Montclair Town Center - CoStar...

Montclair Town CenterOffering Memorandum

Broker: Eric TreibatchBroker Corp ID No. 01187117(818) 708-0888 [email protected]

Agent:Edward ChapmanLicense No. CA 01999563(818) 708-0888 [email protected]

Executive SummaryInvestment Data..........................2 Investment Overview...................4 Investment Highlights .................5

Property DescriptionProperty Details.............................7Area Maps..................................8-9Site Plan......................................10Parcel Map..................................11Development Potantial................12

Financial OverviewRent Roll................................................142018 Projected Income & Expense.......15Assumptions & Financing......................1610 Year Projection .................................17Tenant Summaries ................................18

Comparable PropertiesRecent Sales ...................................20-211 Mile Rent Survey...........................22-23

Market OverviewDemographic Summary.......................25

The information contained in this Marketing Brochure is strictly confidential and is intended to be reviewed only by the party receiving it from Ophir Management Services. This information should not be made available to any other person without the written consent of Ophir Management Services. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers and to establish only a preliminary interest in the subject property. The information in this Marketing Brochure is not a substitute for a thorough due diligence investigation. Ophir Management Services makes no warranty or representation with respect

to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements, or

the financial condition or business prospects of any tenants, including tenants plans or intentions to continue occupancy at the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Ophir Management Services has not verified, and will not

verify, any of the information contained herein. Ophir Management Services makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information contained herein.

Table of Contents

48,000 Vehicles per Day

Montclair Town Center9710-9886 Central Ave Montclair, CA 91763

Price $19,500,000CAP Current 6.42%Current Occupancy 82%

Financing CMBS Loan Assumption4.57% Interest Only for Entire TermDue 2024Annual Payment: $390,278Loan Balance: $9,150,000Down Payment: $10,350,000

Vital Data

NOI CAP

2018 $1,252,387 6.42% $862,109 8.33%

2019 $1,302,646 6.68% $912,368 8.82%

2020 $1,355,089 6.95% $964,811 9.32%

2021 $1,483,060 7.61% $1,092,782 10.56%

2022 $1,633,796 8.38% $1,243,518 12.01%

2023 $1,662,098 8.52% $1,271,820 12.29%

2024 $1,691,152 8.67% $1,300,874 12.57%

2025 $1,720,980 9.83% $1,330,702 12.86%

2026 $1,751,605 8.98% $1,361,327 13.15%

2027 $1,844,485 9.46% $1,454,207 14.05%

2028 $1,876,779 9.62% $1,486,501 14.36%

Cash Flow

Cash-on-Cash Return

See Assumptions and Financing Details on Page 15

Executive Summary - Investment Data

2

Gross Leasable Area 96,612 SF

Price/SF $201.84

Lot Size 9.67 AC

Executive Summary - Investment Overview

4

Ophir Management Services has been selected to exclusively market for sale the Montclair Town Center, a 96,612 square foot multi-tenant shopping center located on a major thoroughfare in Montclair, California. With ideal demographics and density, Montclair Town Center sits on approximately 10 acres of land.

Montclair Town Center presents the new Owner the opportunity to purchase a cash-flowing investment with significant upside through leasing vacant space (18%).

Major Tenants include 24 Hour Fitness, Dollar General, Burger King, Bank of America and Yum Yum Donuts.

Landlord has negotiated a right to terminate for 24 Hour Fitness, allowing for a new owner to market the anchor space to grocers while collecting rent from the current tenant.

Included in the sale is the opportunity to assume an interest only loan not due until 2024. This loan increases cash-flow and allows the new owner to retain capital for capital Improvements.

Executive Summary - Investment Highlights

5

82% Occupancy; Value-Add Investment Opportunity Situated on Central Avenue, the main North/South arterial of Montclair Two Signalized Intersections (Central Avenue at Benito Street and San Bernardino Street) 48,000 Cars per Day at Signalized Intersection Landlord Right to Terminate 24 Hour Fitness Lease allows for marketable Anchor Space Easily Accessible; Half Mile from Interstate 10 Burger King and Yum Yum Donuts have occupied space at the property over 30 years Four Separate Parcels allows for Flexible Future Disposition Strategies Future Drive-Through PAD Opportunity along Central Avenue

General Information

Property Description Property Details

7

PROPERTY Montclair Town CenterADDRESS 9710-9886 Central Ave

Montclair, CA 91763GLA 96,612 SFYEAR BUILT 1980 & 1986ZONING C-3APNs 1010-041-77, 80, 79, 78LOT SIZE 9.67 ACPARKING 513 spaces (5.31/1,000)

