A 378,140-square-foot lifestyle shopping center at 13920 City Center Drive in Chino Hills has been listed for sale. The 25.69-acre property, known as The Shoppes at Chino Hills, is offered on a fee-simple basis, though no pricing guidance has been provided at this time. CBRE is managing the listing on behalf of Dunhill Partners. The 2008-built retail center is anchored by a freestanding Trader Joe’s pad alongside national, regional and local retailers, and according to marketing materials, the shopping center benefits from below-market rents that are estimated to be approximately 12 percent below current market rates, creating potential upside for new ownership.
The property features no rent bumps in its current lease structure, and with vacant space being leased up alongside rental escalations, Net Operating Income is projected to increase by more than $8.35 million over the expected hold period. This represents an 88 percent increase and produces a compound annual growth rate exceeding 6.5 percent. The listing includes assumable financing options with a current loan balance of $110 million at a 5.175 percent interest rate. The loan is currently structured as interest-only through its June 2028 maturity date, though the property is available with either existing or market-rate financing.
The Shoppes at Chino Hills operates under SP04-01 zoning, which accommodates commercial retail use and associated planning elements. Brokers underline that the Chino Hills shopping center spans virtually an entire city block with four-sided access, providing 1,400 linear feet of frontage along Grand Avenue, which sees approximately 30,500 cars per day, and 900 linear feet on Peyton Drive with roughly 23,700 cars per day. The property also features pylon signage positioned at the exit from State Route 71, enhancing visibility for the retail tenants. This retail asset sits within the broader Inland Empire retail market and features on-site parking with 1,352 stalls. According to Placer.ai data cited in the listing, the shopping center generates approximately nearly 556,000 monthly visits, indicating consistent foot traffic for tenants.
CBRE’s Shaya Northrup, James Tyrrell and Mark Damiani are handling the listing.
According to previous reporting from The Registry, the Inland Empire’s retail market experienced notable growth over the past year, supported by population in-migration and the region’s relative housing affordability. The retail vacancy rate in Q2 2025 declined by 10 basis points from the prior quarter but was still up 60 basis points year-over-year, reaching 6.3 percent. At the same time, average rents showed signs of stabilizing, rising 1.1 percent quarter-over-quarter. Population in-migration continues to fuel retail demand, particularly as residents move from neighboring counties seeking more affordable housing. According to the California Department of Finance, the fastest-growing cities include Chino (+1.7 percent) and Adelanto (+1.4 percent) in San Bernardino County.
