5454-5484 Moreno St
Montclair, CA 91763
Moreno Retail Center · Retail Property For Sale

PROPERTY OVERVIEW LOW IN-PLACE RENTS - Rents are from a low of only $0.46/SF with an average of $1.04/SF. The current ownership's goal coming out of the downturn was to fill the center even at low rents. This provides a new investor with the opportunity to capture higher rents when current leases expire. • VALUE ADD OPPORTUNITY - With low rents and most options at fair market value, an investor can easily bring rents to market as well as lease the 3,150 SF endcap location • IMPROVEMENTS - Built originally in 1979, the property was recently renovated including exterior paint, monument signs, heat sensors, and parking lot. • STRONG INCOME GROWTH - Pre-scheduled rent increases will create a 14% increase in the income of the property over the next 3 years. • SIGNAGE - The two monument signs provide additional street exposure for the tenants. LOCATION OVERVIEW • HARD-CORNER SIGNALIZED INTERSECTION - The subject property is located at the signalized intersection of Moreno Street and Vernon Avenue. Moreno Street runs east-west connecting Central Avenue and Mountain Avenue. • RETAIL SYNERGY - The subject property is located near the Montclair Plaza Mall (1.2M SF, recently renovated), AMC Theaters, Forever 21, The Canyon (17,500 SF music/entertainment venue), and Kids Empire (11,000 SF indoor playground). Other retailers in the immediate area include dd's Discounts, Ross Dress for Less, Dollar Tree, Petco, Peir 1 Imports, Chase Bank, Harbor Freight Tools, McDonalds, Tuesday Morning, Men's Warehouse, Firestone Tires, El Pollo Loco, and Chipotle. • DENSE TRADE AREA - Over 466,000 people within a 5-mile radius of the subject property with an average household income in excess of $84,000 • MONTCLAIR - Located at the border of SB and Los Angeles counties, the City currently has a population of 40,211 residents. Montclair is located near the prestigious Claremont Colleges and the University of La Verne. Top employers include Ontario-Montclair School District, Chaffey Joint School District, City of Montclair, Montclair Hospital Center, Costco and Target.