Owner | User to Occupy Shop Space or Pad Dev 10340-10368 Central Ave Local commercial 445 m² À vendre Montclair, CA 91763 1 786 008 € (4 017,64 €/m²)

Faris Lee Investments is pleased to present a unique opportunity for an owner-user to acquire this fee simple interest (land & building) strip center along the dominant Central Avenue retail corridor in Montclair, CA. The property boasts an exponential growth opportunity with the ability to ground lease a portion of the existing paved area. The Montclair Center offers a chance for a business to save on rent while benefiting from significant long-term value. An owner-user can offset costs due to property ownership vs leasing with a ROI of 18.35%. The asset is ideally configured with small leasable units averaging 1,200 sq. ft., allowing for a variety of uses and catering to the largest tenant pool for ease of leasing.
Montclair Center is ideally positioned within the dense infill city of Montclair along the highly trafficked Central Avenue, which experiences well over 31,200 vehicles per day. Montclair Center is located in close proximity to the major economic drivers of the area including Costco, Metroplex Auto Mall, and Montclair Place regional mall. These economic drivers help to ensure daily customer visits to the immediate trade area which benefit the tenants at Montclair Center. Additionally, the property benefits from exceptional demographics with over 508,000 residents with an average household income in excess of $93,200 and over 228,400 day-time employees within a 5-mile radius. Acquiring Montclair Center as an owner-user offers not only an ideal operational base for your business but also a strategic real estate investment with substantial upside potential.