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Central Avenue Retail Center | PAD & Redevelo 10340-10368 Central Ave 4,785 SF 100% Leased Retail Building Montclair, CA 91763 $2,100,000 ($438.87/SF) 5.05% Cap Rate
Investment Highlights
- Fully Leased Multi-Tenant Center with Stable Income and Significant Value-Add Potential
- Recent Roof, HVAC, and Parking Lot Improvements Reduce Near-Term Capital Requirements
- Flexible C-2 Zoning Supports Repositioning, Redevelopment, and Owner-User Possibilities
- Ground Lease PAD and Redevelopment Opportunities Provide Multiple Paths to Future Growth
- Approximately 61,000 Vehicles Per Day Along Central Avenue Deliver Exceptional Visibility
- Prime Inland Empire Location Near Interstate 10 with Strong Population and Economic Growth
Executive Summary
The Ovaness Rostamian Group of Marcus & Millichap is pleased to present a value-add multi-tenant retail investment opportunity located at 10340-10368 Central Avenue in Montclair, California. This fully occupied ±4,785-square-foot neighborhood shopping center is situated on approximately ±0.65 acres along Central Avenue, one of the Inland Empire's primary retail corridors, benefiting from approximately 61,000 vehicles per day and exceptional visibility.
The property features a diverse mix of service-oriented tenants with a history of long-term occupancy, providing stable in-place cash flow and resilience through changing economic cycles. Investors benefit from immediate income while maintaining multiple avenues for future value creation. Additional upside exists through potential pad development or ground lease opportunities, tenant repositioning, and longer-term redevelopment potential.
Ownership has completed significant capital improvements, including upgrades to the roof, HVAC systems, and parking areas, helping reduce near-term maintenance exposure. The surrounding trade area is supported by approximately 487,000 residents and more than 150,000 households within a five-mile radius, with convenient access to Interstate 10 and continued residential growth supporting long-term tenant demand.
Combining stable cash flow, recent capital improvements, and multiple value-add strategies, this offering presents investors with an opportunity to acquire a well-located retail asset with both immediate income and long-term upside in one of Southern California's strongest growth markets.
The property features a diverse mix of service-oriented tenants with a history of long-term occupancy, providing stable in-place cash flow and resilience through changing economic cycles. Investors benefit from immediate income while maintaining multiple avenues for future value creation. Additional upside exists through potential pad development or ground lease opportunities, tenant repositioning, and longer-term redevelopment potential.
Ownership has completed significant capital improvements, including upgrades to the roof, HVAC systems, and parking areas, helping reduce near-term maintenance exposure. The surrounding trade area is supported by approximately 487,000 residents and more than 150,000 households within a five-mile radius, with convenient access to Interstate 10 and continued residential growth supporting long-term tenant demand.
Combining stable cash flow, recent capital improvements, and multiple value-add strategies, this offering presents investors with an opportunity to acquire a well-located retail asset with both immediate income and long-term upside in one of Southern California's strongest growth markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,785 SF
Building Class
B
Year Built
1964
Price
$2,100,000
Price Per SF
$438.87
Cap Rate
5.05%
NOI
$106,050
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.65 AC
Zoning
C2 - Commercial
Parking
21 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
128’ on Central Ave.
Amenities
- Signage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1010-622-14 | Improvements Assessment | $530,604 |
| Land Assessment | $902,027 | Total Assessment | $1,432,631 |
Property Taxes
Parcel Number
1010-622-14
Land Assessment
$902,027
Improvements Assessment
$530,604
Total Assessment
$1,432,631
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Central Avenue Retail Center | PAD & Redevelo | 10340-10368 Central Ave
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