8844 Limonite Ave Jurupa Valley, CA 92509

Building Details

Year Built

1980

Listing office CBRE - Orange County a***@cbre.com Show Phone

Listing date Oct 15, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

This neighborhood shopping center is anchored by a Walmart Neighborhood Market and Dollar Tree, accompanied by a mix of national, regional, and local tenants such as Little Caesars Pizza, Yum Yum Donuts, La Michoacana Premium, and Cricket Wireless. The property benefits from its position on the hard corner of Limonite Avenue (with over 25,500 cars per day) and Collins Street, along Van Buren Boulevard (with over 48,400 cars per day), across from Metrolink’s Jurupa Valley/Pedley station. The property totals 78,825 square feet. Brand name tenants occupy 76% of the leased gross leasable area (GLA), including Walmart, Dollar Tree, Little Caesars, Cricket Wireless, and Yum Yum Donuts. The combination of vacancy lease-up, fixed rental increases, and below market rents indicate potential to grow the net operating income (NOI) more than $158,000 (11%) upon stabilization and $608,000 (42%) over a 10-year hold period, providing a 3.6% compound annual growth rate (CAGR).

Key Highlights

• Anchored by Walmart Neighborhood Market and Dollar Tree, representing 68% of leased GLA with corporate leases.
• Significant NOI growth potential of over $158,000 (11%) upon stabilization.
• 76% of leased GLA is leased to credit and brand name national and regional operators.

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FAQs

What type of property is this?

Shopping center - Retail center anchored by Walmart and Dollar Tree.

Where is this shopping center located?

The property is located at 8844 Limonite Ave Jurupa Valley, CA.

What are key features of this property?

This property features: Anchored by Walmart Neighborhood Market and Dollar Tree, representing 68% of leased GLA with corporate leases.; Significant NOI growth potential of over $158,000 (11%) upon stabilization.; 76% of leased GLA is leased to credit and brand name national and regional operators.