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- LoopNet Team
522 E Vine Ave
West Covina, CA 91790
Cafe, Market & Restaurant · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Three - Units: Current tenants - George’s Cafe, Ranch Town Market and El Jireh Pupuseria Restaurant
- Located in the heart of West Covina with over 200,000 people in a 3-Mile Radius
- Jireh Restaurant has executed an early 10-year renewal at the location starting 12/1/2020
- Traffic Counts Exceeding ±32,000 Vehicles Per Day
- Median Household Income: $77,000 Per Year in a 1-Mile Raidus
PROPERTY FACTS
AMENITIES
- Pylon Sign
ABOUT 522 E VINE AVE , WEST COVINA, CA 91790
Colliers International, as an exclusive advisor to the seller, is pleased to present for sale the Three-Unit Retail Center in West Covina located at 522 E. Vine Avenue. The three-unit retail building totaling 5,806 gross leasable square feet presents an exceptional NNN investment opportunity in one of the strongest residential rental markets in Los Angeles. Current tenants at this property are George’s Cafe, Ranchtown Market and El Jireh Restaurant (formerly known as Las Champas Restaurant). El Jireh Restaurant has recently signed a new 10-year lease starting November 1st, 2020, with 3% annual increases and (1) 5-Year Option. This property has a projected Cap Rate of 6.27% effective 11/1/2020.
PROPERTY TAXES
| Parcel Number | 8488-002-001 | Improvements Assessment | $1,683,181 |
| Land Assessment | $1,623,648 | Total Assessment | $3,306,829 |
PROPERTY TAXES
