Overview
Newmark Pacific Capital Markets is pleased to offer Cardenas Marketplace, an exceptional neighborhood shopping center anchored by a renowned ethnic grocer. The center features 72,841 square feet of rentable area across 7.31 acres, with a synergistic blend of national and regional credit tenants making it a highly desirable retail destination.
The anchor tenant, Cardenas — a well-established and market-dominant Hispanic grocer in operation since 1981, draws a loyal clientele and anchors the center’s community presence. The property exhibits remarkable durability, with over 90% of the gross leasable area (GLA) having been occupied by tenants for more than 18 years, ensuring a stable and dependable cash flow for investors. Complementing the anchor tenant, other high-performing co-tenants include Starbucks (drive-thru), Chase Bank (NAP), Bank of America, WaBa Grill, Subway, AT&T, T-Mobile, and Walgreen’s (NAP). This diverse and creditworthy tenant mix drives strong daily traffic and fosters a dynamic, resilient retail environment.
Strategically positioned at the signalized intersection of Foothill Boulevard and Citrus Avenue, Fontana’s primary commercial arterials with exposure to over 46,000 vehicles per day. Cardenas Marketplace benefits from excellent visibility, accessibility, and strategic market positioning. The surrounding trade area boasts more than 358,844 residents and an impressive average household income exceeding $118,000 within a 5-mile radius, providing an affluent and densely populated customer base for retailers. This rare opportunity is further enhanced by the individual parcelization of Starbucks, offering flexibility for future value creation, strategic re-positioning, or disposition. Additionally, the asset is encumbered by a highly favorable, assumable interest-only loan of $18,500,000 at a fixed 4.04% rate, maturing in June 2029, providing new ownership with attractive in-place debt and enhanced cash flow dynamics.
Cardenas Marketplace represents a best-in-class retail investment opportunity, combining proven long-term tenant stability, premier location, outstanding demographics, and exceptional income potential in one of Southern California’s most robust and rapidly growing markets.
Investment Highlights
STRONG ANCHOR TENANT
Cardenas, a nationally recognized Hispanic grocer established in 1981, attracts significant foot traffic and loyalty from the local community.
DIVERSE, CREDIT TENANT MIX
The presence of nationally and regionally recognized co-tenants including Cardenas, Starbucks, Chase Bank, Bank of America, and Walgreen’s, creates a resilient and attractive tenant roster.
EXCEPTIONAL OCCUPANCY & STABILITY
More than 90% of the gross leasable area has been consistently leased for over 18 years, providing significant stability and minimizing investment risk. Bank of America just exercised their five year option with a 12.5% increase.
PRIME LOCATION
High-visibility corner at Foothill Blvd. and Citrus Ave. within Fontana, a rapidly growing Inland Empire submarket with robust consumer demographics.
OUTSTANDING DEMOGRAPHICS
Over 358,844 residents and $118,000+ average household incomes within a 5-mile radius support long-term tenant performance and value growth.
FLEXIBLE EXIT STRATEGY
Individually parcelized pad (Starbucks) presents future opportunities for value-add disposition or refinancing.
LIMITED MANAGEMENT
Stable, long-term tenants and NNN leases minimize management burden and expense volatility.
FAVORABLE EXISTING FINANCING
Loan is encumbered by an $18,500,000 interest only loan at 4.04% through June 2029, yielding a Year 1 COC return of 9.41%.
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For More Information
License #: CA RE Lic. #01716644
t 213-298-3597kyle.miller@nmrk.comLicense #: CA RE Lic. #01200077
t 213-298-3595bryan.norcott@nmrk.com