Neighborhood Shopping Center Anchored by Circle
1542-1598 Orange Street Redlands, CA 92374
1542-1598 Orange Street, Redlands, CA, 92374
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market102
Property Features for 1542-1598 Orange Street
General Information
- Standard status
- Pending
- Size
- 39,339 SF
- Property subtype
- Retail
Listing agency
Progressive Real Estate Partners
(909) 230-4500
Listed by
Greg Bedell · License #CA 01942970
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 2:49AM Checked: Jul 21 at 2:49AM
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
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- North Redlands Shopping Center — 1542-1560 orange st, redlands, ca 92374
FAQs
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.
