Log In/Sign Up
Your email has been sent.
Metro at Main (Retail North) 422 N Main St 7,833 SF 100% Leased Retail Building Corona, CA 92878 $4,251,000 ($542.70/SF) 6% Cap Rate
Investment Highlights
- Strong Tenant Lineup | 100% Occupied | Metro at Main | Newly-Constructed Mixed- Use Development | Luxury Apartments
- Along Arterial Thoroughfare | North Main Metrolink Station |Interstate 15 (187,000 VPD) | State Highway 91 (263,500 VPD)
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes |Multiple Nearby Luxury Apartments
- Strong National Tenants | Dense Retail Corridor
- Southern California Retail Opportunity | Premier Location Within High Barriers to Entry Market
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the Metro at Main North Retail, a 100% occupied building located within the mixed-use project, Metro at Main. Metro at Main is a unique mixed-use project with more than 60,000 square feet of ground-floor retail accompanied by nearly 300 luxury apartments. The 5-story apartment community was constructed in 2017 with rental rates ranging from $2,300 - $3,500 and an occupancy rate of nearly 97%.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,833 SF
Year Built
2017
Price
$4,251,000
Price Per SF
$542.70
Cap Rate
6%
NOI
$255,033
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
6.71 AC
Zoning
C - Commercial
Amenities
- Signage
- Signalized Intersection
- Monument Signage
Walk Score®
Very Walkable (89)
Nearby Major Retailers
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Metro at Main (Retail North) | 422 N Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.