Newmark Retail Capital Markets is pleased to present the exclusive opportunity to acquire Village West Shopping Center, a 198,877 square-foot, grocery-anchored community shopping center located in Hemet, California. Village West represents the dominant retail asset in the trade area and features an optimal mix of value, destination, and daily-needs tenancy.
Originally developed in 1982, expanded in 2000 and again in 2015 and 2024, Village West occupies the premier retail intersection in Hemet at Florida Avenue and Sanderson Avenue, benefiting from exposure to a combined traffic count exceeding 72,000 vehicles per day. The center offers exceptional access via six points of ingress and egress and serves as the primary retail destination for Hemet, San Jacinto, and surrounding communities.
In 2015, ownership successfully relocated a high-performing Stater Bros to the center, securing the Inland Empire's preferred grocery operator and establishing Village West as one of the chain's top-performing locations. Following CVS's lease expiration in 2022, ownership strategically re-tenanted the former space with Old Navy and WSS, further strengthening the merchandising profile.
The center's tenant roster includes a compelling lineup of nationally recognized brands such as Ross Dress for Less, Goodwill, Panera Bread, Jack in the Box, Popeyes, and Arby's. Recent additions including Dutch Bros Coffee, Five Below, Bath & Body Works, America's Best, and K-Town further reinforce Village West's dominant position within the market.
Situated on 21.8 acres, Village West offers outstanding visibility, strong traffic counts, and convenient access from all four directions along Hemet's two primary arterials. The center captures demand from east and west Hemet, San Jacinto, to the north, and traffic traveling along the Domenigoni Parkway corridor from the south. Residential development in the greater Hemet/San Jacinto market has remained robust, with approximately 2,500 new housing units delivered over the past five years, further enhancing the long-term fundamentals of the trade area.
Village West presents investors with the opportunity to acquire the premier retail asset in the submarket. The irreplaceable real estate, dominant location, diverse and internet-resistant tenant mix, and strong credit profile provide durable cash flow and a compelling hedge within today's retail investment landscape.