Property Description Area Maps

8

Property Description Area Maps

9

Property Description Site Plan

10

9880

9870

9860 9850

9828

9818

9814

9790

9748

9746

9744

9738

9736

9734

9732

9730

9886

9876

98789804 9802 9710

Not a Part

Not a Part

Nith

yana

ndes

hwar

a H

indu

Tem

ple

9816

9812

5220

5230

9810

974098

40

VACANCIES FUTURE PAD DEVELOPMENTCONTACT LISTING AGENTS FOR DETAILS

UNIT # UNIT SIZE5230 1,381 SF5220 1,361 SF9840 8,016 SF9816 1,214 SF9812 1,220 SF9810 1,797 SF9740 2,417 SF

Property Description Parcel Map

11

CENTRAL AVENUE

BEN

ITO

STR

EET

SAN BERN

ARDINO

STREET

1010-041-77 1010-041-791010-041-78

1010-041-80

Property Description Development Potential

12

Montclair Town Center has the potential to host a new Grocery Store in the 24 Hour Fitness space. The Landlord has cleverly negotiated a right to terminate 24 Hour Fitnesss lease, allowing for the new owner to market the Anchor space to grocery tenants while still collecting rent. Above is a rendering that would raise the elevation of the Anchor space for

a new grocer. Contact listing agents for details.

Financial Overview Rent Roll

14

Unit Tenant Sq Ft Lease From Lease Expire Rent Rent/SF NNN NNN/SF Total Rent Total/SF Increase Increases Options9730 Bank of America 905 8/1/2001 11/30/2021 1,529$ 1.69$ 392$ 0.43$ 1,921$ 2.12$ 12/1/2018 2% ann 1x5 Yr; 2%9732 Liberty Tax 905 12/3/2010 4/30/2020 1,298$ 1.43$ 392$ 0.43$ 1,690$ 1.87$ 5/1/2018 4% ann9734 Rose Spa 1,201 11/28/2012 11/30/2022 1,878$ 1.56$ 520$ 0.43$ 2,398$ 2.00$ 12/1/2018 3% ann9736 J's Cleaners 1,185 8/1/2013 7/31/2018 1,868$ 1.58$ 514$ 0.43$ 2,382$ 2.01$ 3% ann 1x5 Yr; 3%9746 Rise Above 1,164 11/21/2012 4/30/2020 1,590$ 1.37$ 505$ 0.43$ 2,095$ 1.80$ 5/1/2018 3% ann9818 Ferndog's Barber 625 10/14/2004 10/31/2019 1,194$ 1.91$ 271$ 0.43$ 1,465$ 2.34$ 11/1/2018 $50 / Yr9804 First Dental 3,293 11/1/2003 10/31/2023 6,753$ 2.05$ 1,401$ 0.43$ 8,154$ 2.48$ 10/1/2018 3% ann9802 Lucky Laundry 3,115 6/1/2000 1/31/2021 5,579$ 1.79$ 1,159$ 0.37$ 6,738$ 2.16$ 2/1/2018 3% ann 1x5 Yr; FMV9828 Bienvenidos Children 5,844 5/6/2002 4/30/2018 6,577$ 1.13$ 2,499$ 0.43$ 9,076$ 1.55$ FIXED9850 T-Shirt Warehouse 5,458 4/30/2007 9/30/2018 6,325$ 1.16$ 2,253$ 0.41$ 8,578$ 1.57$ 3% ann 1x5 Yr; 3%

