Former Rite Aid

Former Rite Aid space located within successful grocery anchored shopping center

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Price: $4,975,000

Building Size: 18,400+/- Square Feet

High-Traffic Signalized Intersection

Strategically positioned at the signalized intersection of Van Buren Boulevard & Arlington Avenue, with approximately 65,965 vehicles per day, providing exceptional visibility and exposure.

Established Grocery-Anchored Retail Destination

Arlington Plaza shopping center is anchored by Cardenas Markets and benefits from a complementary mix of food, service and national/regional tenants, including Starbucks, Popeyes, WaBa Grill, Domino’s, Boost Mobile and Enterprise.‍

No CC&R Use Exclusives—Flexible Junior-Anchor Repositioning Opportunity

The former Rite Aid benefits from no restrictive-use provisions or tenant-use exclusives in the CC&R documents limiting its reuse for fitness, medical, an additional grocery store, a school or other junior-anchor concepts. The existing grocery store has no exclusive-use protection under these current documents, subject to zoning and governmental approvals.

Dense, Established Riverside Trade Area

More than 285,000 residents are reported within a five-mile radius, providing a substantial built-in customer base for grocery, value retail, fitness, medical and service-oriented uses. Current marketing also reports average household income exceeding $112,000 within five miles.

Major Retail Hub With Strong Surrounding Tenancy

The intersection has substantial retail critical mass. Nearby tenants include Stater Bros., Ross, Chick-fil-A, KFC, Panda Express, Carl’s Jr. and AutoZone, creating significant cross-shopping and reinforcing Van Buren/Arlington as an established retail node.

Exceptional Access & Regional Connectivity

Arlington Plaza is positioned near the 91 Freeway and is triangulated by the 91, 60 and 15 freeways, providing connectivity to Riverside and the broader Inland Empire.

Highly Functional Community-Center Configuration

The property offers excellent street frontage along Van Buren Boulevard and Arlington Avenue and approximately 585 parking spaces, along with pylon signage and access at a signalized intersection.

Value-Add Lease-Up Potential

Vacant large-format space provides an investor with the opportunity to increase occupancy, strengthen the tenant mix and materially enhance NOI through the addition of contemporary junior-anchor users.

Irreplaceable Infill Retail Location

The combination of a dense surrounding population, grocery anchoring, major arterial exposure, established national retailers, freeway accessibility and a large existing parking field creates significant barriers to replicating a comparable retail site in this established portion of Riverside.

Strong Everyday-Needs Positioning

The center’s grocery, food, service and convenience-oriented tenancy generates recurring customer trips and positions Arlington Plaza as an everyday-needs retail destination rather than a discretionary shopping center.