123 North Grand Avenue, West Covina, CA 91791

Offering Overview

Price: $2,975,000
Cap Rate: 5.01%
NOI: $144,644
Bldg Size: +/-1,596 SF
Lot Area: +/-0.698 Acres
Occupancy: 100%
Status: Available

Listed by

Matthew Dobson

Managing Director

Broker Officer

mdobson@arcainc.us

323.515.8302

License No. 01768556

INVESTMENT HIGHLIGHTS

  • Environmental Indemnity provided by Tenant
  • 16 years remaining on NNN lease
  • Absolute net lease, no landlord responsibilities
  • Corporate lease with a 481-unit operator
  • 1.50% annual rent increases through 2019
  • 7.50% rent increases every 5 years thereafter
  • Adjacent to Interstate 10 on/off ramps
  • Property sits at signalized intersection
  • Infill location