Just Tires / Good Year 600 W Valley Blvd 3,350 SF Retail Building Alhambra, CA 91803 $2,449,527 CAD ($731.20 CAD/SF) 5% Cap Rate

The Snyder Carlton National Net Lease Team is pleased to offer investors an excellent opportunity to acquire the single tenant net leased Just Tires in Alhambra, CA. Just Tires is a wholly owned subsidiary of the Goodyear Tire & Rubber Company, the largest tire manufacturer and retailers in America. Goodyear is publicly traded (NASDAQ: GT), is #231 on the Fortune 500 list, has been in business for over 125 years and generates annual revenues surpassing $20 billion. Just Tires has successfully operated at this location since 1999, has 2.7 years remaining in the primary term with three 5-year option periods and is subject to a net lease with minimal landlord responsibilities. The 3,350 SF four-bay automotive repair building on 0.17-acre parcel is strategically positioned on the hard corner signalized intersection of W Valley Blvd and S 6th Street, which have a combined traffic count exceeding 32,600 VPD.
This asset is located within the heart of Los Angeles, which has a metro population of nearly 13 million, and is only 8 miles from downtown LA. The San Bernardino Freeway (I-10) is within a half mile of the site and sees over 216,700 VPD. UCLA is just over two miles from the subject property, is consistently ranked top public university in the US, is globally renowned and has a student body of nearly 50,000. Nearby retailers include The Home Depot, US Supermarket, CVS Pharmacy, Bank of America, Chase Bank, Wells Fargo, 7-Eleven, McDonald’s, Raising Cane’s, Starbucks, Taco Bell, Popeyes, Wendy’s, KFC and more. Don’t miss out on this rare opportunity to purchase a prime STNL tire shop with long-term operating history in the heart of Los Angeles.