Colton, CA - Colton Hub City Centre

Description:

• 100% occupied multi-tenant strip center with internet resistant tenant mix of food and medical users
• Black Bear Diner (10-yrs remaining) – operates +170 locations across 14 states
• Einstein Bros Bagels (New 10-yr Lease) – operates +700 locations across 45 states
• Pizza with a Twist (New 10-yr Lease) – operates +81 locations across 10 states with +35 in California
• Apple Urgent Care (5.5-yrs remaining with 3% annual increases)
• Amani Dental (5-years remaining with ~2.5% annual increases)
• Bwell Pharmacy (3-years remaining with 3% annual increases)
• 8.3-year weighted average lease term (WALT), provides long term security
• Strong NOI growth with scheduled increases for all tenants
• 2.50% 10-Year CAGR (Compound Annual Growth Rate)
• 28% NOI growth over 10-Years
• NNN Leases; reducing the risk of expense leakage for a future investor

• Colton City Hub Centre also features a Two-Tenant NNN Drive-Thru Equipped Restaurant pad that is leased to Waba Grill & The Buffalo Spot – Also Available For Sale. Contact Agent For Details
• Adjacent to Arco AMPM Gas Station and Convenience Store that shares parking lot
• 100 room hotel development underway within the same center, creating additional customer base for the center
• Strong real estate fundamentals – multiple points of ingress/egress, ample parking, excellent tenant signage visibility from the street
• Adjacent to Arrowhead Regional Medical Center, a 456-bed hospital that is also connected to California University of Science and Medicine (550 full-time students) – major employment hub for the Inland Empire
• Two new hotel developments are located directly behind the subject property, including the Holiday Inn Express Colton (100 rooms), and a proposed Home2 Suites by Hilton (102 rooms)
• Nearby national/credit tenants such as Walmart Supercenter, Sprouts, Stater Bros, El Super, Ross, Burlington, Five Below, and more
• Strong tenant synergy increases consumer draw to the subject trade area

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Listing ID: a28TP000002QgorYAC