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Anchored Big Box Retail Center
For Sale
$4,945,000

131 E Riverside Drive, Ontario, CA 91761

Two-tenant, big box retail asset with long weighted lease terms and an additional land pad for future value-add.

Property Size29,120 SF
Lot Size3.77 Acres
Price / SF$169.81
Days on Market69

Property Features for 131 E Riverside Drive

General Information

Standard status Active
Size 29,120 SF
Lot size 3.77 Acres
Property subtype Retail
Zoning CN: Neighborhood Commercial
Occupancy 100%

Building Details

Building Size 29,120 SF
Year Built 1980
Stories 1
Tenancy Multi
Listing Agency: SRS Industrial - Newport Beach
Listed By: Matthew Mousavi · License #CA 01732226
Source: Srsre
Added: Jun 1 Changed: Aug 8 Last Checked: Jun 3 at 2:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach

Investment Insights

Based on property information with market context.

This fee simple offering presents an anchored, two-tenant big box retail center with two large parcels totaling 3.77 acres and approximately 29,120 rentable square feet across two suites. The property is 100% occupied by New Century Market and Dollar Tree, providing in-place income supported by long-duration leasing. New Century Market occupies approximately 14,120 square feet under a long-term NNN lease with scheduled 10% rental increases every five years through the primary term. Dollar Tree has executed a new 10-year lease extension, and the asset carries a weighted average lease term of approximately 14.2 years to help reduce near-term rollover risk.

The site includes a parcelized 1.02-acre land pad available for future development or leasing, creating a built-in opportunity to monetize additional square footage or potentially pursue a pad sale. Recent and planned investment activity further supports the area’s growth trajectory, including the addition of a new Dutch Bros Coffee location and a planned two-story self-storage facility.

For buyers and investors, this configuration offers immediate cash flow with national-credit retail exposure plus a defined value-add component through the available land pad. The combination of stable tenancy, minimal near-term lease rollover, and future site flexibility makes the property well-suited for an income-oriented acquisition or for operators seeking long-term retail holdings with upside.

Key Highlights

  • Two‑tenant, anchored big box retail center in Ontario, CA with 29,120 rentable SF across two suites
  • Located on 3.77 acres with two parcels, plus a separate 1.02‑acre land pad available for future development or leasing
  • Property is 100% occupied by New Century Market (approx. 14,120 SF) and Dollar Tree

Property Analytics

Current Use

Dollar Tree Discount Store Amazon Locker - Tommasina Courier Service

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Dental Office Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

435
Businesses Nearby
Balanced
Demand for This Use

Demographics for 91761, CA

60,306
Population
18,309
Households
3.3
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
28.5 sq mi
ZIP Area
2,116
Density / Sq Mi
$97,396
Median Household Income
$44,493
Median Earnings
$2,015
Median Rent
$590,000
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Two-tenant, big box retail asset with long weighted lease terms and an additional land pad for future value-add.
Where is this shopping center located?
The property is located at 131 E Riverside Drive Ontario, CA.
What is the asking price?
The asking price for this property is $4,945,000.
What are key features of this property?
This property features: Two‑tenant, anchored big box retail center in Ontario, CA with 29,120 rentable SF across two suites; Located on 3.77 acres with two parcels, plus a separate 1.02‑acre land pad available for future development or leasing; Property is 100% occupied by New Century Market (approx. 14,120 SF) and Dollar Tree
More about this property
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