818-823-8967
12508 Limonite Ave, Eastvale, CA for Sale
Fast Food - FOR SALE
1/5
null | Request Cap Rate

12508 Limonite Ave
Eastvale, CA 91752
Mira Loma


HIGHLIGHTS

  • Long Term Ground Lease
  • High Visibility Location
  • Thriving Retail Market
  • Six (6) Five-Year Auto Renewal Options extending the lease to 2061

OVERVIEW

The property is occupied by McDonald's under a long-term ground lease featuring six (6) automatic five-year renewal options, requiring no notice to extend and providing tenancy through 2056. Eastvale, a thriving city in Riverside County, California, presents a compelling opportunity for retail investment. Its affluent population (median household income of $156,922), steady growth (71,158 residents in 2024), and strategic location with easy freeway access (15, 60, 71, and 91) drive strong demand. Retail rents average $32.00/SF triple net, exceeding the Inland Empire average by 15%, while vacancy rates remain low at 4.8%. Recent sales activity, including $58 million in the first three quarters of 2024, underscores the city’s appeal. Eastvale Gateway South is part of the larger Eastvale Gateway retail hub; one of the Inland Empire’s premier power centers, strategically located at the high-traffic intersection of Limonite Avenue & Hamner Avenue in the rapidly growing City of Eastvale. The center benefits from direct visibility and easy access to the Ontario Freeway (I-15), the primary north–south corridor serving western Riverside and San Bernardino Counties. This strategic placement allows the property to draw from several dense, high-income trade areas, including Eastvale, Mira Loma, Ontario, Corona, Norco, and Chino. The center records over 10 million annual visitors, driven by its powerhouse tenant mix and its proximity to SilverLakes Sports Park, which alone draws 1 million visitors per year. The center also benefits from extremely strong vehicular traffic counts, with a prime intersection generating 162,384 cars per day (CPD), making it one of the highest-visibility retail locations in the Inland Empire. Eastvale offers a robust market for premium retail, dining, and entertainment, supported by ongoing housing development.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C-P-S

APN/PARCEL ID

152-650-013

ASK ABOUT THIS PROPERTY

Edward MatevosianCBRE, Inc.More Info
818-823-8967

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Edward MatevosianCBRE, Inc.More Info
818-823-8967

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.