0 Fully Operational Retail Storefront Corona, CA 92882
Property summary
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.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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