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141 W Foothill Blvd 12,040 SF 100% Leased Retail Building Pomona, CA 91767 $4,298,000 ($356.98/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Quality Auto Service Property – 100% leased to four tenants on NNN leases
- High Identity, High Traffic Location – Ideal Pomona location offering excellent frontage along iconic Foothill Blvd (±23,479 CPD)
- NNN Leases – All tenants operate under NNN leases, with American Tire Depot on a 15-year NNN lease (expiring November 2036)
- Stable Tenancy – The property boasts stable tenancy with 4.87 years of weighted-average lease term remaining (WALT)
- American Tire Depot is wholly owned by Big Brand Tire & Service, which operates 229 auto service locations across multiple states
- Low Rents – Property-wide, rent’s average just $1.69 PSF/month
EXECUTIVE SUMMARY
* High-Quality Auto Service Property – 100% leased to four tenants on NNN leases
* American Tire Depot is wholly owned by Big Brand Tire & Service, which operates 229 auto service locations across multiple states. Big Brand Tire & Service operates under the powerful backing of its parent company Percheron Capital—an equity firm managing over $850 million of committed capital. American Tire Depot is an exceptional long-term tenant—stable, proven and backed by an extremely strong and solid corporate guarantee on all leases. (Financials available with a signed NDA)
* NNN Leases – All tenants operate under NNN leases, with American Tire Depot on a 15-year NNN lease (expiring November 2036), providing an excellent low management, low hassle opportunity for passive investors
*Stable Tenancy – The property boasts stable tenancy with 4.87 years of weighted-average lease term remaining (WALT)
* High Identity, High Traffic Location – Ideal Pomona location offering excellent frontage along iconic Foothill Blvd (±23,479 CPD), the highest traffic east-west arterial in the area, and just one mile from the I-210 Freeway (±185,953 CPD)
* Low Rents – Property-wide, rent’s average just $1.69 PSF/month, increasing renewal probability and enhancing the property’s long-term embedded value
* Irreplaceable Real Estate – With its automotive uses and below replacement cost pricing, this property would be extremely difficult to develop with economics that make sense
* American Tire Depot is wholly owned by Big Brand Tire & Service, which operates 229 auto service locations across multiple states. Big Brand Tire & Service operates under the powerful backing of its parent company Percheron Capital—an equity firm managing over $850 million of committed capital. American Tire Depot is an exceptional long-term tenant—stable, proven and backed by an extremely strong and solid corporate guarantee on all leases. (Financials available with a signed NDA)
* NNN Leases – All tenants operate under NNN leases, with American Tire Depot on a 15-year NNN lease (expiring November 2036), providing an excellent low management, low hassle opportunity for passive investors
*Stable Tenancy – The property boasts stable tenancy with 4.87 years of weighted-average lease term remaining (WALT)
* High Identity, High Traffic Location – Ideal Pomona location offering excellent frontage along iconic Foothill Blvd (±23,479 CPD), the highest traffic east-west arterial in the area, and just one mile from the I-210 Freeway (±185,953 CPD)
* Low Rents – Property-wide, rent’s average just $1.69 PSF/month, increasing renewal probability and enhancing the property’s long-term embedded value
* Irreplaceable Real Estate – With its automotive uses and below replacement cost pricing, this property would be extremely difficult to develop with economics that make sense
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,040 SF
Building Class
C
Year Built
1986
Price
$4,298,000
Price Per SF
$356.98
Cap Rate
5.75%
NOI
$247,156
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.79 AC
Zoning
POC4 - Commercial C2 Uses with Limitation, R4 Uses
Parking
37 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- M&A Auto Care
- -
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| M&A Auto Care | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8302-023-030 | Improvements Assessment | $1,137,827 |
| Land Assessment | $1,706,742 | Total Assessment | $2,844,569 |
PROPERTY TAXES
Parcel Number
8302-023-030
Land Assessment
$1,706,742
Improvements Assessment
$1,137,827
Total Assessment
$2,844,569
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141 W Foothill Blvd
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