11090 Foothill Blvd, Rancho Cucamonga, CA 91730

Colliers is pleased to present the opportunity to acquire a fee-simple 61,029 SF portion of the Rancho Cucamonga Town Center Square on 5.17 acres. The property has been 100% leased since inception in 1996.

Existing tenants include Office Depot, Barnes & Noble, and Aldi, which are part of the 25-acre, 230,681 SF Community Center co-anchored with PetsMart, Seafood City, and Harbor Freight. The property has been well-managed and maintained by the current ownership for 20 years. The esteemed Lewis Homes development company built the property.

Ideally located in the high-growth Inland Empire area of Southern California east of Los Angeles with easy freeway access via I-10 and I-15 freeways. Foothill Blvd includes single-family homes, apartments, and retail properties constructed over the past fifty years. Nearby are the 1.25 million square foot Victoria Gardens Mall, the $120 million state-of-the-art California Speedway racing facility, the 1.7 million square foot Ontario Mills Outlet Center, the Ontario Convention Center, and Citizens Business Bank Arena—an 11,000-seat entertainment/sports arena in Ontario. The property offers the opportunity to purchase a stable, fully occupied retail property at a 6.52% CAP rate, with 5.25 year WALT and early lease extensions.

OFFICE DEPOT RECENTLY TAKEN PRIVATE BY ATLAS HOLDINGS, A MUCH BIGGER COMPANY THAT OWNS 29 COMPANIES, EMPLOYS 60,000 PEOPLE AND GENERATES $20 BILLION IN ANNUAL REVENUE. ITS BUSINESSES INCLUDE AUTO SUPPLY, BUILDING MATERIALS, CONSTRUCTION, ETC. DESPITE FALLING SALES IN 2024, OFFICE DEPOT GENERATED A PROFIT OF $3.35 PER SHARE.

$7 MILLION NON-RECOURSE ASSUMABLE FINANCING AT 4.79% THROUGH 2031.