Canyon Springs, Riverside, California 92507

Listed By FREEMAN & ASSOCIATES

The Retail Property for Sale located at Riverside, California 92507 is currently for sale. Riverside, California 92507 is listed for $5,150,000. If the property located at Riverside, California 92507 isn't what you're looking for, visit https://devadmindomaintest1.xomio.com to see other Retail Properties for Sale in Riverside .

Date Updated : May 24, 2025

MLS#: 374269726

$5,150,000 USD

  • Minimum sellable space
    774 m² (8,326 ft²)
The details

Property features

Construction details

  • Year built: 2004

Other features

  • Cooling system: Central AC
  • Heating system: Central

Area

  • Property size: 774 m² (8,326 ft²)
  • Land/Lot size: 4,775 m² (51,401 ft²)

Description

This newer construction property consists of four suites with exceptional parking and freeway access. The property is located at the entrance to the Target Shadow Anchor, with ingress and egress. Target has the Prime Sign Location on the Freeway Pylon, and also monument signage at the entrance by the subject property and is also situated along Day Street where this main arterial connects to the Interstate 60. The property sits along a busy corridor of the Interstate 60 with a Huge Pylon dedicated to this 2,000,000 +/- Square Foot Regional Retail Power Center, located at the Freeway Interchange of the I60 and the I215. This is the prime exit on the I60 coming from the east, and you can also come to the center from the south by exiting off the I215. This offering consists of two nationally branded tenants, including Verizon & GameStop, and one regionally branded tenant AhiPoki, and also Pho Ha which has more than one location. All tenants are on NNN leases, and all renewed their options, except AhiPoki (they took over the Subway Space, because Subway had no more options). The building is also well-suited for future leasing that can produce increase in rents over time. Brokers and tenants call regularly unsolicited, wanting to know if any leases are expiring soon so they can takeover the space. The entire power center is very low turnover, as landlord has only ever lost one tenant when Payless filed bankruptcy. Shadow Anchored by Target, the subject is Pad Building C located at the drive entrance to Target, known to be one of the most visited shopping destinations in the region. All tenants are seasoned at this location, except for AhiPoki, but even then AhiPoki has clientele in the area, because they used to be located across Day Street in the Lowes shopping center.

Location

Riverside, California 92507
Map preview
Courtesy of Brad Freeman FREEMAN & ASSOCIATES

Listing Contact: 661-201-7868

Equal Housing Opportunity

All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.