Neighborhood Shopping Center Anchored by Circle
For Sale
Contact for pricing
Pending
1542-1598 Orange Street, Redlands, CA 92374
Neighborhood shopping center is 80% occupied, anchored by a long-tenured Circle K with a fresh 10-year lease extension.
Property Size39,339 SF
Days on Market142
Property Features for 1542-1598 Orange Street
General Information
Standard status
Pending
Size
39,339 SF
Property subtype
Retail
Occupancy
80%
Building Details
Tenancy
Multi
Listing Agency:
Progressive Real Estate Partners
(909) 230-4500
Listed By:
Greg Bedell · License #CA 01942970
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 29 at 9:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Progressive Real Estate Partners
Investment Insights
Based on property information with market context.
The Grove is an 80% occupied neighborhood shopping center totaling 39,339 square feet, presented for sale in Redlands, CA. The center is anchored by a Circle K with 34 years of operating history at the site and a newly extended 10-year lease term.
The property is structured to provide income diversification, with no individual tenant (other than Circle K) accounting for more than 9.94% of center income. Current tenants show an average occupancy history of 11 years, and 72% of income is derived from tenants with 10 years or more of occupancy history. The offering also includes additional opportunity tied to lease-up of the final two vacancies, with the remarks citing all-cash returns of approximately ±7.43% and cash-on-cash returns of approximately ±10.33%.
The property is structured to provide income diversification, with no individual tenant (other than Circle K) accounting for more than 9.94% of center income. Current tenants show an average occupancy history of 11 years, and 72% of income is derived from tenants with 10 years or more of occupancy history. The offering also includes additional opportunity tied to lease-up of the final two vacancies, with the remarks citing all-cash returns of approximately ±7.43% and cash-on-cash returns of approximately ±10.33%.
Key Highlights
- 80% occupied neighborhood shopping center in Redlands, CA, totaling 39,339 SF.
- Anchored by Circle K with 34 years of operating history at the site and a fresh 10‑year lease extension.
- Diversified tenant income: no individual tenant (outside Circle K) accounts for more than 9.94% of center income.
Property Analytics
Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 11%
Electronics 3%
Circle K
Shops & Services
12,795 visits/mo
0.1 miles
Orange Discount
Shops & Services
3,254 visits/mo
0.1 miles
SUBWAY
Dining
2,030 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
635 visits/mo
0.4 miles
Demographics for 92374, CA
43,587
Population
15,038
Households
2.9
Avg Household Size
35
Median Age
37%
College-Educated
90%
High-School Grad
17.9 sq mi
ZIP Area
2,435
Density / Sq Mi
$96,237
Median Household Income
$41,349
Median Earnings
$1,972
Median Rent
$494,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- North Redlands Shopping Center — 1542-1560 orange st, redlands, ca 92374
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center is 80% occupied, anchored by a long-tenured Circle K with a fresh 10-year lease extension.
Where is this shopping center located?
The property is located at 1542-1598 Orange Street Redlands, CA.
What are key features of this property?
This property features: 80% occupied neighborhood shopping center in Redlands, CA, totaling 39,339 SF.; Anchored by Circle K with 34 years of operating history at the site and a fresh 10‑year lease extension.; Diversified tenant income: no individual tenant (outside Circle K) accounts for more than 9.94% of center income.
