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Rite Aid 3000 S Archibald Ave

16,549 SF Retail Building Ontario, CA 91761 $5,580,000 ($337/SF) 10% Cap Rate

Investment Highlights

  • Free standing with Drive-Through
  • The central of Inland Empire
  • High traffic street corner

Executive Summary

This is a rare opportunity to own this Freestanding 16,549 SF retail building at a prime location of Archibald and Riverside in the City of Ontario. Built-in 2000, the property is in a well-established community surrounded by numerous national chains such as Ralphs, Chase Bank, Starbucks, Walgreens, AutoZone, etc. It is conveniently located near Ontario International Airport and significant SoCal Freeways (i.e., I-60, I-15, and I-10). The property has approximately 60 parking stalls, including ADA parking. The existing building is currently vacant. Formerly leased by Rite Aid, the space is left with extensive existing tenant improvements, including a premium drop ceiling with an integrated lighting system, merchandise shelving, counter spaces, a manager’s office, a walk-in freezer, receiving and storage areas, a drive-through pharmacy, and many other amenities. All existing tenant improvements and utility systems (i.e., HVAC, Electrical, Communication, Fire Sprinkler, Fire Alarm, Surveillance and Security Alarm, etc.) are a part of the sale. The buyer is to verify the condition of all existing tenant improvements and utility systems. The permitted and conditional use of this property would include: • Supermarket and Grocery Store • Farmer’s Market • Alcoholic Beverage Sales • Furniture and Home Furnishings Store • Electronics/Appliance Retailer • Clothing and Accessories, Shoes, and Jewelry Store • Sporting Goods, Hobby, Book, and Musical Instrument Store • Pharmacy/Drug Store and Convenience Store • Office Supplies, Stationary, and Gift Store • Cosmetics, Beauty Supplies, and Perfume Store • Automotive Parts and Accessories • Pet and Pet Supplies Store Refer to City of Ontario Zoning Tables for additional information.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,549 SF
Building Class
B
Year Built
1998
Price
$5,580,000
Price Per SF
$337
Cap Rate
10%
NOI
$558,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.47 AC
Zoning
CN, Ontario - Commercial Neighborhood
Parking
58 Spaces (3.5 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage
  • Drive Thru
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 16,549 SF
  • Retail
  • -
  • Now

Prime Retail Space with Drive-Through for Lease at 3000 S Archibald Ave, Ontario, CA 91761 This highly visible retail space offers an excellent location in the bustling commercial area of Ontario. With a built-in drive-through, this space is ideal for businesses looking to cater to both in-store and drive-through customers. The location provides easy access to major thoroughfares and is surrounded by a mix of residential and commercial developments, ensuring a steady flow of traffic. The versatile layout is perfect for a variety of retail or quick-service food concepts. Key features include: Drive-through for convenience and increased customer traffic High visibility with ample signage opportunities Convenient access to the 60 Freeway and surrounding areas Surrounded by established businesses and a strong residential base Generous parking space for customers Don’t miss the opportunity to establish your business in this prime location!

Space Size Space Use Position Available
1st Floor 16,549 SF Retail - Now

1st Floor

Size
16,549 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 16,549 SF
Space Use Retail
Position -
Available Now

Prime Retail Space with Drive-Through for Lease at 3000 S Archibald Ave, Ontario, CA 91761 This highly visible retail space offers an excellent location in the bustling commercial area of Ontario. With a built-in drive-through, this space is ideal for businesses looking to cater to both in-store and drive-through customers. The location provides easy access to major thoroughfares and is surrounded by a mix of residential and commercial developments, ensuring a steady flow of traffic. The versatile layout is perfect for a variety of retail or quick-service food concepts. Key features include: Drive-through for convenience and increased customer traffic High visibility with ample signage opportunities Convenient access to the 60 Freeway and surrounding areas Surrounded by established businesses and a strong residential base Generous parking space for customers Don’t miss the opportunity to establish your business in this prime location!

Nearby Major Retailers

Ralphs
U.S. Bank
Chase Bank
Bank of America
24 Hour Fitness
Starbucks
Denny's
IHOP
Flame Broiler
Fit Body Boot Camp

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0218-111-62
Land Assessment
$1,183,402
Improvements Assessment
$4,234,885
Total Assessment
$5,418,287
  • Listing ID: 33414038

  • Date on Market: 10/4/2024

  • Last Updated:

  • Address: 3000 S Archibald Ave, Ontario, CA 91761

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