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Junior Anchors @ Stagecoach Plaza 3453 W Ramsey St 52,264 SF 98% Leased Retail Building Banning, CA 92220 $4,616,000 ($88.32/SF) 6.25% Cap Rate
Investment Highlights
- Southern California Grocery Anchored Center
- Significantly Below Market Rents – Property wide, rents at Stagecoach Plaza are approximately 46% below current market rates
- High-Quality, Brand Name Tenancy – 74% of the owned GLA is leased to national brands Dollar Tree, Harbor Freight Tools, and AutoZone
- Neighborhood Grocery Center & Commuter Pit-Stop Destination – Strategically located on the I-10 Freeway
Executive Summary
* Southern California Grocery Anchored Center – Anchored by Cardenas Markets (also available for purchase) and Dollar Tree alongside Harbor Freight, and AutoZone, Stagecoach Plaza offers a stable roster of national credit tenants
* High-Quality, Brand Name Tenancy – 74% of the owned GLA is leased to national brands Dollar Tree, Harbor Freight Tools, and AutoZone, providing a stable and reliable income stream for the property
* Significantly Below Market Rents – Property wide, rents at Stagecoach Plaza are approximately 46% below current market rates, enhancing tenant stability and competitiveness while providing strong rental growth potential in the future
* Deep Discount to Replacement Cost – Priced at just $88 PSF, Stagecoach Plaza will trade significantly below its estimated land-inclusive replacement cost, estimated to exceed $350 PSF
* Neighborhood Grocery Center & Commuter Pit-Stop Destination – Strategically located on the I-10 Freeway along the primary route between LA/OC and Palm Springs, Stagecoach Plaza meets the needs of the surrounding Banning community and also serves as a convenient commuter stop
* High-Quality, Brand Name Tenancy – 74% of the owned GLA is leased to national brands Dollar Tree, Harbor Freight Tools, and AutoZone, providing a stable and reliable income stream for the property
* Significantly Below Market Rents – Property wide, rents at Stagecoach Plaza are approximately 46% below current market rates, enhancing tenant stability and competitiveness while providing strong rental growth potential in the future
* Deep Discount to Replacement Cost – Priced at just $88 PSF, Stagecoach Plaza will trade significantly below its estimated land-inclusive replacement cost, estimated to exceed $350 PSF
* Neighborhood Grocery Center & Commuter Pit-Stop Destination – Strategically located on the I-10 Freeway along the primary route between LA/OC and Palm Springs, Stagecoach Plaza meets the needs of the surrounding Banning community and also serves as a convenient commuter stop
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
52,264 SF
Building Class
B
Year Built
1972
Price
$4,616,000
Price Per SF
$88.32
Cap Rate
6.25%
NOI
$288,504
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.30
Lot Size
3.96 AC
Zoning
GC - General Commercial
Parking
377 Spaces (4.33 Spaces per 1,000 SF Leased)
Frontage
359’ on W Ramsey St
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Doraval Discount
- Retailer
- -
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$9.99
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Lorem Ipsum
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Jan 0000
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- Retailer
- -
- -
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Lorem Ipsum
-
Jan 0000
Harbor Freight Tools began as a mail-order tool business in Southern California in 1977 and has since expanded into a retail and e-commerce company serving customers across the United States. The company sells a wide assortment of tools and equipment, including automotive products, hand tools, power tools, storage solutions, outdoor power equipment, generators, welding supplies, and shop equipment. Harbor Freight has built its business around value-focused sourcing and direct retail distribution, with stores supported by online shopping and customer support services. The business remains centered on serving DIY users, tradespeople, and other customers who need practical tools and equipment for everyday projects.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Doraval Discount | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Retailer | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former hair salon
| Space | Size | Space Use | Position | Available |
| 3515 | 1,080 SF | Retail | In-Line | Now |
3515
| Size |
| 1,080 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
3515
| Size | 1,080 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former hair salon
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,148,673 | |
| Land Assessment | $1,536,064 | Total Assessment | $6,684,737 |
Property Taxes
Parcel Numbers
Land Assessment
$1,536,064
Improvements Assessment
$5,148,673
Total Assessment
$6,684,737
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