424 Mill St
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424 Mill St
2,488 SF Retail Building Colton, CA 92324 For Sale
Investment Highlights
- High Traffic Corridor
- High Visibility
- Great Location
Executive Summary
INVESTMENT HIGHLIGHTS
Investment Highlights:
1. 47-Year Ground Lease:
Single-tenant lease with a $1,000 rent bump effective in 2030, followed by a 10% rent
increase every five years.
2. Prime Location:
Situated at a high-traffic, signalized corner, surrounded by high-credit retail tenants
including Foods Co, Sonic Drive-In, 99 Cents Store, Taco Bell, Superior Grocers,
AutoZone, and more.
3. Strong Brand Recognition:
Arco Gas Station, known for its operational standards and quality gasoline, offers
reliability and trust for investors.
4. Supportive Demographics:
o Population: Approximately 53,151 residents in the immediate trade area.
o City Growth: Colton is California’s 9th largest city, experiencing robust
economic and population growth.
Investment Highlights:
1. 47-Year Ground Lease:
Single-tenant lease with a $1,000 rent bump effective in 2030, followed by a 10% rent
increase every five years.
2. Prime Location:
Situated at a high-traffic, signalized corner, surrounded by high-credit retail tenants
including Foods Co, Sonic Drive-In, 99 Cents Store, Taco Bell, Superior Grocers,
AutoZone, and more.
3. Strong Brand Recognition:
Arco Gas Station, known for its operational standards and quality gasoline, offers
reliability and trust for investors.
4. Supportive Demographics:
o Population: Approximately 53,151 residents in the immediate trade area.
o City Growth: Colton is California’s 9th largest city, experiencing robust
economic and population growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,488 SF
Building Class
C
Year Built/Renovated
1946/1988
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.28 AC
Zoning
C2 - Commercial Retail
Parking
12 Spaces (4.82 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0160-042-15 | Improvements Assessment | $790,358 |
| Land Assessment | $167,125 | Total Assessment | $957,483 |
PROPERTY TAXES
Parcel Number
0160-042-15
Land Assessment
$167,125
Improvements Assessment
$790,358
Total Assessment
$957,483
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424 Mill St
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