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Corona Retail Building - 100% LEASE 1252 W 6th St 9,147 SF 100% Leased Retail Building Corona, CA 92882 $3,400,000 ($371.71/SF) 4.13% Cap Rate
Investment Highlights
- High-Traffic Location ±30,000 VPD
- Two Units on MTM – Owner-User or Reposition
- Walking Distance to CVS, Retail, and Dense Residential
- 100% Leased Multi-Tenant Retail
- Strong Street Visibility & Signalized Corner
- Ideal for 1031 Exchange or Value-Add Investors
Executive Summary
Prime ±9,950 SF multi-tenant retail center located at a signalized corner in central Corona. The property is 100% leased across 7 units with a mix of service, retail, and restaurant tenants. Over 1,920 SF is occupied by MTM tenants, offering flexibility for owner-user occupancy or repositioning to market rental rates.
Backed by current retail comps in the area, the pro forma NOI supports a 7.00% cap rate at market rents of $2.50/SF/month NNN. Ideal for investors seeking stable income with upside or for an owner-user looking to secure a prime location with built-in cash flow.
- 100% Leased Multi-Tenant Retail
- MTM Tenant – Owner-User or Reposition
- Pro Forma Cap Rate: 7.00%
- Strong Street Visibility & Signalized Corner
- High-Traffic Location ±30,000 VPD
- Walking Distance to National Retail Anchors
Backed by current retail comps in the area, the pro forma NOI supports a 7.00% cap rate at market rents of $2.50/SF/month NNN. Ideal for investors seeking stable income with upside or for an owner-user looking to secure a prime location with built-in cash flow.
- 100% Leased Multi-Tenant Retail
- MTM Tenant – Owner-User or Reposition
- Pro Forma Cap Rate: 7.00%
- Strong Street Visibility & Signalized Corner
- High-Traffic Location ±30,000 VPD
- Walking Distance to National Retail Anchors
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,147 SF
Building Class
C
Year Built
1989
Price
$3,400,000
Price Per SF
$371.71
Cap Rate
4.13%
NOI
$140,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.61 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial Retail
Parking
45 Spaces (4.92 Spaces per 1,000 SF Leased)
Frontage
246’ on W 6th St
Amenities
- Pylon Sign
- Restaurant
- Air Conditioning
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 110-040-032 | Improvements Assessment | $2,080,800 |
| Land Assessment | $1,030,200 | Total Assessment | $3,111,000 |
Property Taxes
Parcel Number
110-040-032
Land Assessment
$1,030,200
Improvements Assessment
$2,080,800
Total Assessment
$3,111,000
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Corona Retail Building - 100% LEASE | 1252 W 6th St
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