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United Pacific: Monrovia, CA 902 W Foothill Blvd 775 SF Retail Building Monrovia, CA 91016 $3,130,435 ($4,039.27/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- The site is subject to a ±8.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
- Operating history of 65+ years.
- Irreplaceable location with high barriers to entry for new gas competitors.
- Infill location with strong underlying intrinsic value.
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 775 SF United Pacific fuel and convenience store located on 0.41 acres in Monrovia, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±8.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
BUSINESS IS NOT FOR SALE
BUSINESS IS NOT FOR SALE
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
775 SF
Building Class
C
Year Built
1960
Price
$3,130,435
Price Per SF
$4,039.27
Cap Rate
5.75%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.41 AC
Zoning
MOCG*
Parking
2 Spaces (2.58 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Air Conditioning
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8505-028-028 | Improvements Assessment | $257,004 |
| Land Assessment | $1,268,628 | Total Assessment | $1,525,632 |
PROPERTY TAXES
Parcel Number
8505-028-028
Land Assessment
$1,268,628
Improvements Assessment
$257,004
Total Assessment
$1,525,632
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Ty Grenier -
Christopher Bosworth -
Leah Lindell -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
Kaitlyn Wolf -
CBRE
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United Pacific: Monrovia, CA | 902 W Foothill Blvd
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