Starbucks | Popeye's Chicken | Habit Burger | 1500 W Valley Blvd
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Starbucks | Popeye's Chicken | Habit Burger 1500 W Valley Blvd
13,450 SF Retail Building Colton, CA 92324 $15,000,000 ($1,115/SF) 4.62% Cap Rate
Investment Highlights
- 4 National Tenants with 10% Increases Every 5 Years
- 197,000 Daily Traffic on the 1-10 Fwy
- Property Features 3 Drive-Thrus
- 50 Ft Pylon Sign on 1-10 Fwy
- 200,356 Daily Traffic on N. Pepper Ave
- Consists of Three 1-Acre Parcels
Executive Summary
Marcus & Millichap is pleased to present Colton Gateway Center, a retail investment property consisting of 2 single tenants and a 4 tenant
inline property, all sitting on 1-acre parcels each with dedicated drive-through lanes. The tenant roster consists of Starbucks, Popeye’s, Habit Burger, Firehouse Subs, and Roll ‘em Up Taquitos. The real estate is well positioned between the I- 10 Freeway and Arrowhead Regional Medical Center. The property sits at the Pepper Avenue off-ramp and the I- 10 freeway, where traffic exceeds 197,000 cars per day. The property is located directly across from Arrowhead Regional Medical Center, which is an Accredited Level I Trauma Center with a 456-bed acute care facility located on a 70-acre campus. ARMC has the second busiest Emergency Department in the State of California and experiences over 7,000 visitors a day. It employs over 3,300 people and provides emergency care for approximately 130,460 County residents, 113,769 admissions, and approximately 254,000 outpatient visits annually.
The property was constructed in 2019-2020 and is of institutional quality construction with tall stone facade storefronts. All the buildings have an individual parcel number, allowing for a spin-off strategy should an investor elect to sell one or all of them in the future.
The city of Colton has been experiencing tremendous growth, as evidenced in the number of ongoing and completed development projects, including the opening of California State University of Science and Medicine, a 3-story Vascular and Endoscopy Outpatient Center, a I-10 and Pepper Ave Freeway Interchange, and numerous retail, residential and office projects in the immediate trade area.
inline property, all sitting on 1-acre parcels each with dedicated drive-through lanes. The tenant roster consists of Starbucks, Popeye’s, Habit Burger, Firehouse Subs, and Roll ‘em Up Taquitos. The real estate is well positioned between the I- 10 Freeway and Arrowhead Regional Medical Center. The property sits at the Pepper Avenue off-ramp and the I- 10 freeway, where traffic exceeds 197,000 cars per day. The property is located directly across from Arrowhead Regional Medical Center, which is an Accredited Level I Trauma Center with a 456-bed acute care facility located on a 70-acre campus. ARMC has the second busiest Emergency Department in the State of California and experiences over 7,000 visitors a day. It employs over 3,300 people and provides emergency care for approximately 130,460 County residents, 113,769 admissions, and approximately 254,000 outpatient visits annually.
The property was constructed in 2019-2020 and is of institutional quality construction with tall stone facade storefronts. All the buildings have an individual parcel number, allowing for a spin-off strategy should an investor elect to sell one or all of them in the future.
The city of Colton has been experiencing tremendous growth, as evidenced in the number of ongoing and completed development projects, including the opening of California State University of Science and Medicine, a 3-story Vascular and Endoscopy Outpatient Center, a I-10 and Pepper Ave Freeway Interchange, and numerous retail, residential and office projects in the immediate trade area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
13,450 SF
Building Class
C
Year Built
2020
Price
$15,000,000
Price Per SF
$1,115
Cap Rate
4.62%
NOI
$692,668
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
3.00 AC
Opportunity Zone
Yes
Parking
130 Spaces (9.67 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $10,917,958 | |
Land Assessment | $3,647,642 | Total Assessment | $14,565,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,647,642
Improvements Assessment
$10,917,958
Total Assessment
$14,565,600
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Starbucks | Popeye's Chicken | Habit Burger | 1500 W Valley Blvd
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