About This Restaurant
Investment Highlights
Excellent Visibility High Traffic Counts Highly Desirable SGV Demographics Large Pylon Sign Prime Location
Executive Summary
CBRE, Inc. is proud to exclusively present 1625 W Holt Avenue located in Pomona, California. The Retail Strip On Holt is situated on a major thoroughfare with high traffic counts of over 24,000 vehicles per day. This unique retail center offers investors the opportunity to acquire a well-performing ?8,700 SF retail strip center on a ?0.52 acres of land, featuring a diverse mix of six retail tenants. The Property is anchored by the 98 Discount Store with supporting retailers including a restaurant, water store, beauty salon, massage parlor, and money remittance store. This tenant mix creates a dynamic retail environment catering to the local community. With high visibility and consistent traffic driven by the adjacent major local grocer, Cardenas, the Property offers investors the ability to capture a cash flow generating asset in the eastern San Gabriel Valley.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Storefront Storefront General Retail Restaurant Storefront
- Building Size 8,700
- Building Class C
- Year Built 1957
- Price 2,200,000
- Price Per SF 253
- Cap Rate 6.43
- NOI 141,538
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.38
- Land Acres 0.52 AC
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
Parcel Number | 8357-018-025 | Improvements Assessment | $630,610 |
Land Assessment | $628,941 | Total Assessment | $1,259,551 |
Date Created: | 2024-07-16 04:09:23 | Last Updated: | 2024-07-16 04:09:23 |
Address: | 1625-1635 W Holt Ave , Pomona, California, 91768 |