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Carmax 11708 End ave 18,000 SF 100% Leased Industrial Building Chino, CA 91710 For Sale
INVESTMENT HIGHLIGHTS
- Secure Income From Investment Grade Caliber Tenant • CarMax, Inc. (NYSE:KMX) is the nation's leader in used car sales, generating $26.4 B in revenue
- Recently Developed Class A Property
- Strategic IOS/Distribution Location • Immediate access to SR-60, SR-71, I-10 and I-15, providing unmatched connectivity to the greater Southern CA.
EXECUTIVE SUMMARY
Newmark is pleased to present the rare opportunity to acquire 11708 East End Ave. (the "Property" or "Project"), a recently developed, Class A industrial outdoor storage ("IOS") site optimally located in the Inland Empire West, a globally desired industrial submarket.
The Project is 100% leased on a triple-net basis to CarMax, the largest used car retailer in the United States. This site serves as a mission critical, dealer-only auction site for CarMax, who recently executed a brand new 15-year lease with five extension options, demonstrating their deep commitment to the Property.
The Project is situated on 8.1 acres of industrial zoned land located proximate to the region’s critical transportation infrastructure, providing easy access to dense population centers, commercial hubs, and major economic drivers such as the Ports of Los Angeles and Long Beach and multiple international airports.
This newly improved, infill IOS site offers bond-like income from an investment grade caliber tenant with embedded growth via 3.00% annual rent escalations. The favorable NNN lease structure makes this offering an ideal, low-management, passive investment opportunity in one of the nation's most recognized industrial markets.
The Project is 100% leased on a triple-net basis to CarMax, the largest used car retailer in the United States. This site serves as a mission critical, dealer-only auction site for CarMax, who recently executed a brand new 15-year lease with five extension options, demonstrating their deep commitment to the Property.
The Project is situated on 8.1 acres of industrial zoned land located proximate to the region’s critical transportation infrastructure, providing easy access to dense population centers, commercial hubs, and major economic drivers such as the Ports of Los Angeles and Long Beach and multiple international airports.
This newly improved, infill IOS site offers bond-like income from an investment grade caliber tenant with embedded growth via 3.00% annual rent escalations. The favorable NNN lease structure makes this offering an ideal, low-management, passive investment opportunity in one of the nation's most recognized industrial markets.
PROPERTY FACTS
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Carmax | 11708 End ave
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