Marcus and Millichap has been selected to represent the fee simple interest in a portion of Sun Lakes Village. Sun Lakes Village is an approximate 220,000 square foot Grocery anchored community shopping center located off the I-10 Freeway in the city of Banning, California. The offering consists of a 97,380 square foot inline retail property sitting on a 7.79-acre parcel with 3 tenants on NNN leases with below market rents of $0.80 per square foot. The tenant roster consists of Marshalls, Hobby Lobby, and Big 5 Sporting Goods. The property has an excellent mix of necessity based retail and high performing category leaders, some of which include Albertson’s, PetSmart, Boot Barn, Chipotle, US Bank and Carl’s Jr. The real estate benefits from its visibility from Highland Springs Avenue (23,300 VPD), one of the most highly traveled thoroughfares within Banning, with close proximity to the I- 10 freeway (275K+ VPD) on and off ramp, and monument sign and a 65-foot freeway sign providing excellent freeway visibility. The Beaumont and Banning trade area has been experiencing tremendous growth with more than 7,000 built and thousands more planned or under construction by national home builders including Tri Pointe, Diversified Pacific, and Vintage Stone Eagle, LLC. This residential growth has reignited retail momentum as quality retailers including Pet Smart, Boot Barn, Smart & Final, ALDI, In-N-Out Burger, & Planet Fitness have committed to the market. Sun Lakes Village’s location is ideal with direct access to most of Banning and Beaumont’s residential communities, further distinguishes itself as the only Grocery and Drug project in the submarket.