The Ovaness Rostamian Group of Marcus & Millichap is pleased to present a value-add multi-tenant retail investment opportunity located at 10340-10368 Central Avenue in Montclair, California. This fully occupied ±4,785-square-foot neighborhood shopping center is situated on approximately ±0.65 acres along Central Avenue, one of the Inland Empire's primary retail corridors, benefiting from approximately 61,000 vehicles per day and exceptional visibility.
The property features a diverse mix of service-oriented tenants with a history of long-term occupancy, providing stable in-place cash flow and resilience through changing economic cycles. Investors benefit from immediate income while maintaining multiple avenues for future value creation. Additional upside exists through potential pad development or ground lease opportunities, tenant repositioning, and longer-term redevelopment potential.
Ownership has completed significant capital improvements, including upgrades to the roof, HVAC systems, and parking areas, helping reduce near-term maintenance exposure. The surrounding trade area is supported by approximately 487,000 residents and more than 150,000 households within a five-mile radius, with convenient access to Interstate 10 and continued residential growth supporting long-term tenant demand.
Combining stable cash flow, recent capital improvements, and multiple value-add strategies, this offering presents investors with an opportunity to acquire a well-located retail asset with both immediate income and long-term upside in one of Southern California's strongest growth markets.