16188 S Highland Ave - Supermarket FOR SALE


Fontana, CA 92336
$19,640,000 USD
213-298-3593
16188 S Highland Ave, Fontana, CA for Sale
$19,640,000 USD
Supermarket - FOR SALE
1/9
null | 5% Cap Rate

16188 S Highland Ave
Fontana, CA 92336


HIGHLIGHTS

  • High tech “state of the art” grocer
  • Best in class “A” credit tenant
  • Strong demographics with average HH incomes in excess of $120,000 per year
  • Long term lease with contractual rent increases
  • Excellent regional location

OVERVIEW

Newmark Retail Capital Markets is pleased to present qualified investors with the opportunity to acquire a brand new single tenant Amazon Fresh in the City of Fontana, California. The offering consists of a newly constructed 40,100 square foot Amazon Fresh store located on a 4.03 acre fully improved land parcel. The subject property is the main anchor for the newly completed Citrus Crossroads Shopping center located at the Southeast corner of Citrus Avenue and the Foothill (210) Freeway in the City of Fontana. Co-tenant include Starbucks, Habit Burger Grill, Fedex and West Coast Dental. This is the first store in Southern California that is Amazon Fresh's brand new, modern prototype. The trade area is characterized by a strong existing and growing residential base with average household incomes in excess of $120,000 per year in the immediate one-mile trade area. The tenant offers the security of a top-tier institutional credit rating combined with a new 10 year lease that includes strong contractual rent increases. This is an exceptional opportunity for private investors or 1031 trade buyers seeking a low risk, high quality asset with minimal management responsibilities.

FOR SALE DETAILS

PRICE

$19,640,000 USD

PRICE/SF

$490 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amazon Fresh

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.91 AC

LAND SF

214,083 SF

ZONING

c2

APN/PARCEL ID

0240-011-58

ASK ABOUT THIS PROPERTY

William BaumanNewmarkMore Info
213-298-3593

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William BaumanNewmarkMore Info
213-298-3593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.