5225-5247 Arrow Hwy
Montclair, CA 91763
Retail Property For Sale

Shops to Target & Best Buy | New 15-Year Lease This retail investment property provides an investor the opportunity to own a seasoned multi-tenant retail property which benefits from excellent synergy from national credit co-tenants and is located along the main corridor of the trade area. Anchored by a high performing Best Buy, the subject property is a 18,106 square foot multi-tenant retail asset situated on over two acres of land. With two new long-term leases from strong operators and long-term historical occupancy from the remaining tenants, this asset offers an investor long-term stability rarely offered in multi-tenant investments. Supported by a strong demographic, the subject property has experienced long-term historical occupancy from its remaining tenant roster and excellent tenant demand. Three of the five tenants have successfully operated at the subject property for over thirteen (13+) years. All tenants pay a 15% administrative fee on expenses and reimburse for 100% of 3rd party management fees, providing a new owner with a true NNN multi-tenant investment. The subject property is ideally positioned within a Best Buy & Target anchored center at the signalized hard corner of Arrow Highway and Central Avenue, immediately off of the San Bernardino (I-10) Freeway. Central Avenue is the main retail corridor of the trade area and serves as a premier shopping destination for consumers across neighboring cities. Located less than a half of a mile north of Montclair Place, a 1.2 million square foot enclosed regional mall, the subject property benefits from excellent retail synergy from numerous national tenants resulting in continuous consumer traffic at all times of the day. Situated at the northern end of the City of Montclair, the subject property is well established within the growing community and neighboring college campuses. Less than 1.5 miles west is the Claremont Colleges campus (6,900+ Students and 3,000+ Staff and Faculty) and student housing surrounding. A half a mile north is the Montclair Metrolink station.