490 N McKinley St - Freestanding FOR SALE


Corona, CA 92879
$29,906,542 USD
404-441-3849
490 N McKinley St, Corona, CA for Sale
$29,906,542 USD
Freestanding - FOR SALE
1/11
null | 5.35% Cap Rate

490 N McKinley St
Corona, CA 92879


HIGHLIGHTS

  • 8.13% rent increase in 2030
  • Two, 5-year renewal options with 10% increases at the onset of both options
  • Core anchor of the 489,151-square-foot Corona Hills Plaza
  • 5.8 MSF of retail, 3.7 MSF of office, 19.9 MSF of industrial and 11,675 multifamily units within a 3-mile radius

OVERVIEW

CBRE is pleased to offer for sale the 100,000-square-foot Home Depot situated on 8.82 acres in Corona, CA—a component of the broader Riverside-San Bernardino-Ontario MSA (Population: 4.7M+). Home Depot’s net lease features ±8.7 years of primary term remaining with an 8.13% rent increase in 2030. Additionally, the lease features two, 5-year renewal options with 10% increases at the onset of both options. The Home Depot is a central anchor of the 489,151-square-foot Corona Hills Plaza, one of the premier shopping destinations in the Inland Empire. The center features a robust mix of national retailers including Costco, TJ Maxx, Ross Dress for Less, Five Below, Dollar Tree, and Big 5 Sporting Goods, as well as popular dining destinations like Lazy Dog Restaurant & Bar and Texas Roadhouse. Located at 480 N. McKinley Street in Corona, the Home Depot is positioned with exceptional visibility and access along the State Route 91 (±220,000 VPD) and near the I-15 interchange. Its location off the McKinley Street exit provides direct regional connectivity for residential consumers and professional contractors throughout Riverside and Orange Counties.

FOR SALE DETAILS

PRICE

$29,906,542 USD

PRICE/SF

$300 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Home Depot: Corona, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

280

LAND DETAILS

LAND ACRES

8.82 AC

LAND SF

384,199 SF

ZONING

-

APN/PARCEL ID

115-380-008

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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