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0 Fully Operational Retail Storefront Corona, CA 92882

OFF-MARKET Retail properties & Spaces Google Maps
10,000 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Total area 10,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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