1535 E Ontario Ave - Freestanding FOR SALE


Corona, CA 92881
$3,750,000 USD
626-347-3300
1535 E Ontario Ave, Corona, CA for Sale
$3,750,000 USD
Freestanding - FOR SALE
1/6
null | 6.2% Cap Rate

1535 E Ontario Ave
Corona, CA 92881


HIGHLIGHTS

  • Property is positioned within a dense, high-performing retail corridor surrounded by national/regional brands that drive consistent traffic
  • Prominent-positioned building within the plaza, offering superior visibility and signage exposure along Interstate 15, the freeway on- and off-ramps
  • Service-Oriented, Internet-Resistant Tenant Mix: The property is leased to a complementary mix of food and personal service tenants

OVERVIEW

Progressive Real Estate Partners is pleased to present the opportunity to acquire a high-exposure, four-tenant retail asset with a drive-thru end cap located directly o? Interstate 15 at the Ontario Avenue exit in Corona. The property bene?ts from visibility to ±166,500 CPD along Interstate 15 and ±44,800 CPD along Ontario Avenue, which functions as a primary east–west arterial for central and south-central Corona residents accessing the freeway. The drive-thru tenant features second-position placement on the freeway pylon sign, while the building itself is one of the most prominent-positioned within the plaza, o?ering superior visibility and signage exposure along Interstate 15, the freeway on- and o?-ramps, and Ontario Avenue. Situated within a highly a?uent trade area, average household incomes within a one-mile radius exceed $156,900. The center is surrounded by a dense concentration of national and regional retailers that drive consistent daily tra?c and support long-term tenant demand. The tenant mix is service-oriented and internet-resistant, with tenants averaging approximately 13 years of operating history at the property. Tenants operate under triple-net leases with 3% annual rent increases, providing predictable cash ?ow and built-in in?ation protection, while common areas are professionally managed, supporting reduced ownership responsibilities.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$462 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corona Cerrito Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

CROSS STREETS

15 Freeway

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

GC

APN/PARCEL ID

277-020-022

ASK ABOUT THIS PROPERTY

Trinnie LeeProgressive Real Estate PartnersMore Info
626-347-3300

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Trinnie LeeProgressive Real Estate PartnersMore Info
626-347-3300

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