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11/18/20
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A free-standing Shell Gas Station and Circle K Convenience Store in the Inland Empire city of Bloomington sold for $6.2 mil.
Built in 2001, the well-established Shell station has 8 dispensers with 20 fueling positions and a 2.9k sf convenience store where customers can purchase a variety of grocery items including snacks, to-go fresh food and beverages including beer and wine (type 20 liquor license). The purchase included both the business and the real estate.
The property is located at 2128 South Riverside Ave, directly off the heavily-traveled I-10 Fwy at the signalized intersection of South Riverside and Slover Ave. California. It is roughly midway between the cities of Rialto and Riverside.
Victor Buendia with Progressive Real Estate Partners represented the seller, a Corona-based private investor, in the transaction. Mahlon Tobias from Tobias Commercial repped the buyer, a Riverside County-based private investor that operates multiple ARCO gas stations throughout California.
According to Buendia, “The demand for conveniently located high volume gas stations with full service convenience stores in SoCal’s Inland Empire continues to be very strong. Not only are they essential businesses, they are also the ultimate internet-resistant use and, with the pandemic, convenience stores have become an increasingly popular option for “to-go” food and grocery items”.
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