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5235 E Airport Dr
Ontario, CA 91761
Goodyear Tire & Service Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term absolute NNN lease to Goodyear, the third-largest tire manufacturer in the world (12 years remaining)
- Tenant responsible for all taxes, insurance, and maintenance, including roof and structure, providing a passive investment
- Goodyear stock is up 28% in 2025, driven by investor optimism around its restructuring plan and insulation from new tariffs
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- Goodyear’s 2024 sales were $18.9 billion, with tire unit volumes totaling $166.6 million
- Located approximately 40 miles west from Downtown Los Angeles (metro area population of 12,678,000)
EXECUTIVE SUMMARY
» Ontario boasts over 120 million square feet of industrial space and is a leading center for warehousing and distribution in the Western U.S.
» Minutes from Ontario International Airport (ONT), which served 7 million passengers in 2024, handles over 750,000 tons of freight annually and has been recognized as the fastest growing airport in the U.S. for the past five years.
» Located directly southeast of the intersection of Interstate 15 and Interstate 10, feeding directly to Downtown Los Angeles and leading to increased commuter traffic (combined 469,000 AADT).
» Easily accessible location along E Airport Drive, a primary retail east-west thoroughfare in the heart of the city.
» Adjacent to Ontario Mills Mall, which draws approximately 28 million annual visitors, making it one of California’s most visited retail centers.
» 248,548 residents live within five miles of the property, providing an extremely large customer base for the site.
» High average annual household income of $128,042 within a 10-mile radius of the site.
» Minutes from Ontario International Airport (ONT), which served 7 million passengers in 2024, handles over 750,000 tons of freight annually and has been recognized as the fastest growing airport in the U.S. for the past five years.
» Located directly southeast of the intersection of Interstate 15 and Interstate 10, feeding directly to Downtown Los Angeles and leading to increased commuter traffic (combined 469,000 AADT).
» Easily accessible location along E Airport Drive, a primary retail east-west thoroughfare in the heart of the city.
» Adjacent to Ontario Mills Mall, which draws approximately 28 million annual visitors, making it one of California’s most visited retail centers.
» 248,548 residents live within five miles of the property, providing an extremely large customer base for the site.
» High average annual household income of $128,042 within a 10-mile radius of the site.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
19,700 SF
Building Class
C
Year Built
1984
Price
$5,713,000
Price Per SF
$290
Cap Rate
5.50%
NOI
$314,205
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.53 AC
Zoning
NA
Parking
26 Spaces (1.24 Spaces per 1,000 SF Leased)
Frontage
155’ on E Airport Dr
PROPERTY TAXES
| Parcel Number | 0238-052-27 | Improvements Assessment | $3,548,649 |
| Land Assessment | $2,392,920 | Total Assessment | $5,941,569 |
PROPERTY TAXES
Parcel Number
0238-052-27
Land Assessment
$2,392,920
Improvements Assessment
$3,548,649
Total Assessment
$5,941,569
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