241 S Citrus Ave Local commercial 418 m² À vendre Covina, CA 91723 2 002 130 € (4 789,05 €/m²) Taux de capitalisation 5,25 %

RARE OPPORTUNITY TO OWN AN ABSOLUTE NNN LEASE WITH A NATIONAL CREDIT TENANT
The tenant is responsible for all building expenses and operating costs. Owner has not structural
obligations. Tenant to pay all taxes, insurance and maintenance.
3% ANNUAL RENT INCREASES
The rent increases by three (3%) every January 1st through January 01, 20235
MAJOR RENOVATIONS TO THE PROPERTY ARE BEING IMPLEMENTED BY THE TENANT
The tenant will be making substantial renovations to the property demonstrating their long term
commitment to the site.
PRIME LOCATION
The property is close to 10, 57 and 210 Freeways. It is also adjacent to the Covina Automotive Corridor.
DENSE INFILL LOCATION WITH LITTLE OR NO SUITABLE LAND AVAILABLE FOR DEVELOPMENT
The surrounding area is home to approximately 176,500 residents within a three-mile radius (2024), with
median household incomes exceeding $108,000. This strong demographic base supports consistent
demand for automotive and related services.
STRONG DEMOGRAPHICS IN UPSCALE COVINA NEIGHBORHOOD
Situated in the highly active Inland Empire region, benefiting from diverse industries, growing population,
and near-term infrastructure investment