9876-8 Prime Time Realty 3,000 3/30/2012 12/31/2018 5,218$ 1.74$ 1,299$ 0.43$ 6,517$ 2.17$ 3% ann 1x5 Yr; FMV9886 Yum Yum Donuts 1,308 9/1/2002 8/31/2022 3,700$ 2.83$ 565$ 0.43$ 4,265$ 3.26$ 9/1/2018 2.5% ann9860 Dollar General 15,892 8/12/2011 2/28/2022 12,012$ 0.76$ 5,251$ 0.33$ 17,263$ 1.09$ FLAT 2x5 Yr; 10% each9790 24 Hour Fitness 20,389 9/15/2006 9/30/2021 34,528$ 1.69$ 5,384$ 0.26$ 39,912$ 1.96$ 10/1/2021 FIXED 3x5 Yr; 10% each9720 ND Temple (NAP) - 1/1/2001 -$ -$ 2,486$ -$ 2,486$ -$ 9738 ESI Insurance 1,203 6/1/2002 8/31/2019 2,103$ 1.75$ 521$ 0.43$ 2,624$ 2.18$ 9/1/2018 3% ann9744 EZ Cash 1,207 8/1/2006 12/31/2020 1,727$ 1.43$ 522$ 0.43$ 2,249$ 1.86$ 1/1/2019 $0.04/SF/ann9748 Laptop Exchange 1,832 1/5/2012 1/31/2022 2,297$ 1.25$ 798$ 0.44$ 3,095$ 1.69$ 12/1/2018 3% ann 1x5 Yr; FMV9710 Burger King 2,717 9/17/1979 5/20/2020 4,605$ 1.70$ 352$ 0.13$ 4,957$ 1.82$ 9880 Dr. Do 1,875 5/12/2014 9/30/2019 2,868$ 1.53$ 806$ 0.43$ 3,674$ 1.96$ 10/1/2018 3% ann 1x5 Yr; 3%9870 Funtime 4,888 5/1/2017 9/30/2022 5,866$ 1.20$ -$ -$ 5,866$ 1.20$ 5/1/2018 $250 ann9814 Kitten's Place 1,200 6/15/2017 6/14/2022 1,248$ 1.04$ 504$ 0.42$ 1,752$ 1.46$ 6/15/2018 5% ann 1x5 Yr; 5%5230 VACANT 1,381 5220 VACANT 1,361 9840 VACANT 8,016 9816 VACANT 1,214 9812 VACANT 1,220 9810 VACANT 1,797 9740 VACANT 2,417

OCCUPIED 82% 79,206 VACANT 18% 17,406 TOTAL 100% 96,612 110,762$ 28,394$ 139,156$

Accelerated through Jan 2018

Sheet1

UnitTenantSq FtLease FromLease ExpireRentRent/SFNNNNNN/SFTotal RentTotal/SFIncreaseIncreasesOptions

9730Bank of America9058/1/0111/30/21$ 1,529$ 1.69$ 392$ 0.43$ 1,921$ 2.1212/1/182% ann1x5 Yr; 2%

9732Liberty Tax90512/3/104/30/20$ 1,298$ 1.43$ 392$ 0.43$ 1,690$ 1.875/1/184% ann

9734Rose Spa1,20111/28/1211/30/22$ 1,878$ 1.56$ 520$ 0.43$ 2,398$ 2.0012/1/183% ann

9736J's Cleaners1,1858/1/137/31/18$ 1,868$ 1.58$ 514$ 0.43$ 2,382$ 2.013% ann1x5 Yr; 3%

9746Rise Above1,16411/21/124/30/20$ 1,590$ 1.37$ 505$ 0.43$ 2,095$ 1.805/1/183% ann

9818Ferndog's Barber62510/14/0410/31/19$ 1,194$ 1.91$ 271$ 0.43$ 1,465$ 2.3411/1/18$50 / Yr

9804First Dental3,29311/1/0310/31/23$ 6,753$ 2.05$ 1,401$ 0.43$ 8,154$ 2.4810/1/183% ann

9802Lucky Laundry3,1156/1/001/31/21$ 5,579$ 1.79$ 1,159$ 0.37$ 6,738$ 2.162/1/183% ann1x5 Yr; FMV

9828Bienvenidos Children5,8445/6/024/30/18$ 6,577$ 1.13$ 2,499$ 0.43$ 9,076$ 1.55FIXED

9850T-Shirt Warehouse5,4584/30/079/30/18$ 6,325$ 1.16$ 2,253$ 0.41$ 8,578$ 1.573% ann1x5 Yr; 3%

9876-8Prime Time Realty3,0003/30/1212/31/18$ 5,218$ 1.74$ 1,299$ 0.43$ 6,517$ 2.173% ann1x5 Yr; FMV

9886Yum Yum Donuts1,3089/1/028/31/22$ 3,700$ 2.83$ 565$ 0.43$ 4,265$ 3.269/1/182.5% ann

9860Dollar General15,8928/12/112/28/22$ 12,012$ 0.76$ 5,251$ 0.33$ 17,263$ 1.09FLAT2x5 Yr; 10% each

