For Sale
$2,400,000

1055 Mountain Ave Ontario, CA 91762

Ontario, CA Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This 6,370 square foot retail center in Ontario, CA, is anchored by a 7-Eleven and boasts a 6.16% cap rate and $140,950 NOI. The property sits on a 0.48-acre lot with 30 parking spaces and enjoys 100% occupancy under a NNN lease. Located at 1055 N Mountain Ave (APN 1010-132-01), this center benefits from a prime location near major freeways (60, 10, and 210), with daily traffic exceeding 39,000 cars. The area features dense residential and commercial development, including nearby Walmart, Edwards 16-Plex movie theater, and various quick-service restaurants. Across the street is a large shopping center anchored by major national tenants. Under-market rents present significant upside potential. This investment offers a stable, long-term occupancy history within a 5-mile radius of over 480,000 people. The asking price is $2,400,000.

Highlights

  • 6,370 SF retail center in Ontario, CA, anchored by 7-Eleven, offering a 6.16% cap rate and $140,950 NOI.
  • Strong location with over 480,000 people within a 5-mile radius and a stable, long-term occupancy history.
  • Prime location on a major North-South artery with access to freeways 60, 10, and 210, experiencing daily traffic exceeding 39,000 vehicles.
  • One block from the 10 Freeway and two blocks from the 210 Freeway.
  • Under-market rents provide significant upside potential.

Property Details for 1055 Mountain Ave

Property type
Retail properties
Square Feet
6,370 SF
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Ontario
County
San Bernardino
State
California
Latitude
34.077614
Longitude
-117.6706873

FAQs

What type of property is this?
Retail property - Ontario, CA Retail Investment Opportunity
Where is the retail property located?
The property is located at 1055 Mountain Ave Ontario, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 6,370 SF retail center in Ontario, CA, anchored by 7-Eleven, offering a 6.16% cap rate and $140,950 NOI.; Strong location with over 480,000 people within a 5-mile radius and a stable, long-term occupancy history.; Prime location on a major North-South artery with access to freeways 60, 10, and 210, experiencing daily traffic exceeding 39,000 vehicles.
How can I contact the broker?
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1055 Mountain Ave
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