1540 Hamner Ave
Norco, CA 92860
Retail Property For Sale

The Norco Gateway Center is a rare multi-tenant retail commercial plaza located in the booming City of Norco, CA. The single-story asset built in 2006 consists of approximately 29,185 square foot lot comprised of six tenants with 9,481 SF of building. The tenants featured on the subject property are: T-Mobile, Ukani Dental Office, Hippoty Hop (Kid’s birthday party place and indoor playground), Majestic Nails & Spa, GG Sister Massage and Hair Salon; with 100% occupancy. Fifty percent (50%) of the tenants have successfully operated at the subject property since its development in 2006. The property presents a savvy investor the opportunity to add value by increasing the below market rents to market rate, thus generating upside potential. The property is located on a main thoroughfare with high vehicular traffic of over 28,000 vehicles per day on Hamner Avenue. Hamner Avenue also features easy access to the 91 and Interstate 15 freeways therefore increasing visibility and exposure. The Norco Gateway Center is adjacent to the 41,629 square-foot, three-story, 82-unit, Hampton Inn and Suites Hotel by Hilton. This is an area that continues to expand with developments and tenants in the immediate trade area such as Costco, Target, Walmart, Home Depot, Lowe's, TJ Maxx, ALDI, In-N-Out, Vons, Sprouts, Trader Joe's, US Bank, Chase Bank, Union Bank, Bank of America, Wells Fargo, Marshalls, BevMo, Best Buy, DSW, Bed Bath & Beyond, PetsMart, Starbucks,Century Theatres, Chipotle, Jimmy John's, Chich-fil-A, Goodyear and additional neighborhood tenants. The retail center is located in the dynamic city of Norco, a booming community strategically located in western Riverside County 50 miles south and east of Los Angeles. Neighboring communities include Corona, Mira Loma, Home Gardens, Pedley, El Cerrito, Avon, Ontario, Chino, and Riverside. Norco is experiencing evolving real estate developments for hotels, retail, residential and office space.