www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33227806
33227807

131 E. Riverside Drive, Ontario, CA 91761

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$4,945,000
5 days on market
Updated 5 days ago

Dollar Tree & New Century Market

Details
APN 1051-614-03-0000, 1051-614-09-0000
Property Type Retail
Sub Type Shopping Center
Square Footage 29,120
Cap Rate 6%
NOI $296,698
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar Tree
Lease Type NNN
Rent Bumps Yes
Price per SqFt $170
Year Built 1980
Acreage 3.770
Zoning CN: Neighborhood Commercial
Parking Spaces 140 spaces
Parking Per SqFt 4.81
Investment Type Stabilized
Tenant Credit Credit Rated
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

Retail | 6.00% CAP | 29,120 SqFt

Marketing description

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, anchored, big box retail center located in Ontario, CA (Riverside MSA). The offering sits on two large parcels spanning across 3.77 acres and totals 29,120 rentable square feet across two big box suites. The Property is 100% occupied by two tenants, New Century Market and Dollar Tree (S&P: BBB), providing stable in-place cash flow. The asset features a weighted average lease term of approximately 14.2 years, minimizing near-term rollover risk and providing long-term income stability for investors. New Century Market occupies approximately 14,120 square feet and operates under a long-term NNN lease with scheduled 10% rental increases every five years throughout the primary term. Dollar Tree ranks in the top 93rd percentile of locations nationwide (Placer.ai) and recently executed a new 10-year lease extension. The Property is being offered at approximately $170/SF, representing pricing that is well below estimated replacement cost for comparable retail product in the Ontario trade area and broader Southern California market.

The offering includes a parcelized, 1.02-acre land pad available for future development or leasing, providing a compelling value-add opportunity through future monetization or a potential pad sale that could help lower an investor’s overall basis (see site plan for details). In addition, the center has experienced continued investment and development activity, highlighted by the addition of a new Dutch Bros Coffee location and a planned two-story self-storage facility, both of which further reinforce the strength and long-term growth trajectory of the immediate trade area.

The asset is strategically located at the signalized, hard corner intersection of Euclid Avenue and East Riverside Drive which supports more than 58,000 vehicles per day. Furthermore, the site benefits from nearby access to Highway 60 (228,000 VPD), Central Ave (22,900 VPD), and Mountain Ave (28,800 VPD), making this an ideal, centralized location with easy commutes. In addition, the site is directly adjacent to Home Depot that supports nearly 1 million visitors per year and ranks in the top 74th percentile of locations nationwide, significantly increasing consumer traffic to the immediate subject trade area (per Placer.ai). Moreover, the subject property is less than 2 miles southeast of Chino Town Square, a 531,000+ square foot power center anchored by Target, Burlington, Ross dd’s Discounts, Planet Fitness, and more. Other nearby national/credit tenants include Albertsons, Smart & Final, Superior Grocers, Five Below, Harbor Freight, 24 Hour Fitness, and more. The asset is ideally located between multiple large-scale apartment complexes such as Legacy Ontario (346 units – currently under development), Veranda Ontario (142 units), Artisan Master Community (235 units), and more, providing a direct residential consumer base from which to draw. The dense, 5-mile subject trade area is supported by more than 353,000 residents and 122,000 daytime employees. Residents within a 1-mile radius boast extremely affluent average household incomes of more than $121,000.

Investment highlights

  • 100% Occupied | Investment Grade Anchor (S&P:BBB) | Big Box
  • 1.02 Acre Land Pad Included | Dutch Bros & Planned Self-Storage
  • Below Replacement Cost | WALT - 14.2 Years | SoCal Real Estate
  • Strong National/Credit Tenants | Dense Retail Corridor
  • Signalized, Hard Corner Intersection | Centralized Location
  • Strong Demographics in 5-Mile Trade Area | Affluent Incomes

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$296,698.00
$24,724.83/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Garrett Colburn
License
01416734
Title
Broker of Record
Name
Patrick R. Luther, CCIM
License
01912215
Brokerage
SRS
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591