Shopping Neighborhood
Center Point Plaza
33490-33492 Oak Glen Rd, Yucaipa, CA 92399
Listing Price: $11,500,000
Investment Overview
Marcus & Millichap proudly presents Center Point Plaza Shopping Center, an exceptional investment opportunity with a fully leased retail strip center that offers both immediate cash flow and future growth potential. Spanning ±27,464 square feet on a ±5.06-acre site in Yucaipa, California, this neighborhood center boasts high visibility and accessibility, strategically located near Yucaipa Boulevard and Glen Oaks Road, a high-traffic area with over 42,000 cars daily.
The property features a diverse tenant mix, including recession-proof businesses in services, medical, and food sectors, many of which have been established at this location for over a decade. Lease agreements include annual rent escalations, providing a hedge against inflation and supporting potential net operating income (NOI) growth. Built in 2007 and offered directly from the original developers, Center Point Plaza includes three buildings and a fully entitled drive-thru pad, allowing for future development or break-up sale strategies.
Economic indicators in Yucaipa are robust, with projected job growth of 38.3 percent over the next decade. The area boasts a dense population, with approximately 89,893 residents within a five-mile radius and an average household retail expenditure of $81,108 in 2023. The property is close to major transportation hubs, including the San Bernardino International Airport and Ontario Airport, enhancing its logistical appeal.
Proximity to health-centric areas like Loma Linda and Redlands, as well as educational institutions such as the College of the Redlands and Crafton Hills College, further bolster the property’s attractiveness. These factors ensure steady foot traffic and a reliable customer base for the retail tenants.
In summary, Center Point Plaza Shopping Center offers a stable income stream, a loyal tenant base, and significant potential for value appreciation. Its prime location, strong economic environment, and strategic accessibility make it an ideal investment for those seeking long-term growth and income stability.
Center Point Plaza
Investment Highlights
- True Value-Add Opportunity at Center Point Plaza Shopping Center, Offering Significant Upside Potential
- An Investor can Achieve Substantial Upside Profit by Repositioning the Center and Building or Securing a Ground Lease on the PAD
- Diverse Mix of Tenants with Staggered Leases, Including Recession-Proof Businesses, Majority Thriving Here for Over a Decade
- Lease Agreements Feature Annual Rent Escalations, Offering a Savvy Defense Against Inflationary Pressures
- The Subject Property Occupies a Prime 5.07-acre Parcel, Offering Flexibility to Divide Into Separate Parcels for Future Disposition Efforts.
- Densely Populated Trade Area, approximately 89,893 Residents Within Five Miles Spend $81,108 on Retail, Reflecting Strong Consumer Purchasing Power
- The Property is Ideally Positioned near Yucaipa's Busiest Intersection, Yucaipa Boulevard and Glen Oaks Road, with Over 42,000 Daily Cars
- The City of Yucaipa Stands as a Beacon of Steady Population and Job Growth, with a Robust Economy Predicting 38.3 Percent Job Growth Over the Next Decade
Exclusively Listed By
Financing By
Listing Price: $11,500,000
Investment Highlights
- True Value-Add Opportunity at Center Point Plaza Shopping Center, Offering Significant Upside Potential
- An Investor can Achieve Substantial Upside Profit by Repositioning the Center and Building or Securing a Ground Lease on the PAD
- Diverse Mix of Tenants with Staggered Leases, Including Recession-Proof Businesses, Majority Thriving Here for Over a Decade
- Lease Agreements Feature Annual Rent Escalations, Offering a Savvy Defense Against Inflationary Pressures
- The Subject Property Occupies a Prime 5.07-acre Parcel, Offering Flexibility to Divide Into Separate Parcels for Future Disposition Efforts.
- Densely Populated Trade Area, approximately 89,893 Residents Within Five Miles Spend $81,108 on Retail, Reflecting Strong Consumer Purchasing Power
- The Property is Ideally Positioned near Yucaipa's Busiest Intersection, Yucaipa Boulevard and Glen Oaks Road, with Over 42,000 Daily Cars
- The City of Yucaipa Stands as a Beacon of Steady Population and Job Growth, with a Robust Economy Predicting 38.3 Percent Job Growth Over the Next Decade
Investment Overview
Marcus & Millichap proudly presents Center Point Plaza Shopping Center, an exceptional investment opportunity with a fully leased retail strip center that offers both immediate cash flow and future growth potential. Spanning ±27,464 square feet on a ±5.06-acre site in Yucaipa, California, this neighborhood center boasts high visibility and accessibility, strategically located near Yucaipa Boulevard and Glen Oaks Road, a high-traffic area with over 42,000 cars daily. The property features a diverse tenant mix, including recession-proof businesses in services, medical, and food sectors, many of which have been established at this location for over a decade. Lease agreements include annual rent escalations, providing a hedge against inflation and supporting potential net operating income (NOI) growth. Built in 2007 and offered directly from the original developers, Center Point Plaza includes three buildings and a fully entitled drive-thru pad, allowing for future development or break-up sale strategies. Economic indicators in Yucaipa are robust, with projected job growth of 38.3 percent over the next decade. The area boasts a dense population, with approximately 89,893 residents within a five-mile radius and an average household retail expenditure of $81,108 in 2023. The property is close to major transportation hubs, including the San Bernardino International Airport and Ontario Airport, enhancing its logistical appeal. Proximity to health-centric areas like Loma Linda and Redlands, as well as educational institutions such as the College of the Redlands and Crafton Hills College, further bolster the property’s attractiveness. These factors ensure steady foot traffic and a reliable customer base for the retail tenants. In summary, Center Point Plaza Shopping Center offers a stable income stream, a loyal tenant base, and significant potential for value appreciation. Its prime location, strong economic environment, and strategic accessibility make it an ideal investment for those seeking long-term growth and income stability.
Exclusively Listed By
Financing By
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