9137 Central Ave Montclair, CA 91763

Property Details for 9137 Central Ave

Year built

1992

Lot size

2.42 lot acres

Property size

32,568 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 32,568 square foot shopping center in Montclair, CA, presents a compelling investment opportunity. Boasting a 100% occupancy rate with established tenants Petco and Harbor Freight Tools since February 1992, this NNN-leased property generates a strong NOI of $370,402, yielding a 6.50% cap rate. Situated on a 2.42-acre lot with 120 parking spaces, the property benefits from its prime location near a major regional mall, Interstate 10, and a high-density residential area with an average household income of $113,904. The property includes rent bumps and is located in a rapidly growing area with significant daytime demand and new residential development. The property features a fee simple ownership structure and is situated in a high-traffic area with 52,213 cars per day at a signalized intersection. This stabilized investment offers a secure and profitable return. Built in 1992, the property is adjacent to a top-performing retail center anchored by Target, Gold's Gym, and Best Buy. The proximity to Claremont Colleges and its location within the rapidly growing Inland Empire further enhance its long-term value.