Fully Operational Retail Storefront Corona, CA 92882
- Retail properties
- 10,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Fully Operational Retail Storefront
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional opportunity presents a fully operational 10,000-square-foot retail storefront in Corona, California, strategically located in Riverside County. Currently generating strong sales, projected to reach $3 million in pre-tax gross revenue for 2024, this established business boasts a prime location benefiting from significant commuter traffic. Approximately 300,000 vehicles daily traverse the Riverside-Orange County line, providing substantial exposure. The property serves a population of roughly 160,000 with a median income of approximately $89,000, ensuring a robust customer base. The building itself offers ample parking with 20 available stalls and possesses expansion potential, qualifying for non-retail licenses. The property is offered at $1,495,000. A new lease will be required by the buyer, with terms including a monthly rate of $2.50 per square foot ($25,000) plus NNN, subject to 3% annual increases. The lease term is five years with two options to extend. This is a rare chance to acquire a thriving retail business in a high-growth area. The zip code is 92882.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corona
- County
- Riverside
- State
- California
- Longitude
- -117.608
- Latitude
- 33.8438
