600 W Valley Blvd - Auto Repair FOR SALE


Alhambra, CA 91803
$1,750,000 USD
949-724-5552
600 W Valley Blvd, Alhambra, CA for Sale
$1,750,000 USD
Auto Repair - FOR SALE
1/8
null | 5% Cap Rate

600 W Valley Blvd
Alhambra, CA 91803


HIGHLIGHTS

  • Single Tenant Corporate Lease w/Goodyear Tire & Rubber Company
  • Rare San Gabriel Valley NNN Investment
  • Below Market Replaceable Rent / Low Price Point
  • Just Tires is a Wholly Owned Subsidiary of Goodyear Tire & Rubber Co
  • Long Term Operating History –Successful Operation at this location for 27+ Years
  • Short Term Lease w/2.7 Lease Years Remaining

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors an excellent opportunity to acquire the single tenant net leased Just Tires in Alhambra, CA. Just Tires is a wholly owned subsidiary of the Goodyear Tire & Rubber Company, the largest tire manufacturer and retailers in America. Goodyear is publicly traded (NASDAQ: GT), is #231 on the Fortune 500 list, has been in business for over 125 years and generates annual revenues surpassing $20 billion. Just Tires has successfully operated at this location since 1999, has 2.7 years remaining in the primary term with three 5-year option periods and is subject to a net lease with minimal landlord responsibilities. The 3,350 SF four-bay automotive repair building on 0.17-acre parcel is strategically positioned on the hard corner signalized intersection of W Valley Blvd and S 6th Street, which have a combined traffic count exceeding 32,600 VPD. This asset is located within the heart of Los Angeles, which has a metro population of nearly 13 million, and is only 8 miles from downtown LA. The San Bernardino Freeway (I-10) is within a half mile of the site and sees over 216,700 VPD. UCLA is just over two miles from the subject property, is consistently ranked top public university in the US, is globally renowned and has a student body of nearly 50,000. Nearby retailers include The Home Depot, US Supermarket, CVS Pharmacy, Bank of America, Chase Bank, Wells Fargo, 7-Eleven, McDonald’s, Raising Cane’s, Starbucks, Taco Bell, Popeyes, Wendy’s, KFC and more. Don’t miss out on this rare opportunity to purchase a prime STNL tire shop with long-term operating history in the heart of Los Angeles.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$522 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Just Tires / Good Year

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,396 SF

ZONING

ALCPD*

APN/PARCEL ID

5357-004-006

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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