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20372340
20372341

8844 Limonite Ave, Jurupa Valley, CA 92509

DS
CA 02104458
CBRE - Orange County
AK
CA 00880814
Marcus & Millichap
JR
CA 01359444
CBRE - Orange County
Listed by CBRE - Orange County, Marcus & Millichap
Unpriced
602 days on market
Updated 78 days ago

Jurupa Springs

Details
APN 163-042-069
Property Type Retail
Sub Type Grocery Store, Shopping Center
Square Footage 78,825
Net Rentable (SqFt) 78,825
Occupancy 96%
Tenancy Multi
Brand/Tenant Dollar Tree, Walmart
Price per SqFt $263
Year Built 1980
Year Renovated 2014
Acreage 7.000

SoCal Grocery Anchored Center – High Credit Dual Anchored – Below Market Rents

Marketing description

  • 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 Tenancy76% 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

Listing Contacts

DS
CA 02104458
CBRE - Orange County
AK
CA 00880814
Marcus & Millichap
JR
CA 01359444
CBRE - Orange County
Listed by CBRE - Orange County, Marcus & Millichap

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Additional Information

Name
David Swerdlow
License
02104458
Brokerage Phone
9497694855
Name
Alan Krueger
License
00880814
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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