This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Jurupa Springs

2 Retail Properties Offered at £16,299,552 in Jurupa Valley, CA

Investment Highlights

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

Executive Summary

*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 $648+ 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 $14+ 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 – 73% 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

*Low In-Place Rents – Property wide, rents are ±23% below current market rates, enhancing tenant stability and competitiveness, and providing strong rental growth

*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

*Attractive, Better-Than-Market Existing Financing – Contact CBRE team for details

Property Facts

Price £16,299,552
Price / SF £206.78 / SF
Net Initial Yield 6.50%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 78,825 SF
Total Land Area 7.02 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
8830-8900 Limonite Ave, Jurupa Valley, CA 92509 Retail 72,418 SF 1980 -
8910-8920 Limonite Ave, Jurupa Valley, CA 92509 Retail 6,407 SF 2008 -
Show More > < Show Less
  • Listing ID: 33522547

  • Date on Market: 15/10/2024

  • Last Updated:

  • Address: Jurupa Springs, Jurupa Valley, CA

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}