Jurupa Springs 8800-8900 Limonite Ave 78,825 SF 92% Leased Retail Building Riverside, CA 92509 For Sale

* Dual Anchored Neighborhood Shopping Center – Few national credit tenant grocery anchored shopping centers come to market in Southern California. Anchored by an established Walmart Neighborhood Market and Dollar Tree, with a synergistic mix of national, regional, and local tenants including Little Caesars Pizza, Yum Yum Donuts, La Michoacana Premium, Cricket Wireless, and others, Jurupa Springs is a rare and compelling retail center investment opportunity

* Dominant, High Credit Anchor Tenancy – Anchored by two dominant retailers representing 68% of the leased GLA with corporate leases

* Founded in 1962, Walmart, (NYSE: WMT) is the world’s largest retailer with a market capitalization of $646+ billion, revenue of $665+ billion, over 10,500 stores in 19 countries, 2.1+ million employees, and an S&P investment grade credit rating of AA

* Founded in 1953, Dollar Tree, (NASDAQ: DLTR) is the dominant discount retailer with a market capitalization of $15+ billion, revenue of $30+ billion, over 16,000 stores in all 48 contiguous US states and 5 Canadian provinces, 200,000 employees, and an S&P investment grade credit rating of BBB

* Significant Brand Name Tenancy – 76% of the leased GLA is leased to credit and brand name national and regional operators including Walmart, Dollar Tree, Little Caesars, Cricket Wireless, and Yum Yum Donuts
* Exceptional NOI Growth Potential – The combination of vacancy lease-up, fixed rental increases, and below market rents indicate potential to grow the NOI nearly $236,000 (17%) upon stabilization and $662,000 (48%) over a 10-year hold period, providing a 3.9% CAGR

* Hard Corner, Signalized Intersection – Positioned on Limonite Avenue (25,500+ CPD) at Collins Street along Van Buren Boulevard (48,400+ CPD) – located across Van Buren from Metrolink’s Jurupa Valley/Pedley station