Overview
- Single Tenant NNN lease with private corporate entity (503 locations).
- Current: 4.7% CAP; 5.0% CAP (July 2024).
- Tenant is fully responsible for all expenses including roof and structure.
- Eleven (11) years remaining on the initial term w/ Three (3) – Five Year Options (7.5% increases), to extend.
- Located adjacent to the entrance of the (10) Freeway from Grand Avenue.
- Adjacent to numerous hospitality (Hilton, Marriott, Holiday Inn and Best Western), retail and big box Tenants (Ikea).
- +141,385 residents within a three (3) mile radius.
- $110,224 average Household Income.
Property Summary
123 N Grand Ave
West Covina, CA 91791
ZONING: C2, West Covina
APN: 8451-051-054
BUILT: 1969
OFFERING PRICE: $3,200,000
CAP RATE: Current: 4.7% CAP
5.0% (As of July 2024)
LAND PRICE PER SF: $7.86 per Sq. Ft.
BUILDING SIZE: +1,596 Sq. Ft.
LAND SIZE: +28,570 Sq. Ft. (0.66 Acre)
Gallery
- 123 N Grand Ave
Location
Address
123 N Grand Ave, West Covina, CA 91791
