Single-Tenant Cardenas

720 East Holt Boulevard, Ontario, CA

$3,585,000

Price

6%

Cap Rate

$215,092

NOI

Overview
Cap Rate
6%
NOI
$215,092
Building Size
28,060 sqft
Lot Area
2.18 acres
Occupancy
100%
Year Built
1951
Description

Single-Tenant Cardenas Market:
- Corporate guaranteed absolute NNN lease; zero landlord responsibilities

- Cardenas Markets LLC is the leading Hispanic supermarket chain in the country, with 55 locations across California, Arizona, and Nevada

- In 2016, Cardenas Markets was sold to KKR (NYSE: KKR; S&P: A), a New York City-based global investment firm

- In 2017, Cardenas Markets acquired Mi Pueblo and Los Altos Markets, forming one of the largest Hispanic supermarket chains in the country





Long Term Historical Occupancy: The tenant has been operating at this location since 1996 (23 years); recently executed 5-year lease extension





Strong Commitment to the Trade Area: Cardenas Markets headquarters is located 2.5 miles east of the subject property





Hard Corner, Signalized Intersection Location: Situated at the intersection of Holt Boulevard (main east/west retail corridor in Ontario) and Campus Avenue (25,000 CPD)





Close Freeway Proximity: Ease of access to Interstate 10 (235,000 cars per day) and the US 60 Freeway (222,000 cars per day)







Excellent Demographics for a Hispanic Grocer: 85% Hispanic population within a 1-mile radius of the subject property





Dense, Infill Location: Nearly 420,000 residents within 5 miles of the subject property

Documents
Title
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Location
Gallery