
- Develops positive relationships with shift team by understanding and addressing individual motivation, needs and concerns.
- Executes store operations during scheduled shifts. Organizes opening and closing duties as assigned. Follows Starbucks operational policies and procedures, including those for cash handling and safety and security, to ensure the safety of all partners during each shift.
- Follows all cash management and cash register policies and ensures proper cash management practices are followed by shift team.
- Follows up with baristas during the shift to ensure the delivery of legendary customer service for all customers.
- Provides quality beverages, whole bean, and food products consistently for all customers by adhering to all recipe and presentation standards. Follows health, safety and sanitation guidelines for all products.
- Recognizes and reinforces individual and team accomplishments by using existing organizational tools and by collaborating with store manager to find new, creative, and effective methods of recognition.
- Utilizes operational tools to achieve operational excellence during the shift.
- Maintains regular and punctual attendance
Job Qualifications
Summary of Experience
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Customer service experience in a retail or restaurant environment - 1 year
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Basic Qualifications
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- Maintain regular and consistent attendance and punctuality, with or without reasonable accommodation
- Available to work flexible hours that may include early mornings, evenings, weekends, nights and/or holidays
- Meet store operating policies and standards, including providing quality beverages and food products, cash handling and store safety and security, with or without reasonable accommodation
- Six (6) months of experience in a position that required constant interacting with and fulfilling the requests of customers
- Prepare and coach the preparation of food and beverages to standard recipes or customized for customers, including recipe changes such as temperature, quantity of ingredients or substituted ingredients
- At least six (6) months of experience delegating tasks to other employees and/or coordinating the tasks of two (2) or more employees
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Required Knowledge, Skills and Abilities
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For more information, contact Bill Tyler at Century 21 Full Realty Service.
Voted Best Independent Sandwich Shop in the Inland Empire by The Press-Enterprise readers choice. Centrally located on N Harvard St in the heart of Downtown Hemet, enjoy over 30 different sandwiches and premium salads. Our coffee is made from locally roasted, Organic Coffee Beans from Idyllwild Coffee Roasters. Come taste the difference that is Downtown Deli & Coffee Company. For more information, visit Downtown Deli & Coffee Co. on Facebook.
Contact the writer: trevor.rcns@gmail.com
Trevor Montgomery, 49, moved in 2017 to the Intermountain area of Shasta County from Riverside County and runs Riverside County News Source and Shasta County News Source. Additionally, he writes or has written for several other news organizations; including Riverside County based newspapers, Valley News, (the now defunct) Valley Chronicle, Anza Valley Outlook, and Hemet & San Jacinto Chronicle; as well as Bonsall/Fallbrook Village News in San Diego County and Mountain Echo in Shasta County. Joao vieira poker gain.
Trevor spent 10 years in the U.S. Army as an Orthopedic Specialist before joining the Riverside County Sheriff's Department in 1998. He was medically retired after losing his leg, breaking his back, and suffering both spinal cord and brain injuries in an off-duty accident. (Click here to see segment of Discovery Channel documentary of Trevor's accident.)
During his time with the sheriff's department, Trevor worked at several different stations; including Robert Presley Detention Center, Southwest Station in Temecula, Hemet/Valle Vista Station, Ben Clark Public Safety Training Center, and Lake Elsinore Station; along with other locations.
Trevor's assignments included Corrections, Patrol, DUI Enforcement, Boat and Personal Water-Craft based Lake Patrol, Off-Road Vehicle Enforcement, Problem Oriented Policing Team, and Personnel/Background Investigations. He finished his career while working as a Sex Crimes and Child Abuse Investigator and was a court-designated expert in child abuse and child sex-related crimes.
Trevor has been married for more than 30 years and was a foster parent to more than 60 children over 13 years. He is now an adoptive parent and his 'fluid family' includes 13 children and 18 grandchildren.
Related
Description
Job Summary and Mission
This position contributes to Starbucks success by assisting the store manager in executing store operations during scheduled shifts.This job deploys partners and delegates tasks so that partners can create and maintain the Starbucks Experience for our customers. Models and acts in accordance with Starbucks guiding principles.
Summary of Key Responsibilities
Casino Center And Clark Starbucks Roastery
Responsibilities and essential job functions include but are not limited to the following:
- Acts with integrity, honesty and knowledge that promote the culture, values and mission of Starbucks.
- Maintains a calm demeanor during periods of high volume or unusual events to keep store operating to standard and to set a positive example for the shift team.
- Anticipates customer and store needs by constantly evaluating environment and customers for cues.
- Communicates information to manager so that the team can respond as necessary to create the Third Place environment during each shift.
- Assists with new partner training by positively reinforcing successful performance and giving respectful and encouraging coaching as needed. Provides feedback to store manager on partner performance during shift.
- Contributes to positive team environment by recognizing alarms or changes in partner morale and performance and communicating them to the store manager.
- Creates a positive learning environment by providing clear, specific, timely and respectful coaching and feedback to partners on shift to ensure operational excellence and to improve partnerperformance.
- Delivers legendary customer service to all customers by acting with a customer comes first attitude and connecting with the customer. Discovers and responds to customer needs.
- Develops positive relationships with shift team by understanding and addressing individual motivation, needs and concerns.
- Executes store operations during scheduled shifts. Organizes opening and closing duties as assigned. Follows Starbucks operational policies and procedures, including those for cash handling and safety and security, to ensure the safety of all partners during each shift.
- Follows all cash management and cash register policies and ensures proper cash management practices are followed by shift team.
- Follows up with baristas during the shift to ensure the delivery of legendary customer service for all customers.
- Provides quality beverages, whole bean, and food products consistently for all customers by adhering to all recipe and presentation standards. Follows health, safety and sanitation guidelines for all products.
- Recognizes and reinforces individual and team accomplishments by using existing organizational tools and by collaborating with store manager to find new, creative, and effective methods of recognition.
- Utilizes operational tools to achieve operational excellence during the shift.
- Maintains regular and punctual attendance
Job Qualifications
Summary of Experience
Casino Center And Clark Starbucks Menu
Customer service experience in a retail or restaurant environment - 1 year
Casino Center And Clark Starbucks Headquarters
Basic Qualifications
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- Maintain regular and consistent attendance and punctuality, with or without reasonable accommodation
- Available to work flexible hours that may include early mornings, evenings, weekends, nights and/or holidays
- Meet store operating policies and standards, including providing quality beverages and food products, cash handling and store safety and security, with or without reasonable accommodation
- Six (6) months of experience in a position that required constant interacting with and fulfilling the requests of customers
- Prepare and coach the preparation of food and beverages to standard recipes or customized for customers, including recipe changes such as temperature, quantity of ingredients or substituted ingredients
- At least six (6) months of experience delegating tasks to other employees and/or coordinating the tasks of two (2) or more employees
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Required Knowledge, Skills and Abilities
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- Ability to direct the work of others
- Ability to learn quickly
- Effective oral communication skills
- Knowledge of the retail environment
- Strong interpersonal skills
- Ability to work as part of a team
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Starbucks and its brands are an equal opportunity employer of all qualified individuals.
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