4651 E Holt Blvd - Freestanding FOR SALE


Montclair, CA 91763
$4,934,509 USD
909-606-1505
4651 E Holt Blvd, Montclair, CA for Sale
$4,934,509 USD
Freestanding - FOR SALE
1/34
null | 5.5% Cap Rate

4651 E Holt Blvd
Montclair, CA 91763


HIGHLIGHTS

  • Stabilized, fully leased medical / retail center with long term Tenants in place
  • NNN LEASES: Tenants reimburse 100% of CAM, Real Estate Taxes, and Insurance,
  • 100% Occupied - majority medical tenants - including FQHC-approved medical provider with 7 locations
  • Strong Leases - 3% -4% annual Base Rent increases in place.
  • Recession & E-commerce Resistant Tenant Mix
  • SECURE INCOME STREAM – LONG-TERM LEASES WITH RENTAL RATE INCREASE

OVERVIEW

INCOME GENERATING INVESTMENT RETAIL CENTER WITH MINIMAL LANDLORD RESPONSIBILITY - NNN LEASES - MEDICAL USE TENANTS, a RETAIL property conveniently located in Montclair, CA. Acreage Real Estate is pleased to offer for sale the fully leased Holt Medical Plaza. The center is currently 100% occupied with long-term leases to Tenants such as Health Service Alliance, a federally qualified health center (FQHC). Offering a compelling combination of strong in-place cash flow, clear upside through continued rent growth with an average of 3-4% annual base rent increases, and strong triple-net (NNN) leases that insure expense pass-throughs, this is the ideal investment for a prudent investor seeking strong ROI. The Holt Medical Plaza sits on a vast 1.26-acre lot providing ample parking with 78 total parking spaces. Holt Medical Plaza  is located in a high-traffic area (23,990 Average Daily Traffic Count), surrounded by many national retail brands including a CVS, Dollar Tree, and many others. Contact Agent for a tour. Stabilized, fully leased medical/retail center with long-term tenants in place 100% occupied with primarily medical tenants. NNN LEASES: Tenants reimburse 100% of CAM, Real Estate Taxes, and Insurance. Stable cash flow with significant NOI growth. 3% -4% annual Base Rent increases are in place. Minimal Landlord responsibilities. Recession & E-commerce Resistant Tenant Mix. Fantastic Signage, Exposure, and Frontage on Holt Blvd. Recently renovated. Seller spared no cost in exterior and interior renovations. SECURE INCOME STREAM – LONG-TERM LEASES WITH ANNUAL RENTAL RATE INCREASES.

FOR SALE DETAILS

PRICE

$4,934,509 USD

PRICE/SF

$321 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holt Medical Professional Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

Neighborhood Edge

APN/PARCEL ID

1012-081-04

ASK ABOUT THIS PROPERTY

Kavita Kaur BhatiaKavita Kaur BhatiaMore Info
909-606-1505

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Kavita Kaur BhatiaKavita Kaur BhatiaMore Info
909-606-1505

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