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1180 N State St 17,230 SF Retail Building San Jacinto, CA 92583 $5,301,154 ($307.67/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Unlock the opportunity to own a freestanding flagship retail building with a drive-thru at a coveted signalized corner location.
- All the fixtures are still in place, including counters, shelves, refrigerators, safes, closed-circuit cameras, and security systems.
- Potential to restripe for compact cars, creating 10 additional parking spaces for a total of approximately 80 vehicles.
- At the signalized intersection of W Ramona Expressway (SR 79) and N State Street, traveled by over 69,465 cars per day, providing excellent exposure.
- Have a front row seat to the growth of San Jacinto and be just minutes away from the esteemed Mt. San Jacinto College.
EXECUTIVE SUMMARY
Sanjo Investments is pleased to present 1180 N State Street, a unique 17,230-square-foot vacant building available for sale within the Village at San Jacinto. Specifically designed in 2008 as a freestanding Rite Aid store, the space encompasses a full-service drive-thru pharmacy, a Thrifty Ice Cream Service Counter, refrigeration cases, and a cyclone security system. These amenities are still available in the building for the tenant's future use. Additionally, this site is easily adaptable for fast-food service.
1180 N State Street is at the four-way signalized intersection of Ramona Expressway (State Route 79) and N State Street on a separate freestanding pad of 64,470 square feet. Included as part of the Village at San Jacinto, which has parking for each of its separate, standalone pads. This property has 70 car parking spaces with the potential to restripe for compact cars and create an additional 10 spaces for a total of 80 car parking spaces.
The strategic positioning of the center experiences a daily traffic volume of 36,685 vehicles on W Ramona Expressway (State Route 79) and 32,780 vehicles on N State Street. This retail destination offers excellent visibility for both building and monument signage, ensuring maximum exposure.
The Village at San Jacinto is a Stater Bros.-anchored center with adjoining popular retailers, including Del Taco, Starbucks, FedEx Ship Center, and Carl’s Jr., which can benefit future tenants or owners through adjacency. 1180 N State Street is approximately 0.5 miles from Mt. San Jacinto College - San Jacinto Campus, which boasts an enrollment of over 13,988 students. Situated in a burgeoning area of the City of San Jacinto, the property is surrounded by a population of over 134,660 residents within a 3-mile radius, with an expected growth rate of over 5.7% from 2024 to 2029. This versatile building offers tenants and buyers a rare opportunity to establish themselves at the heart of San Jacinto’s vibrant and growing community.
1180 N State Street is at the four-way signalized intersection of Ramona Expressway (State Route 79) and N State Street on a separate freestanding pad of 64,470 square feet. Included as part of the Village at San Jacinto, which has parking for each of its separate, standalone pads. This property has 70 car parking spaces with the potential to restripe for compact cars and create an additional 10 spaces for a total of 80 car parking spaces.
The strategic positioning of the center experiences a daily traffic volume of 36,685 vehicles on W Ramona Expressway (State Route 79) and 32,780 vehicles on N State Street. This retail destination offers excellent visibility for both building and monument signage, ensuring maximum exposure.
The Village at San Jacinto is a Stater Bros.-anchored center with adjoining popular retailers, including Del Taco, Starbucks, FedEx Ship Center, and Carl’s Jr., which can benefit future tenants or owners through adjacency. 1180 N State Street is approximately 0.5 miles from Mt. San Jacinto College - San Jacinto Campus, which boasts an enrollment of over 13,988 students. Situated in a burgeoning area of the City of San Jacinto, the property is surrounded by a population of over 134,660 residents within a 3-mile radius, with an expected growth rate of over 5.7% from 2024 to 2029. This versatile building offers tenants and buyers a rare opportunity to establish themselves at the heart of San Jacinto’s vibrant and growing community.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
17,230 SF
Building Class
B
Year Built
2007
Price
$5,301,154
Price Per SF
$307.67
Cap Rate
6.50%
NOI
$344,600
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.27
Lot Size
1.48 AC
Zoning
C-P-S - Commercial
Parking
70 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
1180 N State Street was constructed for Rite Aid in 2008 with a full-service drive-thru Pharmacy, a Thrifty Ice Cream Service Center, and approximately 13,000 to 14,000 square feet of retail space. The pharmacy area has restrooms, an employee break room, several medical-style safes, and a self-service blood pressure testing station. All the fixtures are still in place, along with freezers and refrigerators. Exterior window areas are protected with roll-down cyclone covers and a comprehensive security system. The property does include a full HVAC system. A warehousing elevator provides access to a second internal storage area, featuring a ground-level loading door, a pedestrian exit, and a fire door.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 17,230 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 17,230 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 17,230 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
1180 N State Street was constructed for Rite Aid in 2008 with a full-service drive-thru Pharmacy, a Thrifty Ice Cream Service Center, and approximately 13,000 to 14,000 square feet of retail space. The pharmacy area has restrooms, an employee break room, several medical-style safes, and a self-service blood pressure testing station. All the fixtures are still in place, along with freezers and refrigerators. Exterior window areas are protected with roll-down cyclone covers and a comprehensive security system. The property does include a full HVAC system. A warehousing elevator provides access to a second internal storage area, featuring a ground-level loading door, a pedestrian exit, and a fire door.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
12,707
56,165
134,660
188,485
2029 Population
13,361
59,294
142,344
194,131
2024-2029 Projected Population Growth
5.2%
5.6%
5.7%
3.0%
Median Age
33.9
33.5
35.1
37.1
College Degree + Higher
12%
12%
12%
8%
Daytime Employees
1,530
8,576
26,398
34,871
Total Businesses
199
1,260
3,873
5,163
Average Household Income
$82,097
$76,271
$69,967
$83,176
Median Household Income
$64,212
$58,261
$50,859
$63,514
Total Consumer Spending
$126.6M
$521.9M
$1.3B
$1.9B
2024 Households
3,751
16,115
42,908
61,458
Average Home Value
$297,364
$335,378
$302,689
$402,277
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 433-291-048 | Improvements Assessment | $6,030,493 |
| Land Assessment | $1,820,524 | Total Assessment | $7,851,017 |
PROPERTY TAXES
Parcel Number
433-291-048
Land Assessment
$1,820,524
Improvements Assessment
$6,030,493
Total Assessment
$7,851,017
1 of 22
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1180 N State St
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