Chino Promenade III

5536-5546 Philadelphia St. Chino, CA 91710

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FOR SALE Incentives
Property Type:
Community Center
Amount:
$8,500,000
Last Verified:
Jul 31, 2017

Highlights

  • NOI: $505,000
  • CAP Rate: 6%
  • Price Per Square Foot: $205
  • Vacancy: +/-5,060 SF
  • Total Investment Size: +/-41,431 SF
  • Year Built: 1991

Description

NAI Capital, Inc. is exclusively offering a 88% leased 41,431 SF shopping center, anchored by Cinemark Theaters and Shakey's Pizza Parlor in Chino, California. A true value add investment opportunity.

+/-5,060 SF

Chino Promenade III is located in the heart of Chino's retail corridor and neighbors the 60 Freeway. The investment opportunity is directly East of the intersection of Central and Philadelphia, with a traffic count of 48,000 cars per day. Located in a prominent retail corridor, the center has a population of 185,000 people in a 3 mile radius and an average household income of $71,066.

Chino Promenade III is ideally located across from Target, Burlington, Ross, CVS/Pharmacy, Dollar Tree, PetSmart, Crunch Fitness, and adjacent to the proposed housing development by D.R. Horton.

Building Size: 41431.0sq ft
Lot Size: 3.41 acres

Map of 5536-5546 Philadelphia St., Chino, CA, 91710

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.