979024 Hour Fitness20,3899/15/069/30/21$ 34,528$ 1.69$ 5,384$ 0.26$ 39,912$ 1.9610/1/21FIXED3x5 Yr; 10% each

9720ND Temple (NAP)- 01/1/01$ - 0$ - 0$ 2,486$ - 0$ 2,486$ - 0

9738ESI Insurance1,2036/1/028/31/19$ 2,103$ 1.75$ 521$ 0.43$ 2,624$ 2.189/1/183% ann

9744EZ Cash1,2078/1/0612/31/20$ 1,727$ 1.43$ 522$ 0.43$ 2,249$ 1.861/1/19$0.04/SF/ann

9748Laptop Exchange1,8321/5/121/31/22$ 2,297$ 1.25$ 798$ 0.44$ 3,095$ 1.6912/1/183% ann1x5 Yr; FMV

9710Burger King2,7179/17/795/20/20$ 4,605$ 1.70$ 352$ 0.13$ 4,957$ 1.82

9880Dr. Do1,8755/12/149/30/19$ 2,868$ 1.53$ 806$ 0.43$ 3,674$ 1.9610/1/183% ann1x5 Yr; 3%

9870Funtime4,8885/1/179/30/22$ 5,866$ 1.20$ - 0$ - 0$ 5,866$ 1.205/1/18$250 ann

9814Kitten's Place1,2006/15/176/14/22$ 1,248$ 1.04$ 504$ 0.42$ 1,752$ 1.466/15/185% ann1x5 Yr; 5%

5230VACANT1,381

5220VACANT1,361

9840VACANT8,016

9816VACANT1,214

9812VACANT1,220

9810VACANT1,797

9740VACANT2,417

OCCUPIED82%79,206

VACANT18%17,406

TOTAL100%96,612$ 110,762$ 28,394$ 139,156

Financial Overview 2018 Projected Income & Expense

Base Rent $1,329,148

NNN Collected $344,683

Additional Income $4,307

Income CAM $158,020

Insurance $18,044

Property Tax $195,961

Non CAM $13,852

Management Fee $39,874

Expenses

GROSS INCOME $1,678,138TOTAL EXPENSES $425,751

Notes:

NNN Collected reflects current NNN reimbursements plus new taxes passed through to occupied units (82%) New Prop Tax (195,961) Old Prop Tax (191,138) = 4,823 4,823 x 82% = 3,955

Property Tax estimated by San Bernardino County Tax Assessor website; reflects rate 1% (plus direct assessments) on purchase price Management Fee reflects 3% of base rents Additional Income reflects actual 2016 late fees ($4,107) and NSF fees ($200) Buyer must complete their own due diligence

NET OPERATING INCOME $1,252,387

DEBT SERVICE $390,278

CASH FLOW $862,109

15

Assumptions

Start of Analysis 1/1/2018; End of Analysis 1/1/2028 Additional Income increases 3% per year NNN Collected increases 2% per year Operating Expenses increase 2% per year All options exercised Expiring tenants renew on same terms Unit 9828 Bienvenidos Children renews at 3% increase Vacant spaces filled as follows at fair market value:

Unit 9816 leased in 2019 at FMV with 3% annual increases Unit 9812 leased in 2020 at FMV with 3% annual increases Unit 9810 leased in 2021 at FMV with 3% annual increases Unit 9740 leased in 2022 at FMV with 3% annual increases Units 5220, 5230 & 9840 remain vacant (11% Vacancy Factor)

Fair Market Value is $1.53/SF in 2018 and increased 3% per year thereafter, unless Tenant is paying higher than $1.53/SF, in which case Fair Market Value is 3% increase over the previous years rent

New leases are NNN (using $0.43/SF in 2018 and increased 2% per year thereafter) Burger King renews ground lease at $3.50/SF NNN flat (building size, not parcel size)Financing Assumptions

New owner assumes CMBS loan at 4.57% interest only due in 2024; principal balance $9,150,000; annual payment $390,278

Down Payment $9,850,000 Cash-on-cash return calculated as (net cash flow after debt service but before taxes)/(down payment) New owner refinances with same loan terms upon expiration of current loan 1.00% loan assumption fee not included

Financial Overview Assumptions & Financing

16

Financial Overview 10 Year Projection

17

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

GROSS POTENTIAL RENT 1,329,148$ 1,374,635$ 1,422,178$ 1,542,172$ 1,681,572$ 1,710,781$ 1,740,759$ 1,771,528$ 1,803,111$ 1,896,967$ 1,930,254$

