902 W Foothill Blvd - Service Station FOR SALE
Monrovia, CA 91016 |
$3,130,435 USD
703-477-1315
902 W Foothill Blvd
Monrovia, CA 91016
HIGHLIGHTS
- The site is subject to a ±8.9-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 65+ years.
- Infill location with strong underlying intrinsic value.
OVERVIEW
CBRE is pleased to offer for sale the 775 SF United Pacific fuel and convenience store located on 0.41 acres in Monrovia, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±8.9-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
$3,130,435 USD
PRICE/SF
$4,039 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
United Pacific: Monrovia, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
2
LAND DETAILS
LAND ACRES
0.41 AC
LAND SF
17,860 SF
ZONING
-
APN/PARCEL ID
8505-028-028
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703-477-1315
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703-477-1315
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