Rancho Cucamonga, CA – January 22, 2025 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage firm, announced today the $5,200,000 sale of a Mobil Gas Station, Convenience Store and Express Car Wash at 130 West Valley Boulevard in Colton, California. The purchase included both the business and the real estate.
The station is ideally located directly adjacent to an on-ramp to the highly trafficked I-10 freeway (approximately 195,000 cars per day) and is at the signalized intersection of La Cadena Street and Valley Boulevard with combined traffic counts of approximately 36,000+ cars per day providing excellent visibility to passing motorists.
Victor Buendia, Senior VP of Gas Station and Car Wash Sales of Progressive Real Estate Partners represented both parties in the transaction. The seller is an Inland Empire based private party who owned the property for 30+ years and the buyer, also an Inland Empire based private investor, plans to renovate the convenience store and introduce other tactics to improve the overall customer experience.
This well-established property includes the Mobil station with 16 gas/diesel fueling positions, express car wash and an approximately 924 square foot Mobil Mart convenience store that sells a variety of grab and go snacks. Additionally, the property features unobstructed street frontage, multiple points of access and prominent pylon signage providing increased exposure to drivers on both the freeway and neighboring streets.
The station is across from a Stater Bros grocery store and other nearby businesses include Dennys, Starbucks, McDonalds and a US Postal Office. Within a 3-mile radius the population is over 130,000 with an average household income of more than $100,700. Furthermore, there is a strong daytime population of over 41,400 employees.
According to Buendia, “Gas stations provide vital services that are always in demand and well-located properties, especially those that are freeway adjacent, continue to drive significant interest.” He added, “The buyer is looking forward to implementing upgrades to help grow the business and build on its success.”
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire, San Gabriel Valley and Coachella Valley. The firm is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,650 lease and sales transactions valued at more than $1.8B in over 35 cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.