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MULTI-TENANT RETAIL NNN 631-681 E Foothill Blvd 10,347 SF 88% Leased Retail Building Upland, CA 91786 $5,918,000 ($571.95/SF) 5.25% Cap Rate
Investment Highlights
- The property is 100% occupied with ±12,250 SF of multi-tenant retail space anchored by Circle K.
- The center features long-term tenancy, with several occupants in place for more than ten years.
- The site offers excellent visibility at a signalized intersection with traffic counts exceeding ±41,000 vehicles per day.
- All tenants operate under NNN leases, providing full expense reimbursement and minimal management responsibilities.
- The property benefits from recent capital improvements, including a new roof in 2024 and parking lot rehab in 2025.
Executive Summary
631–681 E. Foothill Boulevard is a 100% occupied, multi-tenant NNN retail investment located along one of Upland’s primary commercial corridors. The ±12,250 SF center is anchored by Circle K and supported by a diverse mix of service-oriented tenants, many of whom have operated at the property for over a decade, providing durable and internet-resistant cash flow. Constructed in 1990, the property has benefited from recent capital improvements, including a new roof completed in 2024 and a parking lot rehabilitation in 2025. Offered at a ±5.25% cap rate, the asset generates approximately $310,700 in annual net operating income with full expense reimbursement from tenants, ensuring ease of management. Positioned at a signalized intersection with traffic counts exceeding ±41,000 cars per day, the property offers strong visibility, consistent foot traffic, and long-term income stability in an established retail trade area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,347 SF
Building Class
B
Year Built
1990
Price
$5,918,000
Price Per SF
$571.95
Cap Rate
5.25%
NOI
$310,695
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.93 AC
Zoning
CH, Upland - commercial retail neighborhood
Parking
55 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This ±1,200 SF retail unit offers a functional layout ideal for a variety of retail uses. The space provides excellent visibility, convenient parking, and signage opportunities to maximize exposure.
| Space | Size | Space Use | Position | Available |
| 641 | 1,200 SF | Retail | In-Line | Now |
641
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
641
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
This ±1,200 SF retail unit offers a functional layout ideal for a variety of retail uses. The space provides excellent visibility, convenient parking, and signage opportunities to maximize exposure.
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,650,634 | |
| Land Assessment | $2,373,931 | Total Assessment | $6,024,565 |
Property Taxes
Parcel Numbers
Land Assessment
$2,373,931
Improvements Assessment
$3,650,634
Total Assessment
$6,024,565
Contacts
-
Brian Melkesian -
Luke Melkesian -
Lee & Associates Commercial Real Estate Services
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MULTI-TENANT RETAIL NNN | 631-681 E Foothill Blvd
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