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Colton Hub City Centre 1603 W Valley Blvd 14,471 SF 100% Leased Retail Building Colton, CA 92324 $8,891,000 ($614.40/SF) 5.65% Cap Rate
Investment Highlights
- 100% Occupied SoCal Multi-Tenant Retail Center | 8.3-Year WALT | NNN Leases | Internet Resistant Tenant Mix of Food & Medical Users
- Signalized Intersection (38,570 VPD) | Right Off Interstate-10 On/Off Ramp (209,000 VPD)
- Strong Demographics in 5-Mile Trade Area | Inland Empire
- Dynamic Retail Destination Colton City Hub Centre | Arco AMPM Gas Station | Next to 100-Room Hotel Development | Strong Real Estate Fundamentals
- Arrowhead Medical Center (456 Beds) | Adjacent to 2 Hotel Developments | Dense Retail Corridor
Executive Summary
• 100% occupied multi-tenant strip center with internet resistant tenant mix of food and medical users
• Black Bear Diner (10-yrs remaining) – operates +170 locations across 14 states
• Einstein Bros Bagels (New 10-yr Lease) – operates +700 locations across 45 states
• Pizza with a Twist (New 10-yr Lease) – operates +81 locations across 10 states with +35 in California
• Apple Urgent Care (5.5-yrs remaining with 3% annual increases)
• Amani Dental (5-years remaining with ~2.5% annual increases)
• Bwell Pharmacy (3-years remaining with 3% annual increases)
• 8.3-year weighted average lease term (WALT), provides long term security
• Strong NOI growth with scheduled increases for all tenants
• 2.50% 10-Year CAGR (Compound Annual Growth Rate)
• 28% NOI growth over 10-Years
• NNN Leases; reducing the risk of expense leakage for a future investor
• Black Bear Diner (10-yrs remaining) – operates +170 locations across 14 states
• Einstein Bros Bagels (New 10-yr Lease) – operates +700 locations across 45 states
• Pizza with a Twist (New 10-yr Lease) – operates +81 locations across 10 states with +35 in California
• Apple Urgent Care (5.5-yrs remaining with 3% annual increases)
• Amani Dental (5-years remaining with ~2.5% annual increases)
• Bwell Pharmacy (3-years remaining with 3% annual increases)
• 8.3-year weighted average lease term (WALT), provides long term security
• Strong NOI growth with scheduled increases for all tenants
• 2.50% 10-Year CAGR (Compound Annual Growth Rate)
• 28% NOI growth over 10-Years
• NNN Leases; reducing the risk of expense leakage for a future investor
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
14,471 SF
Year Built
2020
Price
$8,891,000
Price Per SF
$614.40
Cap Rate
5.65%
NOI
$502,323
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.03 AC
Opportunity Zone
Yes
Parking
74 Spaces (5.11 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 16
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Colton Hub City Centre | 1603 W Valley Blvd
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