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Off Market
1/12

522 E Vine Ave
West Covina, CA 91790


HIGHLIGHTS

  • Three - Units: Current tenants - George’s Cafe, Ranch Town Market and El Jireh Pupuseria Restaurant
  • Traffic Counts Exceeding ±32,000 Vehicles Per Day
  • Located in the heart of West Covina with over 200,000 people in a 3-Mile Radius
  • Median Household Income: $77,000 Per Year in a 1-Mile Raidus
  • Jireh Restaurant has executed an early 10-year renewal at the location starting 12/1/2020

OVERVIEW

Colliers International, as an exclusive advisor to the seller, is pleased to present for sale the Three-Unit Retail Center in West Covina located at 522 E. Vine Avenue. The three-unit retail building totaling 5,806 gross leasable square feet presents an exceptional NNN investment opportunity in one of the strongest residential rental markets in Los Angeles. Current tenants at this property are George’s Cafe, Ranchtown Market and El Jireh Restaurant (formerly known as Las Champas Restaurant). El Jireh Restaurant has recently signed a new 10-year lease starting November 1st, 2020, with 3% annual increases and (1) 5-Year Option. This property has a projected Cap Rate of 6.27% effective 11/1/2020.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Cafe, Market & Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Fast Food, Restaurant

TOTAL BUILDING SIZE

5806

STORIES

1

YEAR BUILT

1948

SPRINKLERS

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PARKING SPACES

13

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

8488-002-001