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241 S Citrus Ave 4,500 SF Retail Building Covina, CA 91723 $3,280,412 CAD ($728.98 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding Single Tenant NNN Leased Invwtment. National Credit Tenant
EXECUTIVE SUMMARY
RARE OPPORTUNITY TO OWN AN ABSOLUTE NNN LEASE WITH A NATIONAL CREDIT TENANT
The tenant is responsible for all building expenses and operating costs. Owner has not structural
obligations. Tenant to pay all taxes, insurance and maintenance.
3% ANNUAL RENT INCREASES
The rent increases by three (3%) every January 1st through January 01, 20235
MAJOR RENOVATIONS TO THE PROPERTY ARE BEING IMPLEMENTED BY THE TENANT
The tenant will be making substantial renovations to the property demonstrating their long term
commitment to the site.
PRIME LOCATION
The property is close to 10, 57 and 210 Freeways. It is also adjacent to the Covina Automotive Corridor.
DENSE INFILL LOCATION WITH LITTLE OR NO SUITABLE LAND AVAILABLE FOR DEVELOPMENT
The surrounding area is home to approximately 176,500 residents within a three-mile radius (2024), with
median household incomes exceeding $108,000. This strong demographic base supports consistent
demand for automotive and related services.
STRONG DEMOGRAPHICS IN UPSCALE COVINA NEIGHBORHOOD
Situated in the highly active Inland Empire region, benefiting from diverse industries, growing population,
and near-term infrastructure investment
The tenant is responsible for all building expenses and operating costs. Owner has not structural
obligations. Tenant to pay all taxes, insurance and maintenance.
3% ANNUAL RENT INCREASES
The rent increases by three (3%) every January 1st through January 01, 20235
MAJOR RENOVATIONS TO THE PROPERTY ARE BEING IMPLEMENTED BY THE TENANT
The tenant will be making substantial renovations to the property demonstrating their long term
commitment to the site.
PRIME LOCATION
The property is close to 10, 57 and 210 Freeways. It is also adjacent to the Covina Automotive Corridor.
DENSE INFILL LOCATION WITH LITTLE OR NO SUITABLE LAND AVAILABLE FOR DEVELOPMENT
The surrounding area is home to approximately 176,500 residents within a three-mile radius (2024), with
median household incomes exceeding $108,000. This strong demographic base supports consistent
demand for automotive and related services.
STRONG DEMOGRAPHICS IN UPSCALE COVINA NEIGHBORHOOD
Situated in the highly active Inland Empire region, benefiting from diverse industries, growing population,
and near-term infrastructure investment
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built
1963
Price
$3,280,412 CAD
Price Per SF
$728.98 CAD
Cap Rate
5.25%
NOI
$172,222 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.48 AC
Zoning
CVTCC*
Parking
18 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
90’ on S Citrus Ave
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Crash Champions
- -
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Crash Champions | - | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8444-008-032 | Improvements Assessment | $296,965 CAD |
| Land Assessment | $1,424,897 CAD | Total Assessment | $1,721,862 CAD |
PROPERTY TAXES
Parcel Number
8444-008-032
Land Assessment
$1,424,897 CAD
Improvements Assessment
$296,965 CAD
Total Assessment
$1,721,862 CAD
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241 S Citrus Ave
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