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Corona Retail Building - 100% LEASE 1252 W 6th St 9,147 SF 100% Leased Retail Building Corona, CA 92882 $5,025,312 CAD ($549.39 CAD/SF) 3.90% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Traffic Location ±30,000 VPD
- Two Units on MTM – Owner-User or Reposition
- Walking Distance to CVS, Retail, and Dense Residential
- 100% Leased Multi-Tenant Retail
- Strong Street Visibility & Signalized Corner
- Ideal for 1031 Exchange or Value-Add Investors
EXECUTIVE SUMMARY
Prime ±9,950 SF multi-tenant retail center located at a signalized corner in central Corona. The property is 100% leased across 7 units with a mix of service, retail, and restaurant tenants. Over 1,920 SF is occupied by MTM tenants, offering flexibility for owner-user occupancy or repositioning to market rental rates.
Backed by current retail comps in the area, the pro forma NOI supports a 7.00% cap rate at market rents of $2.50/SF/month NNN. Ideal for investors seeking stable income with upside or for an owner-user looking to secure a prime location with built-in cash flow.
- 100% Leased Multi-Tenant Retail
- MTM Tenant – Owner-User or Reposition
- Pro Forma Cap Rate: 7.00%
- Strong Street Visibility & Signalized Corner
- High-Traffic Location ±30,000 VPD
- Walking Distance to National Retail Anchors
Backed by current retail comps in the area, the pro forma NOI supports a 7.00% cap rate at market rents of $2.50/SF/month NNN. Ideal for investors seeking stable income with upside or for an owner-user looking to secure a prime location with built-in cash flow.
- 100% Leased Multi-Tenant Retail
- MTM Tenant – Owner-User or Reposition
- Pro Forma Cap Rate: 7.00%
- Strong Street Visibility & Signalized Corner
- High-Traffic Location ±30,000 VPD
- Walking Distance to National Retail Anchors
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,147 SF
Building Class
C
Year Built
1989
Price
$5,025,312 CAD
Price Per SF
$549.39 CAD
Cap Rate
3.90%
NOI
$195,987 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.61 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial Retail
Parking
45 Spaces (4.92 Spaces per 1,000 SF Leased)
Frontage
246’ on W 6th St
AMENITIES
- Pylon Sign
- Restaurant
- Air Conditioning
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 110-040-032 | Improvements Assessment | $2,936,009 CAD |
| Land Assessment | $1,453,612 CAD | Total Assessment | $4,389,621 CAD |
PROPERTY TAXES
Parcel Number
110-040-032
Land Assessment
$1,453,612 CAD
Improvements Assessment
$2,936,009 CAD
Total Assessment
$4,389,621 CAD
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Corona Retail Building - 100% LEASE | 1252 W 6th St
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