11070-11090 Foothill Blvd - Department Store FOR SALE


Rancho Cucamonga, CA 91730
$14,250,000 USD
760-438-8950
11070-11090 Foothill Blvd, Rancho Cucamonga, CA for Sale
$14,250,000 USD
Department Store - FOR SALE
1/36
null | 6.52% Cap Rate

11070-11090 Foothill Blvd
Rancho Cucamonga, CA 91730


HIGHLIGHTS

  • 100% leased with lease extensions in place
  • Assumable financing

OVERVIEW

Placer.ai ranks this Barnes & Noble in the top 15% of stores nationwide. Placer.ai ranks this Office Depot in the top 40% of stores nationwide and #1 in the area. Town Center Square offers investors a rare opportunity to acquire a 100% leased, fee-simple community retail property located in Rancho Cucamonga, California. Situated along Foothill Boulevard in the Inland Empire, the asset includes 61,029 square feet on 5.17 acres and has been consistently fully leased since its development in 1996. The property features a strong tenant lineup, including Aldi, Office Depot, and Barnes & Noble, each of which has extended its lease, affirming long-term commitment. The average in place rent is +/- 20% below market. Currently delivering a 6.52% cap rate and a weighted average lease term (WALT) of 5.25 years, this property ensures predictable income stability. The offering includes assumable non-recourse financing with favorable terms. This center sits within a larger 25-acre retail hub anchored by nationally recognized brands such as PetSmart, Ross, Seafood City, and Harbor Freight, creating enduring customer traffic. Its premier Inland Empire location benefits from proximity to I-10 and I-15 freeways, Ontario International Airport (7-minute drive), and regional landmarks such as Victoria Gardens and Ontario Mills. With surrounding affluent residential communities and a dense retail trade area, this asset combines strong fundamentals with enduring market demand for daily needs, service-oriented retail. OFFICE DEPOT RECENTLY TAKEN PRIVATE BY ATLAS HOLDINGS, A MUCH BIGGER COMPANY THAT OWNS 29 COMPANIES, EMPLOYS 60,000 PEOPLE AND GENERATES $20 BILLION IN ANNUAL REVENUE. ITS BUSINESSES INCLUDE AUTO SUPPLY, BUILDING MATERIALS, CONSTRUCTION, ETC. DESPITE FALLING SALES IN 2024, OFFICE DEPOT GENERATED A PROFIT OF $3.35 PER SHARE. $6.8 MILLION NON-RECOURSE, ASSUMABLE FINANCING AT 4.79% THROUGH 2031.

FOR SALE DETAILS

PRICE

$14,250,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

6.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

5.17 AC

LAND SF

225,205 SF

ZONING

C3

APN/PARCEL ID

1077-422-72

ASK ABOUT THIS PROPERTY

Jon BusseColliersMore Info
760-438-8950

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Jon BusseColliersMore Info
760-438-8950

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.