Nec Walnut Ave
Greenfield, CA 93927
Carls Jr · Retail Property For Sale

The subject property is prominently situated with excellent access and visibility along Walnut Drive (500 AADT) adjacent the US-101 (31,500 AADT). The site benefits from robust demographics with a population of 18,410 within a five-mile radius. Average household income within five miles of the site is $67,193. The property is located within The Vines at Greenfield, an 11-acre component of the Walnut Avenue Specific Plan, a 63-acre mixed-use development project slated to include up to 445,000 square feet of retail space and 220 multi-family residential units. The site is part of Phase I of the project, which includes a recently completed Starbucks, now open, an ARCO gas station and car wash expected to be completed by spring 2019, hotel space, and approximately 43,000 square feet of retail restaurant and shops space. The first phase is intended to appeal both to the needs of local residents and to serve as a way-station for travelers on the adjacent 101 freeway, a major north-south arterial linking Northern California and the San Francisco Bay area to San Luis Obispo, Santa Barbara, and Los Angeles. Phases 2 and 3 of the specific plan will include up to 80,000 additional square feet of retail space, 220 high-density residential units, and approximately 5.4 acres of recreational/open space. Phase 4 will include additional commercial space over the remaining 22 acres of the project. The development and specific plan are intended to expand Greenfield’s retail profile, increasing retail options both for local residents and the expanded trade area within the southern Monterey County region. Existing retail tenants neighboring the site include Dollar Tree, Rite Aid, True Value, Chase Bank, Wells Fargo, NAPA Auto Parts, O’Reilly Auto Parts, McDonald’s, Fastrip, and more. The site also neighbors numerous schools, including the Mary Chapa Literacy and Technology Academy, Oak Avenue Elementary School, Cesar Chavez Elementary School, Vista Verde Middle School, and Greenfield High School, drawing additional traffic from students, parents, and teachers to the site.