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788 W Ramona Expy
San Jacinto, CA 92582
Land For Sale · Land For Sale
·
14.50 AC
Property Facts
| Price | Not Individually For Sale | Property Subtype | Commercial |
| Property Type | Land | Total Lot Size | 14.50 AC |
| Price | Not Individually For Sale |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 14.50 AC |
Executive Summary
In cooperation with Jefferies LLC, Hilco Real Estate is accepting bids until May 15 for real estate assets as part of 99 Cents Only Stores LLC's Chapter 11 bankruptcy filing. This diverse portfolio comprises of 44 owned and 333 leased sites. With locations in major cities like Houston, Phoenix, Las Vegas, and Los Angeles, these assets are strategically positioned in highly coveted retail corridors. 99 Cents Only Stores typically occupy 21,000-square-foot buildings, with some locations larger than 65,000 square feet and some just a bit over 10,000 square feet; a wide range of available spaces catering to various retail operations. This value-add offering presents new owners with the opportunity to acquire big box retail space in high-demand areas, further boosted by the brand’s previous customer base.
Most Arizona locations are within the Phoenix Market, which continues to see strong demographics, income growth, and healthy job gains, fueling robust tenant demand. Phoenix remains one of the nation's better-performing markets for employment growth, adding 55,300 jobs in the trailing 12-month period through February 2024 - the third-largest gain in the country.
Los Angeles Market is home to most of the California locations. Stores, restaurants, and lodging in hotspots like Downtown L.A., Hollywood, Beverly Hills, and Santa Monica depend on tourist spending - with Los Angeles hosting more than 50 million visitors annually. The market’s overall economy comprises substantial portions of national entertainment, tourism, international trade, fashion, and aerospace industries. The demographics are diverse in racial and ethnic composition, educational attainment, income, and wealth.
Nevada is home to one location in Clark County, a part of the Southeast Las Vegas retail market. Discount stores have dominated this market’s top retail leases. Tenants such as Ross Dress for Less, Five Below, and Dollar Tree have been expanding. Local grocery stores have also been growing their footprint, as seen by La Bonita Supermarket's 50,000 square feet of occupancy in East Las Vegas and El Super, a direct competitor, occupying 43,000 square feet in the same submarket this year.
The Houston market is home to the majority of Texas locations. Houston continues to be one of the nation's top-performing markets for employment growth. The labor market now has more than 210,000 more jobs than before the pandemic - nearly 7% growth. While numerous sectors have fueled an increase in demand for space, discount stores, quick-service restaurants, and fitness users have been the most active, driving about half of all new leasing activity over the past year.
Don’t miss out on this one-of-a-kind opportunity to acquire big-box space with a built-in customer base in major cities in Arizona, California, Nevada, and Texas.
Most Arizona locations are within the Phoenix Market, which continues to see strong demographics, income growth, and healthy job gains, fueling robust tenant demand. Phoenix remains one of the nation's better-performing markets for employment growth, adding 55,300 jobs in the trailing 12-month period through February 2024 - the third-largest gain in the country.
Los Angeles Market is home to most of the California locations. Stores, restaurants, and lodging in hotspots like Downtown L.A., Hollywood, Beverly Hills, and Santa Monica depend on tourist spending - with Los Angeles hosting more than 50 million visitors annually. The market’s overall economy comprises substantial portions of national entertainment, tourism, international trade, fashion, and aerospace industries. The demographics are diverse in racial and ethnic composition, educational attainment, income, and wealth.
Nevada is home to one location in Clark County, a part of the Southeast Las Vegas retail market. Discount stores have dominated this market’s top retail leases. Tenants such as Ross Dress for Less, Five Below, and Dollar Tree have been expanding. Local grocery stores have also been growing their footprint, as seen by La Bonita Supermarket's 50,000 square feet of occupancy in East Las Vegas and El Super, a direct competitor, occupying 43,000 square feet in the same submarket this year.
The Houston market is home to the majority of Texas locations. Houston continues to be one of the nation's top-performing markets for employment growth. The labor market now has more than 210,000 more jobs than before the pandemic - nearly 7% growth. While numerous sectors have fueled an increase in demand for space, discount stores, quick-service restaurants, and fitness users have been the most active, driving about half of all new leasing activity over the past year.
Don’t miss out on this one-of-a-kind opportunity to acquire big-box space with a built-in customer base in major cities in Arizona, California, Nevada, and Texas.
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