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241 S Citrus Ave

4,500 SF Retail Building Covina, CA 91723 £1,988,230 (£442/SF) 5% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Long-term 12-Year NNN lease
  • Hard Corner
  • National Tenant

EXECUTIVE SUMMARY

Approx. 4,500 sf building on a hard corner in the city of Covina, CA
1. Excellent 1031 Exchange Opportunity.
2. Recently signed a 12-year lease with A National Tenant.
3. Annual increases 3%
4. Tenant is in the process of extensive interior improvements to meet their operational needs - see attached documents
5. Additionally, Tenant occupies the 3 adjacent properties, showing their commitment to the site
NO NOT DISTURB TENANT - SHOWN BY APPOINTMENT ONLY

ATTACHMENTS

241 Citrus Ave Improvements_2024-2025

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
4,500 SF
Building Class
C
Year Built/Renovated
1963/2023
Price
£1,988,230
Price Per SF
£442
Net Initial Yield
5%
NOI
£99,411
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
0.48 AC
Zoning
CVTCC*
Parking
18 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
90 ft on S Citrus Ave

AMENITIES

  • Bus Route
  • Signage
  • Air Conditioning
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Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Anytime Fitness
IHOP
Starbucks
Dutch Bros Coffee
The YMCA
Smart & Final
Bank of Montreal
Flame Broiler
Buffalo Wild Wings
Navy Federal Credit Union

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8444-008-032
  • 8444-008-031
 Improvements Assessment £740,796
Land Assessment £1,541,665 Total Assessment £2,282,462

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8444-008-032
  • 8444-008-031
Land Assessment
£1,541,665
Improvements Assessment
£740,796
Total Assessment
£2,282,462
(714) 240-0410

CONTACT

  • Listing ID: 32682662

  • Date on Market: 03/08/2024

  • Last Updated:

  • Address: 241 S Citrus Ave, Covina, CA 91723

The Downtown Covina Retail Property at 241 S Citrus Ave, Covina, CA 91723 is currently available. Contact OnPoint Commercial, LLC for more information.

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241 S Citrus Ave, Covina, CA for sale Building Photo- Image 1 of 7
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241 S Citrus Ave, Covina, CA for sale Building Photo- Image 2 of 7
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241 S Citrus Ave, Covina, CA for sale Building Photo- Image 3 of 7
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241 S Citrus Ave, Covina, CA for sale Building Photo- Image 4 of 7
Citrus 2
241 S Citrus Ave, Covina, CA for sale Building Photo- Image 5 of 7
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241 S Citrus Ave, Covina, CA for sale Building Photo- Image 6 of 7
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241 S Citrus Ave
(714) 240-0410 x

241 S Citrus Ave

Steve Vettel

(714) 240-0410

(714) 240-0410

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