5454-5484 Moreno St - Retail FOR SALE


Montclair, CA 91763
$6,160,000 USD
951-479-7994
5454-5484 Moreno St, Montclair, CA for Sale
$6,160,000 USD
Retail - FOR SALE
1/8
null | 6% Cap Rate

5454-5484 Moreno St
Montclair, CA 91763


HIGHLIGHTS

  • Immediate Leasing Upside – Currently ~89% occupied, offering immediate NOI growth through lease-up of remaining vacancy.
  • Diversified Income Stream – No single tenant accounts for more than ~23% of total income, providing a hedge against vacancy risk and income disruption
  • Well Below Replacement Cost – Offered at approx. $223/SF, below replacement cost, supporting long-term value preservation and downside protection
  • Home to Rhino Records — Long-Standing Trade Area Draw – Rhino Records has served the Montclair and Inland Empire trade area for over 50 years

OVERVIEW

Progressive Real Estate Partners is pleased to present a value-add retail strip center located in the established, infill City of Montclair, California. The eight-tenant property offers investors a compelling combination of strong in-place cash flow and clear upside through lease-up and rent growth. Currently approximately 89% occupied, the center features a weighted average rent of $1.33 per square foot NNN, well below prevailing market rents of $1.85 to $2.25 per square foot, with recent leasing at $2.00 per square foot confirming achievable market levels. Offered at a 6.00% in-place cap rate and approximately $223 per square foot—well below replacement cost—the asset provides a protected basis with meaningful yield expansion potential. At stabilization, assuming conservative rent growth and a modest vacancy factor, the property achieves an estimated 9.4% pro forma yield. The service-oriented, internet-resilient tenant mix supports durable income, while the property’s proximity to Montclair Place and ongoing residential growth further underpin long-term tenant demand.

FOR SALE DETAILS

PRICE

$6,160,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Montclair Shops

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

107

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

C3

APN/PARCEL ID

1008-042-01

ASK ABOUT THIS PROPERTY

Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
951-479-7994

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Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
951-479-7994

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