3644-3694 E Highland Ave - Retail FOR SALE


Highland, CA 92346- Small Canyon
$7,095,000 USD
310-469-9012
3644-3694 E Highland Ave, Highland, CA for Sale
$7,095,000 USD
Retail - FOR SALE
1/35
null | 7.09% Cap Rate

3644-3694 E Highland Ave
Highland, CA 92346
Small Canyon


HIGHLIGHTS

  • 98% occupied retail center with 24 units and a drive-thru pad across two parcels
  • Excellent visibility with dual street frontage and multiple access points
  • In-place 7.09% cap rate with pro forma upside to 8.4% through rent growth
  • Located near Walmart, Aldi, Ross, and other major retailers in a dense trade area
  • Strong demographics with 189,549 residents within 5 miles and high traffic counts

OVERVIEW

This offering presents a rare opportunity to acquire a 98% occupied retail shopping center in the thriving Inland Empire market. Located at 3644–3694 E. Highland Avenue, the property spans approximately 45,528 SF across two parcels and includes 24 units plus a drive-thru pad. Positioned along a high-traffic corridor with dual street frontage and multiple access points, the center benefits from excellent visibility and strong consumer draw. The property is anchored by a diverse mix of established tenants, creating a stable income stream with an in-place cap rate of 7.09% and a pro forma cap rate of 8.4%. Current net operating income is approximately $503,240, with upside potential through rent increases and repositioning of the drive-thru pad for a national tenant upon lease expiration. The center’s cost basis is well below replacement cost, offering investors a compelling value proposition.

FOR SALE DETAILS

PRICE

$7,095,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

7.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

182

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

C1, Highland

APN/PARCEL ID

1199-081-06,1199-081-07

ASK ABOUT THIS PROPERTY

Jake ZacutoZacuto GroupMore Info
310-469-9012

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Jake ZacutoZacuto GroupMore Info
310-469-9012

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