224 S Joy St
Corona, CA 92879
Corona Day Care · Retail Property For Sale

Investment Highlights * Attractive in-place 7.0% cap rate * New 10-year lease with 1.8% annual rent increases (8.39% cap rate by Year 10) * Tenant recently invested over $375,000 of tenant improvements into the property, showing strong commitment to the location * Low maintenance - minimal landlord responsibilities * New roof installed in 2014 * Low price point - rare SoCal commercial investment opportunity under $1MM * Internet-proof business - day care services cannot be replaced by computers * Conveniently located close to Orange and Los Angeles Counties Location Highlights: * Quality Children's Services is located in a dense residential area, with over 38,000 households in a 3-mile radius, with an average household income over $88,000 * Centrally located “Inside the Circle” of Corona, near the Main St. entrance to the CA-91 freeway * Retail vacancy in Corona is among the lowest in the Inland Empire, at only 6.0%, compared with 8.1% for the Inland Empire