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.