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11070-11090 Foothill Blvd 61,204 SF 100% Leased Retail Building Rancho Cucamonga, CA 91730 $19,528,342 CAD ($319.07 CAD/SF) 6.52% Cap Rate
Investment Highlights
- 100% leased with lease extensions in place
- Assumable financing
Executive Summary
Town Center Square offers investors a rare opportunity to acquire a 100% leased, fee-simple community retail property located in Rancho Cucamonga, California. Situated along Foothill Boulevard in the Inland Empire, the asset includes 61,029 square feet on 5.17 acres and has been consistently fully leased since its development in 1996. The property features a strong tenant lineup, including Aldi, Office Depot, and Barnes & Noble, each of which has extended its lease, affirming long-term commitment. The average in place rent is +/- 20% below market. Currently delivering a 6.52% cap rate and a weighted average lease term (WALT) of 5.25 years, this property ensures predictable income stability. The offering includes assumable non-recourse financing with favorable terms. This center sits within a larger 25-acre retail hub anchored by nationally recognized brands such as PetSmart, Ross, Seafood City, and Harbor Freight, creating enduring customer traffic.
Its premier Inland Empire location benefits from proximity to I-10 and I-15 freeways, Ontario International Airport (7-minute drive), and regional landmarks such as Victoria Gardens and Ontario Mills. With surrounding affluent residential communities and a dense retail trade area, this asset combines strong fundamentals with enduring market demand for daily needs, service-oriented retail.
OFFICE DEPOT RECENTLY TAKEN PRIVATE BY ATLAS HOLDINGS, A MUCH BIGGER COMPANY THAT OWNS 29 COMPANIES, EMPLOYS 60,000 PEOPLE AND GENERATES $20 BILLION IN ANNUAL REVENUE. ITS BUSINESSES INCLUDE AUTO SUPPLY, BUILDING MATERIALS, CONSTRUCTION, ETC. DESPITE FALLING SALES IN 2024, OFFICE DEPOT GENERATED A PROFIT OF $3.35 PER SHARE. $6.8 MILLION NON-RECOURSE, ASSUMABLE FINANCING AT 4.79% THROUGH 2031.
Property Facts
Amenities
- Dedicated Turn Lane
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Aldi is a privately held discount supermarket group operating worldwide under two entities: Aldi Nord and Aldi Süd. Founded by Karl and Theo Albrecht, the company pioneered a no-frills retail model that emphasizes efficiency, low prices, and high-quality private-label products. Aldi’s streamlined approach minimizes overhead costs, enabling customers to enjoy significant savings without compromising quality. The brand is recognized for its sustainability initiatives, including reducing packaging waste and promoting recyclable materials. Today, Aldi continues to expand globally, maintaining its core values of simplicity, responsibility, and consistency while delivering a convenient shopping experience.
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Barnes & Noble, Inc. is the largest retail bookseller in the United States. The Company has hundreds of bookstores across the United States, as well as its online bookstore at BN.com, the NOOK® Digital business which offers both eBooks and an audio book subscriptions service, the SparkNotes educational service, stationery and gift retailer Paper Source, and the publisher Union Square & Co. Barnes & Noble is owned by Elliott Advisors (UK) Limited and run by CEO and bookseller James Daunt, who is also Managing Director of Waterstones bookstores in the U.K. and founder and owner of Daunt Books. Barnes & Noble was founded in 1971 by bookseller Leonard Riggio when he acquired the Barnes & Noble trade name and bookstore in New York City.
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Office Depot is a U.S.-based office supply retailer headquartered in Boca Raton, Florida. Founded in 1986, the company was established by F. Patrick Sher, Stephen Dougherty, and Jack Kopkin, who opened the first store in Lauderdale Lakes, Florida. The business expanded through mergers, most notably its 2013 combination with OfficeMax, and further developed contract, retail, and e-commerce operations. The company provides office products, technology solutions, furniture, janitorial supplies, and print services to consumers and businesses. Office Depot operates under The ODP Corporation and maintains a multichannel distribution framework encompassing retail stores, online platforms, and business-to-business operations.
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Nearby Major Retailers
Property Taxes
| Parcel Number | 1077-422-72 | Improvements Assessment | $8,906,149 CAD |
| Land Assessment | $8,988,741 CAD | Total Assessment | $17,894,891 CAD |
Property Taxes
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11070-11090 Foothill Blvd
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