NNN COLLECTED 344,683$ 357,841$ 371,293$ 387,991$ 408,223$ 416,387$ 424,715$ 433,209$ 441,874$ 450,711$ 459,725$

ADDITIONAL INCOME 4,307$ 4,436$ 4,569$ 4,706$ 4,848$ 4,993$ 5,143$ 5,297$ 5,456$ 5,620$ 5,788$

EFFECTIVE GROSS INCOME 1,678,138$ 1,736,912$ 1,798,040$ 1,934,870$ 2,094,642$ 2,132,162$ 2,170,617$ 2,210,034$ 2,250,441$ 2,353,297$ 2,395,767$

OPERATING EXPENSES 425,751$ 434,266$ 442,951$ 451,810$ 460,847$ 470,064$ 479,465$ 489,054$ 498,835$ 508,812$ 518,988$

NET OPERATING INCOME 1,252,387$ 1,302,646$ 1,355,089$ 1,483,060$ 1,633,796$ 1,662,098$ 1,691,152$ 1,720,980$ 1,751,605$ 1,844,485$ 1,876,779$

DEBT SERVICE 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$

NET CASH FLOW 862,109$ 912,368$ 964,811$ 1,092,782$ 1,243,518$ 1,271,820$ 1,300,874$ 1,330,702$ 1,361,327$ 1,454,207$ 1,486,501$

CAP RATE 6.42% 6.68% 6.95% 7.61% 8.38% 8.52% 8.67% 8.83% 8.98% 9.46% 9.62%

CASH ON CASH 8.33% 8.82% 9.32% 10.56% 12.01% 12.29% 12.57% 12.86% 13.15% 14.05% 14.36%

Sheet1

20182019202020212022202320242025202620272028

GROSS POTENTIAL RENT$ 1,329,148$ 1,374,635$ 1,422,178$ 1,542,172$ 1,681,572$ 1,710,781$ 1,740,759$ 1,771,528$ 1,803,111$ 1,896,967$ 1,930,254

NNN COLLECTED$ 344,683$ 357,841$ 371,293$ 387,991$ 408,223$ 416,387$ 424,715$ 433,209$ 441,874$ 450,711$ 459,725

ADDITIONAL INCOME$ 4,307$ 4,436$ 4,569$ 4,706$ 4,848$ 4,993$ 5,143$ 5,297$ 5,456$ 5,620$ 5,788

EFFECTIVE GROSS INCOME$ 1,678,138$ 1,736,912$ 1,798,040$ 1,934,870$ 2,094,642$ 2,132,162$ 2,170,617$ 2,210,034$ 2,250,441$ 2,353,297$ 2,395,767

OPERATING EXPENSES$ 425,751$ 434,266$ 442,951$ 451,810$ 460,847$ 470,064$ 479,465$ 489,054$ 498,835$ 508,812$ 518,988

NET OPERATING INCOME$ 1,252,387$ 1,302,646$ 1,355,089$ 1,483,060$ 1,633,796$ 1,662,098$ 1,691,152$ 1,720,980$ 1,751,605$ 1,844,485$ 1,876,779

DEBT SERVICE$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278$ 390,278

NET CASH FLOW$ 862,109$ 912,368$ 964,811$ 1,092,782$ 1,243,518$ 1,271,820$ 1,300,874$ 1,330,702$ 1,361,327$ 1,454,207$ 1,486,501

CAP RATE6.42%6.68%6.95%7.61%8.38%8.52%8.67%8.83%8.98%9.46%9.62%

CASH ON CASH8.33%8.82%9.32%10.56%12.01%12.29%12.57%12.86%13.15%14.05%14.36%

24 Hour Fitness was founded in 1983 and has become a global leader in fitness. With over 400 locations nationwide, as well as 15 international locations, 24 Hour Fitness employs over 20,000 people and hosts over 4 million members.

Dollar General Corporation sells various merchandise products throughout the United States. It operates over 10,500 stores and, in 2007, was acquired by a private equity company who took the company public in 2009. Dollar General remains extremely competitive with both name brand and generic merchandise.

Burger King is the second largest hamburger fast food chain in the world. It serves over 11 million customers daily. With over 13,000 locations in 89 countries, Burger King has sold fast and affordable food since 1954.

Bienvenidos is a foster care program providing community and medical services to individuals and families. It serves over 19,000 parents, children and families, through its 13 Los Angeles area locations.

