0 Fully Operational Retail StorefrontCorona, CA 92882

Property Details for 0 Fully Operational Retail Storefront

Property size (Sq ft)

10,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.8438

Longitude

-117.608

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