NEC of Citrus Ave & Highland Ave | Fontana, CA 92336
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NEC of Citrus Ave & Highland Ave
Fontana, CA 92336
FedEx, Marco's Pizza, West Dental Shops · Retail Property For Sale
Investment Highlights
- New Class A Development | New Construction | 3-Tenant Offering
- Free & Clear of Existing Debt
- Dense and Highly Trafficked Trade Area
Executive Summary
Newmark Retail Capital Markets is pleased to offer qualified investors the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed multi-tenant pad investment leased to national tenants which include FedEx, Marco’s Pizza and West Coast Dental located in Fontana, California within Citrus Crossroads, a highly anticipated class A grocery anchored shopping center for North Fontana and the surrounding trade area. The 3 tenants recently signed brand new leases with options to extend, demonstrating their commitment to the site. All tenants operate under NNN leases. The leases feature annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation. The leases are NNN, making it an ideal, passive investment opportunity for an investor. All three leases feature strong corporate, and franchise, guarantees from successful service and restaurant-oriented businesses.
PROPERTY FACTS In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,240 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
£4,211,804
Price Per SF
£675
Net Initial Yield
5.35%
NOI
£225,308
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Lot Size
0.57 AC
Zoning
c2 - General Commercial
Amenities
- Corner Lot
1 of 6
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