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611 E Holt Avenue, Pomona, CA

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611 E Holt Avenue

Pomona, CA 91767-5625 - Eastern SGV Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:1998
Building Size:16,708 SF Land Area:1 AC (43,560 SF)
For Sale Price:$4,900,000 Price/SF:$293.27
Cap Rate:5.80 %
Parking:Free Surface spaces are available; Ratio of 4.19/1,000 SF
Features:Bus Line, Pylon Sign, Signage, Signalized Intersection

Sale Notes:
Rite Aid Drug Store. Strong National / Credit Tenant with Corporate Guaranty on the lease. Public Co. (NYSE:RAD, $26 Billion 2015 revenue, 4500 store locations, S&P Credit Rating "B". 32 years of term remain including the option periods. 18 years of historical occupancy at this location. Strong Sales / High Profit location - Over $6.1 Million (2014). New Roof installment & building renovation in 2015. New 15 year roof warranty for the new buyer. NNN Lease.
Signalized hard corner location. 2 monument street signs. 41,000 CPD drive-by. High density / LA County urban infill location / over 198,000 people within 3 miles. Over 62,000 daytime employees, $64,000 AHHI. Located across the street from Cardenas Hispanic Supermarket.

Faris Lee Investments
Jeff Conover
(949) 221-1810

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