Corona Cerrito Plaza Retail FOR SALE


Corona, CA
$15,945,000 USD
818-823-8967
, Corona, CA for Sale
$15,945,000 USD
Retail - FOR SALE
1/24
null | 5.31% Cap Rate

Corona Cerrito Plaza
Corona, CA


HIGHLIGHTS

  • Freeway-Direct Visibility and Pylon Sign Positioning
  • Portfolio or Individual Flexibility Across Four Components
  • Value-Add Upside Through Lease-Up and Mark-to-Market

OVERVIEW

CBRE is pleased to exclusively present Corona Cerrito Plaza, a ±42,532 SF neighborhood retail center located at the signalized intersection of E. Ontario Avenue and the I-15 on/off ramps in Corona, California. Built in 2006, the center spans seven parcels totaling ±255,697 SF (±5.87 acres) and is anchored by a long-term Starbucks NNN lease running through April 2047, with a tenant mix of food, personal services, medical, and daily-needs retail serving one of the Inland Empire's most active freeway-adjacent retail corridors. The offering is structured to accommodate four distinct acquisition profiles: Building D (±19,033 SF multi-tenant strip), Buildings F+G combined (±16,349 SF multi-tenant), the Starbucks pad (±1,700 SF, NNN through April 2047), and the J4K Preschool pad (±5,450 SF). Each component may be acquired individually or as a portfolio, providing exceptional flexibility for investors of varying scale and strategy. The center benefits from direct freeway visibility and pylon sign positioning along I-15 at ±166,500 CPD and frontage on E. Ontario Avenue at ±44,800 CPD, the primary east-west commuter arterial for central and south-central Corona. The property is surrounded by a dense concentration of national and regional retailers driving consistent daily traffic, while the on-site Starbucks, one of the highest-volume drive-thru locations in the corridor, anchors the center as a daily destination and reinforces its position as one of the most trafficked retail sites in the market.

ASK ABOUT THIS PROPERTY

Edward MatevosianCBRE, Inc.More Info
818-823-8967

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Edward MatevosianCBRE, Inc.More Info
818-823-8967

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