The Home Depot: Corona, CA
Net Lease Home Depot Asset in Corona, CA
Marketing description
CBRE is pleased to offer for sale the 100,000-square-foot Home Depot situated on 8.82 acres in Corona, CA—a component of the broader Riverside-San Bernardino-Ontario MSA (Population: 4.7M+). Home Depot’s net lease features ±8.7 years of primary term remaining with an 8.13% rent increase in 2030. Additionally, the lease features two, 5-year renewal options with 10% increases at the onset of both options.
The Home Depot is a central anchor of the 489,151-square-foot Corona Hills Plaza, one of the premier shopping destinations in the Inland Empire. The center features a robust mix of national retailers including Costco, TJ Maxx, Ross Dress for Less, Five Below, Dollar Tree, and Big 5 Sporting Goods, as well as popular dining destinations like Lazy Dog Restaurant & Bar and Texas Roadhouse.
Located at 480 N. McKinley Street in Corona, the Home Depot is positioned with exceptional visibility and access along the State Route 91 (±220,000 VPD) and near the I-15 interchange. Its location off the McKinley Street exit provides direct regional connectivity for residential consumers and professional contractors throughout Riverside and Orange Counties.
Investment highlights
Net Lease with Rent Increases
Home Depot’s net lease features ±8.7 years of primary term remaining with a 8.13% rent increase in 2030. Additionally, the lease features two, 5-year renewal options with 10% increases at the onset of both options.
Part of the 489,151 SF Corona Hills Plaza
The Home Depot is a core anchor of the 489,151-square-foot Corona Hills Plaza, one of the most prominent and high-traffic shopping destinations in the Inland Empire. The center boasts a powerful lineup of national big-box retailers, including Costco, TJ Maxx, Ross Dress for Less, Five Below and Big 5 Sporting Goods, along with popular dining staples like Lazy Dog Restaurant & Bar and Texas Roadhouse. By visits, Corona Hills Plaza consistently ranks as a top-tier retail performer within the Inland Empire and the broader California market, benefiting from its strategic position along the State Route 91 (±220,000 VPD).
Excellent Access & Visibility | Regional Connectivity
Located approximately 45 miles southeast of downtown Los Angeles, the Home Depot is positioned with premier visibility and strategic access along the State Route 91 (±220,000 VPD), a vital artery connecting the Inland Empire to Orange County. Its proximity to the McKinley Street exit and the I-15 interchange provides direct regional connectivity for both residential consumers and professional contractors throughout Corona, Riverside, and the neighboring Southern California markets.
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