Neighborhood Retail Center with
1525 East Ontario Avenue Corona, CA 92881
New
For Sale
Contact for pricing
Neighborhood retail center anchored by a long-term Starbucks NNN lease, with multi-tenant strip components and multiple acquisition options.
Property Size42,532 SF
Lot Size5.87 Acres
Price / SF$374.89
Days on Market5
Property Features for 1525 East Ontario Avenue
General Information
- Standard status
- Active
- Size
- 42,532 SF
- Lot size
- 5.87 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency:
CBRE LA
(239) 631-8788
Listed By:
Jenny Eng · License #CA 01931224
Source:
Crexi
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 6:00PM
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 CBRE LA
Investment Insights
Based on property information with market context.
Corona Cerrito Plaza is a neighborhood retail center built in 2006, spanning seven parcels and totaling approximately 42,532 square feet. The property includes a multi-tenant strip designated as Building D (19,033 SF) and Buildings F and G combined (16,349 SF), along with a Starbucks pad of approximately 1,700 SF under a long-term NNN lease through April 2047. A J4K Preschool pad of approximately 5,450 SF is also included.
The center is located at a signalized intersection of E. Ontario Avenue and the I-15 on/off ramps in Corona, California. The site provides direct freeway visibility with pylon sign positioning along I-15 and frontage on E. Ontario Avenue.
This offering is structured to accommodate four distinct acquisition profiles, with each component available individually or as part of a broader portfolio.
The center is located at a signalized intersection of E. Ontario Avenue and the I-15 on/off ramps in Corona, California. The site provides direct freeway visibility with pylon sign positioning along I-15 and frontage on E. Ontario Avenue.
This offering is structured to accommodate four distinct acquisition profiles, with each component available individually or as part of a broader portfolio.
Key Highlights
- Neighborhood retail center built in 2006 totaling 42,532 SF across seven parcels (255,697 SF site; 15.87 acres).
- Starbucks pad approx. 1,700 SF on a long‑term NNN lease through April 2047.
- Multi‑tenant components include Building D (19,033 SF) and Buildings F+G combined (16,349 SF).
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $918.7k | $21.60 |
| − Vacancy | −$78.1k | −$1.84 |
| EGI | $840.6k | $19.76 |
| − OpEx | −$252.2k | −$5.93 |
| NOI | $588.4k | $13.83 |
42,532 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.41M
$7.36M – $9.81M
NOI $588,422 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.23M
$11.58M – $15.43M
NOI $926,041 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sushi R91
Restaurant
Lashes 102
Hair Salon
APart ​Gara​ge Doo​rs ...
Auto Parts Store
Dr. Brian Heller, ...
Alternative Medicine Practice
Rejuvenate Chiropractic Spa
Alternative Medicine Practice
Similar Off Market Nearby
- Quick-Tag — Walmart, 1290 E Ontario Ave, Corona, CA 92881
- Coinstar Kiosk | Bitcoin ATM — Albertsons, 1260 E Ontario Ave, Corona, CA 92881
- Corona Cerrito Plaza — 1525 E Ontario Ave, Corona, CA 92881
- Corona Vista — 901 E Ontario Ave, Corona, CA 92881
FAQs
What type of property is this?
Shopping center - Neighborhood retail center anchored by a long-term Starbucks NNN lease, with multi-tenant strip components and multiple acquisition options.
Where is this shopping center located?
The property is located at 1525 East Ontario Avenue Corona, CA.
What is the asking price?
The asking price for this property is $15,945,000.
What are key features of this property?
This property features: Neighborhood retail center built in 2006 totaling 42,532 SF across seven parcels (255,697 SF site; 15.87 acres).; Starbucks pad approx. 1,700 SF on a long‑term NNN lease through April 2047.; Multi‑tenant components include Building D (19,033 SF) and Buildings F+G combined (16,349 SF).
