Rancho Cucamonga, CA – October 27, 2020 – Progressive Real Estate Partners commercial real estate experts Greg Bedell and Paul Su were recently awarded a new assignment representing the short term lease or sale of a former Food 4 Less grocery store located at 109 S. McKinley in Corona, California. Flexible zoning allows for an array of permitted uses that may not require a conditional use permit (CUP) from the City.
The 55,000 sf former grocery store space is available for a short term lease of up to three years OR to purchase for $5,495,000. The space is well-suited for a variety of retail uses or a industrial user looking for temporary space. The three year lease period coincides with the timing of the McKinley Street Grade Separation project which is near the property and involves constructing a new four-lane overhead grade separation at the BNSF Railway double tracks with a projected completion of mid-2023.
The property features an open space floor plan, two loading docks and bay doors, 50+ skylights, pylon signage along McKinley Ave, an expansive parking field, and visibility to over 40,000 vehicles per day at the signalized intersection of Magnolia Ave and McKinley Ave. The property is also less than a ½ mile from the heavily-traveled 91 Freeway.
Over 148,000 residents earning an average of $81,000/year live within a 10 minute drive. Neighboring tenants at the center include Dollar Tree, Boost Mobile, Subway, Little Caesars Pizza and Alberto’s Mexican Food.
To learn more about this excellent opportunity contact VP of Investment Sales Greg Bedell at greg@progressiverep.com | 951.479.7994 or VP of Retail Leasing & Sales Paul Su at paul.su@progressiverep.com | 626.417.4539.