FOR SALE

.
BRAND NEW 20-YEAR NNN LEASE WITH CORPORATE GUARANTEE
200 SOUTH VINCENT AVENUE, WEST COVINA, CA 91790
INVESTMENT SUMMARY
PURCHASE PRICE
CAP RATE
CURRENT NOI
TRAFFIC COUNTS
$9,845,000
3.00%
$295.260
50,000 CPD
INVESTMENT HIGHLIGHTS
IDEAL 1031-EXCHANGE NNN GROUND LEASE INVESTMENT WITH CORPORATE GUARANTEE
  • Brand New Construction Chick-fil-A with Double Drive-Thru – 2019 Construction in High Barriers to Entry San Gabriel Valley (West Covina) Submarket with Desirable Double Drive-Thru.
     
  • 20-Year Absolute NNN Ground Lease – Corporate Guarantee from Chick-fil-A with a Little Under 20 Years Remaining on Lease. Tenant is Responsible for All Expenses: There are No Landlord Responsibilities.
     
  • Limited Chick-fil-A Inventory – The Property is Currently One of the Few STNL Chick-fil-A Available for Sale in Southern California.
HIGHLY STRATEGIC AND DESIRABLE REAL ESTATE LOCATION IN SOUTHERN CALIFORNIA
  • Easy Freeway Access – The Subject Property is Conveniently Located One Block from the I-10 Freeway (Over 215,000 Cars Per Day) Vincent Avenue Entrance/Exit.
     
  • Hard Corner Lot Location and Adjacent to Multiple Retail Centers – Chick-fil-A is Located on the Hard-Southeast Corner of South Vincent Avenue and Lakes Drive. Additionally, the Starwood’s Plaza West Covina and the Lakes Entertainment Center are 1 Block from Chick-fil-A.
     
  • Almost 1 Acre Lot with Intrinsic Land Value – The Site Sits Adjacent to the Colony at the Lakes (450+ Unit Luxury Apartment Community). The Existing Zoning Allows for Future Mixed-Use Redevelopment Potential.
     
  • Dense Southern California Demographics – Chick-fil-A is Ideally Situated in the Heart of a Dense, Infill Trade Area Featuring Over 26,959 Residents and Average Household Incomes Exceeding $96,293 within a 1-Mile Radius and Over 237,337 Residents and Average Household Incomes Exceeding $87,080 within a 3-Mile Radius.
ALEX KOZAKOV
Senior Vice President
+1 213 613 3031
Lic. 01416489
[email protected]
PATRICK WADE
Senior Vice President
+1 213 613 3071
Lic. 01454690
[email protected]
MATTHEW GREENBERG
Senior Associate
+1 213 613 3544
Lic. 01968717
[email protected]
VIVIAN TRAN
Client Services Team Lead
+1 213 613 3642
Lic. 02087179
[email protected]
ALEXIS ABAD
Analyst
+1 213 613 3080
Lic. 02041863
[email protected]
CBRE



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