United Pacific: Monrovia, CA
Retail | 5.75% CAP | 775 SqFt
Marketing description
CBRE is pleased to offer for sale the 775 SF United Pacific fuel and convenience store located on 0.41 acres in Monrovia, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±8.3-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
BUSINESS IS NOT FOR SALE
Investment highlights
ABSOLUTE NNN LEASE WITH INCREASES
The site is subject to a ±8.3-year absolute NNN lease with a 7.50% rent increase in 2029 and in each of the three 5-year renewal options.
HIGH BARRIERS TO ENTRY
Irreplaceable location with high barriers to entry for new gas competitors.
LONG-TERM OPERATING HISTORY
Operating history of 65 years.
INTRINSIC UNDERLYING VALUE
Infill location with strong underlying intrinsic value.
LOS ANGELES MSA ADVANTAGE
The Greater Los Angeles-Long Beach-Anaheim, CA Metropolitan Statistical Area, commonly referred to as the Los Angeles MSA, is a region in Southern California that encompasses Los Angeles County, Orange County and a few other adjacent counties. With a population of over 13 million people, it is the largest MSA in California and the second-largest in the United States. Los Angeles has one of the most dynamic economies in the world, with a fast-growing and immense high-tech industry, world-leading creative economy, tremendous strength in aerospace and advanced transportation, the nation’s largest manufacturing base, the nation’s largest international trade industry and a rapidly increasing amount of venture capital investment in startups.
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