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Metro at Main (Retail North) 422 N Main St 7,833 SF 100% Leased Retail Building Corona, CA 92878 $5,934,056 CAD ($757.57 CAD/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- Strong Tenant Lineup | 100% Occupied | Metro at Main | Newly-Constructed Mixed- Use Development | Luxury Apartments
- Along Arterial Thoroughfare | North Main Metrolink Station |Interstate 15 (187,000 VPD) | State Highway 91 (263,500 VPD)
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes |Multiple Nearby Luxury Apartments
- Strong National Tenants | Dense Retail Corridor
- Southern California Retail Opportunity | Premier Location Within High Barriers to Entry Market
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the Metro at Main North Retail, a 100% occupied building located within the mixed-use project, Metro at Main. Metro at Main is a unique mixed-use project with more than 60,000 square feet of ground-floor retail accompanied by nearly 300 luxury apartments. The 5-story apartment community was constructed in 2017 with rental rates ranging from $2,300 - $3,500 and an occupancy rate of nearly 97%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,833 SF
Year Built
2017
Price
$5,934,056 CAD
Price Per SF
$757.57 CAD
Cap Rate
6%
NOI
$356,006 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
6.71 AC
Zoning
C - Commercial
AMENITIES
- Signage
- Signalized Intersection
- Monument Signage
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
1 of 13
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Metro at Main (Retail North) | 422 N Main St
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