Investment Overview

Marcus & Millichap is pleased to present a prime value-add multi-tenant investment opportunity located at 10340–10368 Central Avenue in Montclair, California. This offering represents a rare chance to acquire a fully occupied retail center in one of the Inland Empire’s most dynamic and growth-oriented trade areas. The property consists of 4,785 square feet on approximately 0.65 acres, strategically positioned along Central Avenue—a major thoroughfare with traffic counts of roughly ±37,000 vehicles per day. This prime frontage ensures exceptional visibility and consistent consumer flow, making the asset highly attractive for both current income and future upside. The center features a diverse mix of service and retail tenants, many of whom have demonstrated long-term occupancy and resilience through economic cycles. This tenant profile provides investors with stable cash flow today, while the property’s configuration and location create multiple pathways for value enhancement tomorrow. Specifically, the site offers ground lease potential on the PAD, as well as opportunities for repositioning or redevelopment, enabling investors to unlock significant upside through creative strategies. Recent capital improvements further strengthen the investment case. The landlord has invested substantially in the property, completing upgrades to the roof, HVAC systems, and parking lot, which reduces near-term maintenance risk and enhances operational efficiency. Combined with the property’s inflation-resistant lease structure featuring annual rent escalations, this asset is positioned as a secure and forward-looking investment in today’s market. The surrounding trade area underscores the property’s long-term growth potential. Within a five-mile radius, Montclair boasts over 486,000 residents and 149,151 households, with a population density exceeding 22,000 people per square mile. This dense consumer base, coupled with proximity to Interstate 10 and major employment hubs, ensures strong daytime traffic and sustained demand for convenience-oriented retail and services. The Inland Empire continues to experience robust population growth, new housing development, and rising consumer spending—all tailwinds that support the property’s future performance. In summary, this offering combines stable in-place income, recent capital improvements, and multiple value-add strategies in a high-demand, growth-oriented market. Investors seeking a well-located retail asset with both immediate cash flow and long-term upside will find this property to be an exceptional opportunity.