490 McKinley Street · Corona, CA 92879 · Grocery / Big Box
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Net Lease with Rent Increases
Home Depot’s net lease features ±8.7 years of primary term remaining with a 8.13% rent increase in 2030. Additionally, the lease features two, 5-year renewal options with 10% increases at the onset of both options.
Part of the 489,151 SF Corona Hills Plaza
The Home Depot is a core anchor of the 489,151-square-foot Corona Hills Plaza, one of the most prominent and high-traffic shopping destinations in the Inland Empire. The center boasts a powerful lineup of national big-box retailers, including Costco, TJ Maxx, Ross Dress for Less, Five Below and Big 5 Sporting Goods, along with popular dining staples like Lazy Dog Restaurant & Bar and Texas Roadhouse. By visits, Corona Hills Plaza consistently ranks as a top-tier retail performer within the Inland Empire and the broader California market, benefiting from its strategic position along the State Route 91 (±220,000 VPD).
Excellent Access & Visibility | Regional Connectivity
Located approximately 45 miles southeast of downtown Los Angeles, the Home Depot is positioned with premier visibility and strategic access along the State Route 91 (±220,000 VPD), a vital artery connecting the Inland Empire to Orange County. Its proximity to the McKinley Street exit and the I-15 interchange provides direct regional connectivity for both residential consumers and professional contractors throughout Corona, Riverside, and the neighboring Southern California markets.
CBRE is pleased to offer for sale the 100,000-square-foot Home Depot situated on 8.82 acres in Corona, CA—a component of the broader Riverside-San Bernardino-Ontario MSA (Population: 4.7M+). Home Depot’s net lease features ±8.7 years of primary term remaining with an 8.13% rent increase in 2030. Additionally, the lease features two, 5-year renewal options with 10% increases at the onset of both options.
The Home Depot is a central anchor of the 489,151-square-foot Corona Hills Plaza, one of the premier shopping destinations in the Inland Empire. The center features a robust mix of national retailers including Costco, TJ Maxx, Ross Dress for Less, Five Below, Dollar Tree, and Big 5 Sporting Goods, as well as popular dining destinations like Lazy Dog Restaurant & Bar and Texas Roadhouse.
Located at 480 N. McKinley Street in Corona, the Home Depot is positioned with exceptional visibility and access along the State Route 91 (±220,000 VPD) and near the I-15 interchange. Its location off the McKinley Street exit provides direct regional connectivity for residential consumers and professional contractors throughout Riverside and Orange Counties.
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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.