For Sale
$2,420,000

1787 Hamner AveNorco, CA 92860

High-yield, corporate-guaranteed net lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 5,429 square foot Tire Choice Auto Service Center, situated on a 0.78-acre lot at 1787 Hamner Ave, Norco, CA 92860. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $145,200. Currently operating under a triple-net (NNN) lease with a corporate guarantee from a major national automotive service provider, this single-tenant property offers significant financial stability. The lease, originally signed on July 31, 2015, has a remaining term of 7.5 years, extending to May 31, 2032, with two, five-year renewal options. The tenant is responsible for half of capital expenditures exceeding $5,000. The property includes 19 parking spaces and benefits from its location on a primary retail corridor in a thriving Inland Empire submarket. With a 100% occupancy rate and a proven 23+ year operating history as a tire dealership and service center, this asset represents a secure and lucrative investment opportunity. The building is a single-story structure. This is a corporate net lease investment with a strong tenant and a long lease term, offering a compelling return on investment.

Highlights

  • Single-tenant Tire Choice in high-growth Norco, CA (Inland Empire).
  • 15-year lease with over 7 years remaining.
  • Net-Net (NN) lease with corporate guarantee from a major automotive service and tire distributor.
  • Tenant responsible for 50% of capital expenditures exceeding $5,000.
  • 23+ years of successful operation as a tire dealership and service center.

Property Details for 1787 Hamner Ave

Property type
Retail properties, Auto shops
Square Feet
5,429 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
33,977 SF
Units
1

Location Insight

City
Norco
County
Riverside
State
California
Latitude
33.9077351
Longitude
-117.560812
1787 Hamner Ave, Norco, California

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1787 Hamner Ave
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