Available For Sale - Retail

1,999 SF | Show Pricing $

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LISTED BY

Toby Tewell
Lee & Associates, 951-276-3662
Carly Hamilton
Lee & Associates, 951-276-3663
Mason Wilson
Lee & Associates, 951-276-3603

AVAILABILITY DETAILS

Size
1,999 SF
Price/SF
Show Pricing $
Listing ID
SA563046
Notes
THE OFFERING

Lee & Associates is pleased to present for sale a +1,999

square foot retail convenience store located within the

Shadow Rock Commerce Center in Riverside California.

This standalone retail building was built in 1971, and has

continuously been professionally managed and meticulously

maintained. The property provides an owner/investor steady

rental income with an ability to market-to-market the space

upon lease expiration, and take advantage of the foot and

street traffic generated by the park tenants as well as busy

Rubidoux Boulevard. A new owner has potential upside in

acquiring a building under market value while maintaining

annual income from a long-term tenant, who has been

at the project since 2021. The asking price of $539,222

represents an opportunity to acquire a highly sought after

Southern California retail building at the attractive low price

of $269.75 per square foot; well below replacement cost.



PROPERTY SUMMARY

OFFERING PRICE: $539,222

PRICE PSF: $269.75

CURRENT OCCUPANCY: Occupied

BUILDING SIZE: 1,999 SF

TENANT: GB Market, Inc. (Retail Convenience

Store)

REMAINING LEASE TERM: 6 Years (12/31/2030 Lease Expiration)

APN: 178-251-002

ANNUAL NOI: $33,701.40

CAP RATE: 6.25%
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Toby Tewell, Lee & Associates