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9/23/15
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Discount retail chain Dollar Tree recently inked leases for two new Inland Empire stores, at Vineyards Marketplace in Rancho Cucamonga and Peppertree Square in Claremont. Janine Peltier of Progressive Real Estate Partners represented the landlord in both deals.
In one of the deals, Dollar Tree will join Albertsons and CVS in early 2016 at the freeway-adjacent Vineyards Marketplace, located at 11398 Kenyon Way, Rancho Cucamonga. The popular neighborhood center is also home to over 20 other shops, restaurants and services including Taco Bell, Subway, State Farm and a Mobil gas station.
The signing of Dollar Tree to an 8.7k sf space brings the property to 97% leased. Several contiguous shop spaces between Albertsons and CVS are being combined to accommodate Dollar Tree. The center enjoys strong demographics with over 120,000 people residing in a 3-mile radius with an average household income in excess of $88,000. Vineyards Marketplace also has excellent freeway visibility on the heavily-traveled I-210 Fwy with an average daily traffic count of 160,000 cars.
In the other transaction, Dollar Tree took a 9k sf space at Peppertree Square, located at 342 South Indian Hill Blvd in Claremont. Dollar Tree plans to open later this year at the center, which boasts excellent visibility at a busy major signalized intersection and is well-located within a densely populated residential area.
There are over 87,000 people with an average household income of more than $70,000 in a two-mile radius of the center. The location is further enhanced by its close proximity to the prestigious Claremont Colleges with 6,900 students and 3,600 faculty and staff.
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