Anchored Shopping Center Investment
8844 Limonite Ave, Jurupa Valley, CA 92509
Retail center anchored by Walmart and Dollar Tree.
Type:Retail
Property size:
78,825 SF- Added:
- Oct 15, 2024
- Days on Market:
- 594
- Last Refresh:
- May 12 at 11:38 pm
Property Features for 8844 Limonite Ave
General Information
- Standard status
- Active
- Size
- 78,825 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing agent David Swerdlow License #02104458
Listing office CBRE - Orange County
Listing date Oct 15, 2024
Source Crexi
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 CBRE - Orange County
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.
- Located at a hard corner, signalized intersection with high traffic counts (Limonite Avenue: 25,500+ CPD, Van Buren Boulevard: 48,400+ CPD).
- Rare opportunity to acquire a grocery‑anchored shopping center in Southern California.
- Located across from Metrolink’s Jurupa Valley/Pedley station.
Overview
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).
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Jurupa Springs Shopping Center — 8838 Limonite Ave, Jurupa Valley, CA 92509
Location Insight
- Map
- Local Demand
- City
- Jurupa Valley
- County
- Riverside
- State
- California
- Longitude
- -117.4758964
- Latitude
- 33.9739969
Nearby Similar for Sale
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.
