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Marketplace at Merced 645 Fairfield Dr
2,000 - 23,341 SF of Retail Space Available in Merced, CA 95348
Highlights
- Great opportunity to lease a former movie theater space that can be converted to suit one large tenant or divided for many smaller tenants.
- At the Marketplace at Merced, join a wide variety of retailers, including Olive Garden, Target, Kohl’s, Starbucks, Michaels, and Panera.
- Marketplace at Merced's $4.5M renovations to the west side continue to attract potential tenants such as Ulta, Five Below, Petco, and Burlington.
- 635 Fairfield Drive is ideally located at the corner of W Olive Avenue and M Street, with exceptional visibility to 51,974 vehicles passing daily.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000-23,341 SF | 3-10 Years | $21.00 /SF/YR $1.75 /SF/MO $226.04 /m²/YR $18.84 /m²/MO $40,847 /MO $490,161 /YR | Triple Net (NNN) |
635 Fairfield Dr - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
TENANTS AT Marketplace at Merced
- Tenant
- Description
- SIZE
- MOVE DATE
- US Locations
- Reach
- Target
- Dept Store
- -
- -
- 2,731
- International
People can find them — the Target Team — at their favorite store, in their community, across the country and around the world. There are many team members across the globe, all working together for one important reason … To help all families discover the joy of everyday life. That’s their purpose. Their mission. The promise of surprises, fun, ease and inspiration at every turn, no matter when, where or how people shop. That quest to bring joy is at the center of every business decision they make. It gets their teams excited to come to work each day. And they bring it to life in so many ways. Come on in and take a look around.
- JCPenney
- Dept Store
- -
- 11/1977
- 1,273
- National
JCPenney was founded in 1902 with one simple rule – to treat others as they would like to be treated. The Golden Rule was the name of their first store in Kemmerer, Wyoming, and it set the standard by which they have operated for over a century. The name of their stores has evolved, but their focus on putting customers and associates at the heart of what they do remains unchanged.
- CrossFit
- Fitness
- -
- 06/2018
- 5,820
- International
For years, CrossFit has delivered life-changing results to people of all ages and fitness levels. The CrossFit formula combines consistent training through constantly varied, functional movement with sound nutrition and community accountability to build a program that never gets old. CrossFit is a fitness program that produces measurable outcomes through lifestyle changes, centered on training and nutrition. Workouts consist of constantly varied, high-intensity, functional movements, and are most fun and effective among friends at a local CrossFit gym.
- Kohl's
- Dept Store
- -
- 09/2009
- 1,470
- National
Kohl’s is a leading omnichannel retailer with hundreds of stores across the United States. With a commitment to inspiring and empowering families to lead fulfilled lives, Kohl’s offers amazing national and exclusive brands, incredible savings and an easy shopping experience in their stores, online at Kohls.com and on Kohl's mobile app. Since its founding, Kohl's has hundreds of millions of dollars to support communities nationwide, with a focus on family health and wellness.
- Olive Garden
- Restaurant
- -
- 02/2023
- 1,085
- International
Founded in 1982, Olive Garden is owned by Darden Restaurants, Inc. (NYSE:DRI), the world's largest company-owned and operated full-service restaurant company. Olive Garden is the leading restaurant in the Italian casual dining segment. Italy serves as the inspiration for the brand, from its menus to its award-winning wine list to the Tuscan farmhouse design of its restaurants. Most of all, Olive Garden is inspired by the warmth and genuine hospitality of the Italian people, as well as the importance of family in their culture. This passion for Italy led to the establishment of Olive Garden's Culinary Institute of Tuscany in 1999.