Liberty Tax is the third-largest income tax preparation chain in the United States providing electronic tax preparation through more than 4,500 locations. The companys eSmart Tax product assists customers with filing taxes online. Liberty Tax also offers courses, loans, audit assistance, and other financial services.

Financial Overview Tenant Summaries

T-Shirt Warehouse is a family owned retail store with locations in Montclair and Pomona. They are also affiliated with Kings Boardshop, a similar clothing store catering to the skate and surfing lifestyle.

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Yum Yum Donuts began in 1971 and has grown to one of the largest donut chains in the nation. In 2004 it purchased Winchells Donuts, the largest donut chain in the West Coast. It continues to serve fresh and inexpensive sweets and has been selling franchises since 1982.

First Dental Group was established in 1995 by University of Southern California graduates. First Dental offers the Western San Bernardino County area a variety of services, including general, restorative and cosmetic dentistry.

MajorTenants24 Hour Fitness

Dollar General

Burger King

Yum YumDonuts

SUBJECT PROPERTY: Montclair Town Center9710-9886 Central Ave Montclair, CA 91763

Asking Price: $19,500,000

CAP: 6.42%

Price/SF: $202

Price/SF Land: $46.29

Gross Leasable Area: 96,612 SF

Occupancy: 82%

Year Built/Renovated: 1980 & 1986

MajorTenantsDollar Tree

Wells Fargo

Stater Bros

GNC

COMP 1: Walnut Hills Village20677 Amar Rd Walnut, CA 91789

Close of Escrow: June 8, 2016

Sale Price: $15,175,586

CAP: Not Available

Price/SF: $320.61



Occupancy: 100%

Year Built/Renovated: 1993

Comparable Properties Recent Sales

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MajorTenantsT-Mobile

Fantastic Sams

Wingstop

Panda Express

MajorTenantsGrocery Outlet

Dollar Tree

Papa Johns

Quiznos

COMP 2: Marshalls Plaza2317-2371 Foothill Blvd La Verne, CA 91750

Close of Escrow: July 27, 2016

Sale Price: $14,000,000

CAP: Not Available

Price/SF: $218.75



Occupancy: 100%


Comparable Properties Recent Sales

COMP 3: The Grove3103-3191 N Garey Ave Pomona, CA 91767

Close of Escrow: November 15, 2016

Sale Price: $8,190,000

CAP: 6.43%

Price/SF: $166.32



Occupancy: 87.8%


21

SUBJECT PROPERTY: Montclair Town Center9710-9886 Central Ave Montclair, CA 91763

Date Surveyed: 2017

Occupancy: 82%

Average Rent/SF: $1.53


Available SF: 17,406 SF

Lease Type: NNN

Use: Retail

COMP 1: Central Ave Shops9303-9407 Central Ave Montclair, CA 91763

Date Surveyed: 2017

Occupancy: 95.6%

Asking Rent/SF: $3.50


Available SF: 897 SF

Lease Type: NNN

Use: Retail

MajorTenants

Starbucks

AT&T

Jersey Mikes

Burgerim

Comparable Properties 1 Mile Rent Survey

22

MajorTenants24 Hour Fitness

Dollar General

Burger King

Yum YumDonnuts

COMP 3: Central Ave Retail9885 Central Ave Montclair, CA 91763

Date Surveyed: 2017

Occupancy: 71.66%



Available SF: 992 SF

Lease Type: NNN

Use: Retail

Comparable Properties 1 Mile Rent Survey

Major Tenants

Metro PCS

Dominos

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MajorTenants

CVS Pharmacy

Jack in the Box

COMP 2: Build to Suit Retail Pads4601 Holt Blvd Montclair, CA 91763

Date Surveyed: 2017

Occupancy: 0%



Available SF: 6,000 SF

Lease Type: NNN

Use: Retail

Montclair is a city in the Pomona Valley in southwestern San Bernardino County. Montclair is bordered by Pomona to the west, Claremont and Upland to the north, Ontario to the East, and Chino to the South. Montclair is part of the Inland Empire region, a metropolitan area in Southern California.

Market Overview Demographic Summary

25

Montclair Town CenterDemographic Information: 1 Mile Radius 3 Mile Radius

Population 23,823 198,133

Hispanic or Latino 71% 64%

Average Household Income $59,004 $63,650

Inland Empire

Broker: Eric TreibatchBroker Corp ID No. 01187117(818) 708-0888 [email protected]

Agent:Edward ChapmanLicense No. CA 01999563(818) 708-0888 [email protected]

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