16188 Highland AveFontana, CA 92336

Property Details for 16188 Highland Ave

Year built

2024

Lot size

4.03 AC

Property size (Sq ft)

40,100 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 40,100-square-foot Amazon Fresh grocery store in Fontana, California. Located on a 4.03-acre lot within the Citrus Crossroads Shopping Center, this single-tenant property boasts a 15-year lease (commencing September 1, 2024, and expiring August 31, 2039) with a strong, institutional tenant. The lease includes three five-year options and one four-year, six-month option, each with a 10% rent increase. The property features high-quality construction and benefits from a prime location at the southeast corner of Citrus Avenue and the Foothill (210) Freeway, surrounded by strong co-tenants including Starbucks, Habit Burger Grill, FedEx, and West Coast Dental. The property's high visibility and location within a rapidly growing residential area with average household incomes exceeding $120,000 annually contribute to its exceptional investment potential. The asking price is $19,640,000, representing a 4.90% cap rate and a price per square foot of $489.78. The Net Operating Income (NOI) is $962,400, and the property is currently 100% occupied. This is a low-risk, high-quality asset with minimal management responsibilities, ideal for private investors or 1031 exchange buyers. The property's APN is 0240-011-58. This is the first store in Southern California utilizing Amazon Fresh's newest, modern prototype.

Location Insight

City

Fontana

County

San Bernardino

State

California

Latitude

34.1359

Longitude

-117.452

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].