Faris Lee Investments is bringing to the market Rancho Cucamonga Village, a shopping center located at 9950 Foothill Blvd., Rancho Cucamonga, CA. With a sale price of $12,310,000 ($285 per square foot), this retail property offers investors a unique opportunity to acquire the fee simple interest and tap into the retail market in this affluent Southern California city.
Built in 1988, Rancho Cucamonga Village spans 43,177 square feet. According to the property’s marketing flyer, the shopping center is anchored by a Farmers Market, drawing a steady flow of customers and contributing to the property’s strong income stream. Its strategic location along the dominant Foothill Blvd. retail corridor ensures exposure to more than 30,000 vehicles daily, further enhancing the center’s appeal to potential tenants and shoppers alike.
Rancho Cucamonga Village presents a value-add opportunity for investors with below-market rents and scheduled rent increases. With the potential to achieve market rents, an investor could unlock an estimated 56 percent income growth, translating to an additional annual income of $418,000.
The property features a rapidly growing income stream, with 95 percent of the occupied square footage eligible for annual rent increases. This stability and predictability in revenue generation make Rancho Cucamonga an attractive investment option for potential investors.
The shopping center comprises small, leasable units, providing ease of management and a range of options for tenants. The property also offers a parking ratio of 5.1:1,000 square feet and ensures ample parking spaces, contributing to a convenient and customer-friendly shopping experience.
Located in Rancho Cucamonga, an affluent city in San Bernardino County, the shopping center benefits from the area’s strong demographics. With an average household income of $93,562 within a one-mile radius, Rancho Cucamonga Village provides a solid customer base for a neighborhood center such as this one.
Leading the marketing efforts for Rancho Cucamonga Village are industry experts Nick Miller, director, and Shaun Riley, managing principal, at Faris Lee Investments.
