600 N Garfield Ave - Service Station FOR SALE
Alhambra, CA 91801 |
$6,090,909 USD
703-477-1315
600 N Garfield Ave
Alhambra, CA 91801
HIGHLIGHTS
- The site is subject to a ±7.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
- Irreplaceable location with high barriers to entry for new gas competitors.
- Operating history of 63+ years.
- Infill location with strong underlying intrinsic value.
OVERVIEW
CBRE is pleased to offer for sale the 1,128 SF United Pacific fuel and convenience store located on 0.34 acres in Alhambra, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±7.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
BUSINESS IS NOT FOR SALE
FOR SALE DETAILS
PRICE
$6,090,909 USD
PRICE/SF
$5,502 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
United Pacific: Alhambra, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1963
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
0.34 AC
LAND SF
14,810 SF
ZONING
-
APN/PARCEL ID
5322-032-027
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703-477-1315
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703-477-1315
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