131 E Riverside Dr - Freestanding FOR SALE


Ontario, CA 91761
$4,945,000 USD
480-221-4221
131 E Riverside Dr, Ontario, CA for Sale
$4,945,000 USD
Freestanding - FOR SALE
1/9
null | 6% Cap Rate

131 E Riverside Dr
Ontario, CA 91761


HIGHLIGHTS

  • 100% Occupied | Investment Grade Anchor (S&P:BBB) | Big Box
  • 1.02 Acre Land Pad Included | Dutch Bros & Planned Self-Storage
  • Below Replacement Cost | WALT - 14.2 Years | SoCal Real Estate
  • Strong National/Credit Tenants | Dense Retail Corridor
  • Signalized, Hard Corner Intersection | Centralized Location
  • Strong Demographics in 5-Mile Trade Area | Affluent Incomes

OVERVIEW

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, anchored, big box retail center located in Ontario, CA (Riverside MSA). The offering sits on two large parcels spanning across 3.77 acres and totals 29,120 rentable square feet across two big box suites. The Property is 100% occupied by two tenants, New Century Market and Dollar Tree (S&P: BBB), providing stable in-place cash flow. The asset features a weighted average lease term of approximately 14.2 years, minimizing near-term rollover risk and providing long-term income stability for investors. New Century Market occupies approximately 14,120 square feet and operates under a long-term NNN lease with scheduled 10% rental increases every five years throughout the primary term. Dollar Tree ranks in the top 93rd percentile of locations nationwide (Placer.ai) and recently executed a new 10-year lease extension. The Property is being offered at approximately $170/SF, representing pricing that is well below estimated replacement cost for comparable retail product in the Ontario trade area and broader Southern California market. The offering includes a parcelized, 1.02-acre land pad available for future development or leasing, providing a compelling value-add opportunity through future monetization or a potential pad sale that could help lower an investor’s overall basis (see site plan for details). In addition, the center has experienced continued investment and development activity, highlighted by the addition of a new Dutch Bros Coffee location and a planned two-story self-storage facility, both of which further reinforce the strength and long-term growth trajectory of the immediate trade area.

FOR SALE DETAILS

PRICE

$4,945,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree & New Century Market | 1.02 Land

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

157

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

120,003 SF

ZONING

C1

APN/PARCEL ID

1051-614-03

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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