949-725-8606
8800-8900 Limonite Ave, Riverside, CA for Sale
Retail - FOR SALE
1/7
null | Request Cap Rate

8800-8900 Limonite Ave
Riverside, CA 92509
Pedley


OVERVIEW

* Dual Anchored Neighborhood Shopping Center – Few national credit tenant grocery anchored shopping centers come to market in Southern California. Anchored by an established Walmart Neighborhood Market and Dollar Tree, with a synergistic mix of national, regional, and local tenants including Little Caesars Pizza, Yum Yum Donuts, La Michoacana Premium, Cricket Wireless, and others, Jurupa Springs is a rare and compelling retail center investment opportunity  * Dominant, High Credit Anchor Tenancy – Anchored by two dominant retailers representing 68% of the leased GLA with corporate leases * Founded in 1962, Walmart, (NYSE: WMT) is the world’s largest retailer with a market capitalization of $646+ billion, revenue of $665+ billion, over 10,500 stores in 19 countries, 2.1+ million employees, and an S&P investment grade credit rating of AA * Founded in 1953, Dollar Tree, (NASDAQ: DLTR) is the dominant discount retailer with a market capitalization of $15+ billion, revenue of $30+ billion, over 16,000 stores in all 48 contiguous US states and 5 Canadian provinces, 200,000 employees, and an S&P investment grade credit rating of BBB  * Significant Brand Name Tenancy – 76% of the leased GLA is leased to credit and brand name national and regional operators including Walmart, Dollar Tree, Little Caesars, Cricket Wireless, and Yum Yum Donuts  * Exceptional NOI Growth Potential – The combination of vacancy lease-up, fixed rental increases, and below market rents indicate potential to grow the NOI more than $158,000 (11%) upon stabilization and $608,000 (42%) over a 10-year hold period, providing a 3.6% CAGR  * Hard Corner, Signalized Intersection – Positioned on Limonite Avenue (25,500+ CPD) at Collins Street along Van Buren Boulevard (48,400+ CPD) – located across Van Buren from Metrolink’s Jurupa Valley/Pedley station

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

CROSS STREETS

SWC Limonite & Van Buren Aves.

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

C1/CP

APN/PARCEL ID

163-042-069

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

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