A rare, stabilized position
on Mt. Vernon Avenue.
Built in 1992 and anchored by three of the most active off-price retailers in the country, Centrepointe Plaza offers a durable income stream backed by investment-grade credit and a location that off-price and value retailers are actively fighting for.
Dominant Regional Draw
- Anchored by best-in-class national off-price retailers Ross Dress for Less, Burlington and Five Below — shadow-anchored by a Walmart Supercenter
- Just 6% effective vacancy, with 76% of occupied square footage leased to regional and national tenants
Favorable Lease Term
- Stable occupancy with 6.67 years of weighted average lease term remaining
- Ross, Burlington and Five Below collectively occupy 59% of leasable area, with expirations staggered from 2032 to 2037
Strong Leasing Momentum
- Brand-new 10+ year leases recently executed by Burlington and Five Below, plus a fresh 5-year extension from Ross
- 93% of current tenants have signed new leases or extended within the last three years; 55% of tenancy has been in place since 2017
Ease of Access
- Adjacent to Interstate 215 — 180,000 vehicles per day — with 7 points of ingress and egress
- Co-tenants surrounding the center include Walmart Supercenter, Chevron, Circle K, Carl’s Jr., Denny’s, El Pollo Loco and Wendy’s
“Seven points of ingress and egress along one of the Inland Empire’s highest-volume retail corridors.”
Investment-grade credit,
actively expanding.
All three anchors are publicly traded, growing their footprints nationally, and have each renewed or newly executed leases at the property within the last two years.
Ross Dress for Less
The largest off-price retailer in the U.S., offering brand-name merchandise at 20–60% below traditional retail. Recently signed a 5-year renewal, with two additional 5-year options.
Burlington
A Fortune 500 off-price retailer that just signed a brand-new 10+ year lease at Centrepointe, with four 5-year options at 10% increases — a strong long-term commitment.
Five Below
A high-growth value retailer targeting 3,500+ locations by 2030. Delivered three consecutive quarters of accelerating comp sales growth and just signed a new long-term lease.
Three parcels, one
irreplaceable corner.
Site Summary
APN 0276-144-06-0000
APN 0276-144-37-0000
A diversified, needs-based
merchandising mix.
Anchors
- Ross Dress for Less
- Burlington
- Five Below
Dining
- Sayaka Japanese Restaurant
- WaBa Grill
- La Michoacana
- Los Cunados
- Juice It Up!
Health & Wellness
- Western Dental & Orthodontics
- Rainbow Dental Office
- Brotherhood Pharmacy
- America’s Best
Financial & Services
- Bank of Hope
- The UPS Store
- Sally Beauty
- Sita Threading
Shadow anchors and adjacent co-tenants visible from the center include Walmart Supercenter, Circle K, Chevron, Carl’s Jr., Denny’s, El Pollo Loco and Wendy’s. Full suite-level rent roll, lease abstracts and financials are available in the complete Offering Memorandum upon request.
Colton — the crossroads
of the Inland Empire.
Positioned at the junction of Interstates 10 and 215, Colton offers a dense, value-oriented consumer base at a cost basis well below coastal Southern California markets. The city’s population skews young, with a median age of 33.9 and over 30% of residents under 18 — a growing consumer pipeline for years to come.
Anchored by institutional employers like the 456-bed Arrowhead Regional Medical Center, and with Inland Empire retail rents running more than 20% above pre-pandemic levels, Colton continues to attract national retail investment — Vallarta Supermarkets recently opened its 60th location here.
- 2.1 million+ people and a labor force exceeding 1 million within a 25-mile radius
- Inland Empire is the 12th-largest MSA in the U.S., growing faster than California overall
- Roughly 380,000 SF of new Inland Empire shopping space delivered in H1 2024 alone
| Radius | Population | Avg. HH Income |
|---|---|---|
| 1 Mile | 13,548 | $77,851 |
| 3 Mile | 80,465 | $93,103 |
| 5 Mile | 240,258 | $90,754 |
| Growth | 2020–25 | 2025–30 Proj. |
|---|---|---|
| 1 Mile | 7.08% | 2.31% |
| 3 Mile | 2.58% | 1.49% |
| 5 Mile | 2.27% | 1.50% |
Request the Offering
Memorandum.
This opportunity is being marketed off-market on a confidential basis. Serious, qualified buyers may request the full Offering Memorandum — including the complete rent roll, lease abstracts and underwriting — directly from ownership below.