141 W Foothill Blvd - Auto Repair FOR SALE


Pomona, CA 91767
$4,298,000 USD
949-725-8606
141 W Foothill Blvd, Pomona, CA for Sale
$4,298,000 USD
Auto Repair - FOR SALE
1/5
null | 5.75% Cap Rate

141 W Foothill Blvd
Pomona, CA 91767


HIGHLIGHTS

  • High-Quality Auto Service Property – 100% leased to four tenants on NNN leases
  • 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)

OVERVIEW

* 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

FOR SALE DETAILS

PRICE

$4,298,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

POC4

APN/PARCEL ID

8302-023-030

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.