for sale $1,440,000 - loopnet...for sale $1,440,000 lenwood area near proposed casino/hotels one of...
TRANSCRIPT
FOR SALE
$1,440,000
Lenwood Area Near Proposed Casino/hotels
One of the largest individually owned parcels in the area Barstow, CA
VERY LARGE AREA PROJECTS IN PROCESS
TWO INDIAN TRIBES ARE AWAITING A RESPONSE TO THEIR APPLICATIONS TO BUILD CASINO HOTELS, EITHER OF WHICH WOULD DRAMATICALLY CHANGE THE LAND-SCAPE OF BARSTOW AND GENERATE A LARGE DEMAND FOR HOUSING, MORE RETAIL/RESTAURANTS/HOTELS AND SUPPORTING USES.
“THE OUTLETS AT BARSTOW” ADDING 40-60,000 S.F. 800,000 S.F. SPANISH TRAILS MIXED USE PROJECT AT “L”
STREET IN PLANNING Rev. 09/20/16
ADDITIONAL 160 ACRES ALSO AVAILABLE
Ideally located between Interstate 15 and Highway 247 with future plans to build roads connecting the two
DISCLAIMER: This information has been obtained from sources believed to be reliable. It is not verified and we make no guarantee, warranty or representation about any portion of it. Any opinions or assuptions are used for example only and do not represent the current or future performance of the property. You and your advisors should consult a careful, independent investigation of the property and consult with your profession-als to determine to your satisfaction as to its suitability for your needs.
DETAIL THE HIGHLY SUCCESSFUL BARSTOW
OUTLET MALL AREA
HIGHLIGHTS OF THIS INTERCHANGE
“Outlets at Barstow” discount mall and was the #1 outlet mall in its chain in
2015 Very high annual taxable sales from all retail in this area 5-7% annual increase in annual taxable sales during the steep economic
downturn Some of the chain restaurants’ highest producing stores are located at this
intersection with several, including In ‘n Out Burger and Del Taco reportedly in the top five stores of their chains. Most are in the top 3-5%.
Hotel occupancy over 84% Outlet mall that will add 40-60,000 s.f. would add jobs/housing demand Casino projects would attract many more tourists to the area and add over
1000 new jobs each Two hotels will begin construction winter 2016 New Asian Food Court opened July 2016 Over 20,000 cars per day exit at Lenwood Road. Major tour bus stop All parcels are either fully improved with utilities, sewer, streets, curbs and
gutters or utilities and sewers are to the property lines Pilot Truck Stop is in the top five in its chain Rev. 09/20/16
# ROOMS
Ayres Hotel* 92
Days Inn 107
Holiday Inn Express 110
Hampton Inn and Suites 110
Comfort Suites 85
TOTAL 504
* Former Country Inn and Suites purchased by Ayres Hotels in 2016
Two hotels will begin construction winter 2016
Rev. 09/20/16
26 EXISTING, HIGHLY SUCCESSFUL RESTAURANTS*
Arby’s **Asian Food Court Burger King
Carl’s Jr. Chester’s Chicken Chili’s
Chipotle Denny’s Del Taco
El Pollo Loco Fatburger Godfather’s Pizza
iHop In ‘n Out Burger Love’s Subs
McDonald’s Original Tommy’s **Oggie’s
Panda Express Panera Bread Starbuck’s (3)
Subway (3)
* Most are in the top 3% of their chains ** New in 2016
Rev. 9/1/16