This property is Off-Market

2370 S Azusa
West Covina, CA 91792 ·

10,900 SF · Retail For Sale

N/A

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Food Court Building at the Heights At West Covina

Price N/A Cap Rate 7.25%
Gross Leasable Area 10,900 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 2008
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.53 AC
Listing ID: 16030655 Date Created: 12/17/2008 Last Updated: 08/13/2009

Description

- Located in a Target / Home Depot anchored center
- Strong tenant mix: Panda Express, Round Table Pizza, Jamba Juice, Verizon Wireless, Quiznos and Chronic Tacos
- High tenant demand as demonstrated by the Property's synergistic mix of local, regional and national tenants as well as 100% occupancy
- Extremely secure income stream
- Average household income exceeds $78,600 with over 469,000 residents within a five mile radius
- Expanded trade area draw created with Target and Home Depot anchors
Strategically located off of Azusa Avenue (38,250 cars per day) in the center of West Covina
- Extremely supply constrained submarket with limited competition and virtually no available land for future shopping center development
- Brand new construction (2008)
- No deferred maintenance or near-term capital

Stretching along Interstate 10 for six miles, West Covina is easily accessible from the 60, 210, 605 and 57 freeways; it is 20 minutes from Ontario International Airport and within 40 minutes of Los Angeles International Airport. This heart of the San Gabriel Valley location has made West Covina a
natural headquarters site for both government and business, attracted many large companies such as Mercedes-Benz, Regal Entertainment.

Highlights

  • Target and Home Depot create a regional draw to the shopping center, increasing cross shopping
  • Strong tenant mix consisting of national and regional credit tenants
  • High tenant demand as demonstrated by the Property's synergistic mix of local, regional and national
  • Brand new construction - no deferred maintenance
  • Download marketing package - follow attachments

Research

2370 S Azusa, West Covina, CA 91792 (Los Angeles County)

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