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Corona Cerrito Plaza 5 Retail Properties Offered at $22,434,614 CAD in Corona, CA
Investment Highlights
- Freeway-Direct Visibility and Pylon Sign Positioning
- Value-Add Upside Through Lease-Up and Mark-to-Market
- Portfolio or Individual Flexibility Across Four Components
Executive Summary
CBRE is pleased to exclusively present Corona Cerrito Plaza, a ±42,532 SF neighborhood retail center located at the signalized intersection of E. Ontario Avenue and the I-15 on/off ramps in Corona, California.
Built in 2006, the center spans seven parcels totaling ±255,697 SF (±5.87 acres) and is anchored by a long-term Starbucks NNN lease running through April 2047, with a tenant mix of food, personal services, medical, and daily-needs retail serving one of the Inland Empire's most active freeway-adjacent retail corridors.
The offering is structured to accommodate four distinct acquisition profiles: Building D (±19,033 SF multi-tenant strip), Buildings F+G combined (±16,349 SF multi-tenant), the Starbucks pad (±1,700 SF, NNN through April 2047), and the J4K Preschool pad (±5,450 SF). Each component may be acquired individually or as a portfolio, providing exceptional flexibility for investors of varying scale and strategy.
The center benefits from direct freeway visibility and pylon sign positioning along I-15 at ±166,500 CPD and frontage on E. Ontario Avenue at ±44,800 CPD, the primary east-west commuter arterial for central and south-central Corona. The property is surrounded by a dense concentration of national and regional retailers driving consistent daily traffic, while the on-site Starbucks, one of the highest-volume drive-thru locations in the corridor, anchors the center as a daily destination and reinforces its position as one of the most trafficked retail sites in the market.
Built in 2006, the center spans seven parcels totaling ±255,697 SF (±5.87 acres) and is anchored by a long-term Starbucks NNN lease running through April 2047, with a tenant mix of food, personal services, medical, and daily-needs retail serving one of the Inland Empire's most active freeway-adjacent retail corridors.
The offering is structured to accommodate four distinct acquisition profiles: Building D (±19,033 SF multi-tenant strip), Buildings F+G combined (±16,349 SF multi-tenant), the Starbucks pad (±1,700 SF, NNN through April 2047), and the J4K Preschool pad (±5,450 SF). Each component may be acquired individually or as a portfolio, providing exceptional flexibility for investors of varying scale and strategy.
The center benefits from direct freeway visibility and pylon sign positioning along I-15 at ±166,500 CPD and frontage on E. Ontario Avenue at ±44,800 CPD, the primary east-west commuter arterial for central and south-central Corona. The property is surrounded by a dense concentration of national and regional retailers driving consistent daily traffic, while the on-site Starbucks, one of the highest-volume drive-thru locations in the corridor, anchors the center as a daily destination and reinforces its position as one of the most trafficked retail sites in the market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $22,434,614 CAD | Number of Properties | 5 |
| Price / SF | $791.85 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.31% | Total Building Size | 28,332 SF |
| Sale Type | Investment | Total Land Area | 5.27 AC |
| Status | Active |
| Price | $22,434,614 CAD |
| Price / SF | $791.85 CAD / SF |
| Cap Rate | 5.31% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 28,332 SF |
| Total Land Area | 5.27 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg F
1551 E Ontario Ave, Corona, CA 92881 |
Retail | 9,169 SF | 2007 | - |
|
Bldg G
1561 E Ontario Ave, Corona, CA 92881 |
Retail | 8,060 SF | 2005 | - |
|
Bldg A
1585 E Ontario Ave, Corona, CA 92881 |
Retail | 5,450 SF | 2007 | - |
|
Bldg F
1575 E Ontario Ave, Corona, CA 92881 |
Retail | 4,649 SF | 2005 | - |
|
Bldg D
1525 E Ontario Ave, Corona, CA 92881 |
Retail | 1,004 SF | 2007 | - |
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Corona Cerrito Plaza
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