Montclair Square II
Montclair Square II | Value-Add Multi-Tenant Retail w/ Ground Lease Pad Upside
Marketing description
The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present 10340–10368 Central Avenue, a fully occupied multi-tenant retail investment located in the heart of Montclair, California. Situated on approximately ±0.65 acres, the ±4,785-square-foot center offers stable in-place income with significant long-term upside in one of the Inland Empire's most active retail corridors.
Positioned along Central Avenue with traffic counts exceeding 61,000 vehicles per day, the property benefits from exceptional visibility, strong consumer exposure, and convenient access to Interstate 10 and major employment centers throughout the region.
The center features a diverse mix of service and retail tenants with a history of long-term occupancy, providing dependable cash flow and resilience through changing market cycles. Investors can further enhance value through potential pad development, tenant repositioning, or future redevelopment opportunities.
Ownership has completed substantial capital improvements, including upgrades to the roof, HVAC systems, and parking areas, helping minimize near-term capital requirements. Existing leases also feature annual rent increases, providing built-in income growth and inflation protection.
The surrounding trade area boasts exceptional demographics, with approximately 487,000 residents and 150,000 households within a five-mile radius. Continued population growth, new housing development, and rising consumer spending throughout the Inland Empire support the property's long-term performance.
Combining stable current income, recent capital improvements, and multiple value-add opportunities, 10340–10368 Central Avenue offers investors an attractive blend of immediate cash flow and future upside in a high-demand Southern California market.
Investment highlights
Prime Value-Add Multi-Tenant Retail Investment
10340–10368 Central Avenue | Montclair, California
±4,785 SF on ±0.65 Acres | 100% Occupied | 8.59% Pro Forma CAP Rate
• Excellent Visibility & Exposure – Prime Central Avenue frontage with traffic counts exceeding ±61,000 vehicles per day, providing strong consumer exposure and consistent traffic.
• Ground Lease & Redevelopment Upside – Rare opportunity to create additional value through pad development, repositioning, or future redevelopment strategies.
• 100% Occupied with Stable Cash Flow – Diverse mix of service and retail tenants with strong operating histories and long-term occupancy.
• Recent Capital Improvements – Ownership has invested in the roof, HVAC systems, and parking lot, reducing near-term capital requirements.
• Built-In Rental Growth – Existing leases feature annual rent increases, providing inflation protection and long-term income growth.
• Strong Demographics – Approximately 486,000 residents and 149,000 households within a five-mile radius, with population density exceeding 22,000 people per square mile.
• Excellent Access & Signage – Signalized frontage, strong visibility, ample parking, and convenient access to Interstate 10.
• Positioned in a Growing Inland Empire Market – Benefiting from continued population growth, new housing development, and rising consumer demand.
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