1215 W Covina Pky

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant net leased medical office asset in West Covina, CA. Enki Youth & Family Services has occupied the building since 2016 and has over 15.5 lease years remaining in the primary term with two 5-year option periods and annual rent increases providing inflation resistant cash flows for year to come.
The 18,040 SF building on 0.36-acre parcel is positioned as an outparcel to Plaza West Covina, the premier shopping and dining destination in the west Los Angeles County community. Located along W Covina Parkway (22,200 VPD) and adjacent to Interstate 10 (230,000 VPD) the subject property prospers from excellent visibility and access. Nearby retailers include Best Buy, Macy’s, JCPenney, Michaels, Vons, CVS, 7-Eleven, Bank of America, Wells Fargo, Chick-fil-A, McDonald’s, Panera Bread, Starbucks and more.
This is an excellent opportunity to purchase a long-term net leased medical office in the Los Angeles MSA (population exceeding 18.4 million) with annual rent bumps, strong demographics and irreplaceable real estate providing years of stable income.