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Los Angeles MSA 401 E Arrow Hwy 4,062 SF Retail Building Glendora, CA 91740 $3,699,390 CAD ($910.73 CAD/SF) 6% Cap Rate
Investment Highlights
- Investment Grade Tenant with S&P Rating of A+
- $130M (2024) in Branch Deposits
- Densely Populated Area - 300k Residents within a 5-Mile Radius with AHHI of $120k
- Absolute NNN, No LL Responsibilities
- Tenant Exercised First Option Early Exhibiting a Commitment to Location
- Located in Los Angeles MSA
Executive Summary
Equity Investment Advisors is pleased to offer for sale an absolute NNN leased investment with 1.5% annual rental increases. The property is leased to Citibank N.A., a wholly owned subsidiary of Citigroup (NYSE: C). Citibank exercised its first five (5) year option early exhibiting its commitment to this location.
Prominently located on East Arrow Highway, a major east-west thoroughfare, this site benefits from excellent visibility and direct frontage. The branch is adjacent to a CVS pharmacy-anchored shopping center, amid an upper middle-class community. The surrounding community is home to over 300,000 people with an average household income of $120,000, within a 5-mile radius. The asset resides in the affluent city of Glendora, located 23 miles east of downtown Los Angeles.
Prominently located on East Arrow Highway, a major east-west thoroughfare, this site benefits from excellent visibility and direct frontage. The branch is adjacent to a CVS pharmacy-anchored shopping center, amid an upper middle-class community. The surrounding community is home to over 300,000 people with an average household income of $120,000, within a 5-mile radius. The asset resides in the affluent city of Glendora, located 23 miles east of downtown Los Angeles.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,062 SF
Building Class
B
Year Built
1981
Price
$3,699,390 CAD
Price Per SF
$910.73 CAD
Cap Rate
6%
NOI
$221,946 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.41 AC
Zoning
GDC3-GA*
Parking
12 Spaces (2.95 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Citi, formally known as Citigroup Inc., is a multinational financial services corporation headquartered in New York City. The company was formed in 1998 following the merger of Citicorp and Travelers Group, though its origins date back to the founding of City Bank of New York in 1812. Citi operates worldwide and provides a wide range of financial products, including consumer and commercial banking, credit cards, investment banking, wealth management, and treasury services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 8643-035-067 | Improvements Assessment | $3,584,241 CAD |
| Land Assessment | $1,021,709 CAD | Total Assessment | $4,605,950 CAD |
Property Taxes
Parcel Number
8643-035-067
Land Assessment
$1,021,709 CAD
Improvements Assessment
$3,584,241 CAD
Total Assessment
$4,605,950 CAD
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Los Angeles MSA | 401 E Arrow Hwy
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