| Tenant | Description | SIZE | MOVE DATE | US Locations | Reach |
| Target | Dept Store | - | - | 2,731 | International |
| JCPenney | Dept Store | - | 11/1977 | 1,273 | National |
| CrossFit | Fitness | - | 06/2018 | 5,820 | International |
| Kohl's | Dept Store | - | 09/2009 | 1,470 | National |
| Olive Garden | Restaurant | - | 02/2023 | 1,085 | International |
PROPERTY FACTS FOR 645 Fairfield Dr , Merced, CA 95348
| Min. Divisible | 2,000 SF | Frontage | |
| Center Type | Regional Mall | Gross Leasable Area | 777,174 SF |
| Parking | 3,853 Spaces | Total Land Area | 57.20 AC |
| Stores | 65 | Year Built | 1969 |
| Center Properties | 10 |
| Min. Divisible | 2,000 SF |
| Center Type | Regional Mall |
| Parking | 3,853 Spaces |
| Stores | 65 |
| Center Properties | 10 |
| Frontage | |
| Gross Leasable Area | 777,174 SF |
| Total Land Area | 57.20 AC |
| Year Built | 1969 |
About the Property
635 Fairfield Drive is an opportunity to set up shop at a strategic retail outlet at Marketplace at Merced. Previously used as a United Artists movie theater for many years, this space consists of 23,341 square feet of interior space. The mall's ownership is ready to negotiate tenant improvements, and potentially demise the availability into smaller spaces. Employees and visitors will never have parking issues as Merced Mall has allocated roughly 200 parking spaces to this site. The Marketplace at Merced is undergoing a major redevelopment project to transform the shopping destination into an open-air concept, including a new 56,000-square-foot Cinemark Movie Theater. Cinemark is the largest movie theater chain in the world, generating foot traffic and repeat customers. Other plans for the project include new retail, entertainment, new restaurants, and an upgraded design for the entire mall. Current anchors for Merced Mall include Target, Kohl's, JC Penney, and over 75 other retailers. The property's current zoning, Planned Development (P-D), offers an opportunity to be a part of the revitalization of the greater Merced area. The City of Merced is projected to experience significant population growth, and 635 Fairfield Drive is well-positioned to accommodate that demand. The surrounding area within a 15-mile drive of the complex houses 159,781 residents and is expected to grow 8% within the next five years. This property lies 1.5 miles from Merced Community College and 6 miles from the University of California, Merced (UC Merced), where approximately 16,058 students come to pursue an undergraduate degree each year.
- Food Court
- Kiosk/Cart Space
- Enclosed Mall
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Starbucks | Cafe | $ | 3 min walk |
| Olive Garden | - | - | 4 min walk |
| Jack In The Box | - | - | 4 min walk |
| Dutch Bros | Cafe | $ | 5 min walk |
| Villa's Mexican Food | Mexican | $ | 7 min walk |
| Baskin Robbins | - | - | 9 min walk |
| Wetzel's Pretzels | - | - | 9 min walk |
| Starbucks | Cafe | $ | 8 min walk |
| Panera Bread | - | - | 9 min walk |
| Chipotle | - | - | 9 min walk |
Retail |
||
|---|---|---|
| CVS Pharmacy | Drug Store | 3 min walk |
| CrossFit | Fitness | 7 min walk |
| Hot Topic | Unisex Apparel | 9 min walk |
| Kohl's | Dept Store | 9 min walk |
| JCPenney | Dept Store | 9 min walk |
| Target | Dept Store | 8 min walk |
| Ross Dress for Less | Other Retail | 11 min walk |
| Best Buy | Consumer Electronics | 11 min walk |
| Planet Fitness | Fitness | 11 min walk |
| 7-Eleven | Convenience Market | 13 min walk |
Leasing Agent
Leasing Agent
Ernie Ochoa, CCIM, CCIM
Ernie Ochoa attained his real estate license in 1998 and served as Sales Manager at Century 21 M&M Associates from 2005-2008. Previously, Mr. Ochoa also worked as an Assistant Office Manager/Owner of London Properties from 2015 to 2019, where he oversaw brokerage needs in leasing and selling properties. Presently, Ernie Ochoa has many real estate associations that he manages, including State Director for the California Association of Realtors since 2010, President of Merced County Association of Realtors in 2011, Commercial Committee Chair for Merced County Association of Realtors in 2012, Regional Chairman for California Association of Realtor 2014, and Commercial Investment Chair for California Association of Realtor 2019.
Ernie Ochoa earned his real estate knowledge from Merced College and Cal Poly San Luis Obispo, where he completed courses such as CCIM 101,102,103, and 104, Commercial Real Estate Negotiations, and passed the CCIM Comprehensive Final Exam.
-
Ernie Ochoa, CCIM -
Keller Williams Property Team - Commercial
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Marketplace at Merced | 645 Fairfield Dr
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