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808-816 E Main St 18,000 SF 94% Leased Retail Building Alhambra, CA 91801 $7,990,000 ($443.89/SF) 6.57% Cap Rate
Investment Highlights
- Currently occupied by CVS and American Continental Bank
- Over 300 linear feet of frontage along Main Street
- 28,000+ Cars Per Day along Main Street
- The City of Alhambra is a suburb of Los Angeles County with a population of 82,295
- The subject property spans 1.81 Net Acres with a combined 18,000 square feet of improvements
- 49-unit residential complex under development across the street at 801 E. Main Street
Executive Summary
The property consists of two (2) free standing retail buildings (12,000 S.F. and 6,000 S.F.) with 1,000 square feet of vacant space in the 6,000 square foot building. The subject property benefits from over 300 linear feet of frontage along Main Street with 28,000+ Cars Per Day along Main Street.
The ownership type is structured as a Ground Lease of the 12,000 square foot structure currently occupied with a CVS Corporation Guaranty and a Fee Simple of the 6,000 square foot structure with 5,000 square feet occupied by American Continental Bank.
Property Facts
Amenities
- Banking
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- American Continental Bank
- Retailer
- 5,000 SF
- -
- Sep 2027
-
- Retailer
- 12,000 SF
- -
- -
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| American Continental Bank | Retailer | 5,000 SF | - | Sep 2027 | ||
|
|
Retailer | 12,000 SF | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $970,705 | |
| Land Assessment | $4,201,074 | Total Assessment | $5,171,779 |
Property Taxes
Contact
-
Kenny Woods - Kenny Woods
Presented by
Kenny Woods
808-816 E Main St
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