Property Listing No Longer Available for Sale

2887 East Valley Blvd, West Covina, CA

Retail for Sale - $1,912,500 - 2,400 Sq. Ft. on 9372 acres


Property Info

CIMLS#708330
Location
  2887 East Valley Blvd
  West Covina CA 91792
UpdatedApril 10th, 2014
TypeRetail
Price$1,912,500
Building2,400 Sq. Ft.
Land9372 acres

Property Description

Condor Commercial is pleased to offer this outstanding single tenant NNN leased investment opportunity. Featuring a new 7-Eleven lease with a rare 13-year primary term, the property is 100% leased to 7-Eleven Corp.

Offering fee-simple ownership in both the land and improvements, this opportunity allows investors the added benefit of building depreciation, while the NNN lease places 100% of any repair, or maintenance obligations on the tenant. 7-Eleven has successfully operated at this location for 47 years and has recently executed the new lease.

The subject is a 2,400 square foot absolute triple-net (NNN) leased property with zero-landlord responsibilities. The property is located in the county of Los Angeles, city of West Covina. Specifically, it is situated on the major thoroughfare of East Valley Blvd, just north of the 60 Freeway, a little over mile from the Fairway on/off ramp.

Immediate retailers in the area include Citibank, McDonald's, CVS, Rite Aid, Big Lots, Best Western, Wells Fargo, Home Depot, and Smart and Final.

With its premier credit tenancy, prime location and quality construction this property offers investors the ideal opportunity to own a stable, easy to manage net leased investment.


Financials

New CORPORATE GUARANTEED NNN lease with 7-Eleven, an S&P Investment grade rated AA- Credit Tenant. An AA- credit rating from S&P is a superior rating than most financial institutions. Rare primary term of 13 years, with a 10% increase in year 9.



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