Located in the heart of La Cañada Flintridge’s bustling retail corridor, 1540 Foothill Blvd presents a rare opportunity to acquire a freestanding, single-tenant ground-leased investment. This long-standing gas station, currently ground leased to a 76 franchisee, has operated continuously for over 75 years, underscoring its enduring viability and community integration. The property benefits from dual ingress/egress on Foothill Blvd and Alta Canyada Rd, and is less than one mile from both the I-210 and CA-2 freeways, ensuring strong vehicular access and visibility.
Surrounded by national retailers including 7-Eleven, El Pollo Loco, and Panera Bread, the site sits within a dense commercial zone with daily traffic counts nearing 16,900 vehicles. The local demographic profile is equally compelling, with over 247,000 residents within a five-mile radius and average household incomes exceeding $155,000 within two miles. The current ground lease is significantly below market, offering substantial upside potential upon expiration or repositioning for owner-user occupancy. With one (1), five year renewal option.
This asset is ideally suited for investors seeking stable income with future growth potential in a high-barrier-to-entry market known for its affluence, strong schools, and proximity to major employment centers including NASA’s Jet Propulsion Laboratory.