Dollar Tree & New Century Market | 1.02 Land 131 E Riverside Dr 29,120 SF 100% Leased Retail Building Ontario, CA 91761 $4,945,000 ($169.81/SF) 6% Cap Rate

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, anchored, big box retail center located in Ontario, CA (Riverside MSA). The offering sits on two large parcels spanning across 3.77 acres and totals 29,120 rentable square feet across two big box suites. The Property is 100% occupied by two tenants, New Century Market and Dollar Tree (S&P: BBB), providing stable in-place cash flow. The asset features a weighted average lease term of approximately 14.2 years, minimizing near-term rollover risk and providing long-term income stability for investors. New Century Market occupies approximately 14,120 square feet and operates under a long-term NNN lease with scheduled 10% rental increases every five years throughout the primary term. Dollar Tree ranks in the top 93rd percentile of locations nationwide (Placer.ai) and recently executed a new 10-year lease extension. The Property is being offered at approximately $170/SF, representing pricing that is well below estimated replacement cost for comparable retail product in the Ontario trade area and broader Southern California market.
The offering includes a parcelized, 1.02-acre land pad available for future development or leasing, providing a compelling value-add opportunity through future monetization or a potential pad sale that could help lower an investor’s overall basis (see site plan for details). In addition, the center has experienced continued investment and development activity, highlighted by the addition of a new Dutch Bros Coffee location and a planned two-story self-storage facility, both of which further reinforce the strength and long-term growth trajectory of the immediate trade area.