For Sale
$2,434,783
784 Holt AvePomona, CA 91768
Prime retail location, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Strong tenant: United Pacific, a joint venture of Phillips 66 and Fortress Investment Group, LLC, operating under an absolute NNN lease.
- Absolute NNN lease with rent increases: 9.6-year lease with 7.5% rent increases in July 2029 and each 5-year option.
- High barriers to entry: Irreplaceable location with significant barriers for new gas station competitors.
- Long-term operating history: Average operating history of approximately 50 years.
- High intrinsic value: Infill location with strong underlying value.
- Excellent location: Prime location in Los Angeles County with high visibility and accessibility, serving a thriving community with average household income of $103,841 within a 3-mile radius.
Property Details for 784 Holt Ave
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 2,355 SF
- Year Built
- 1952
- Lot Size (sq. ft)
- 18,731 SF
Location Insight
- City
- Pomona
- County
- Los Angeles
- State
- California
- Latitude
- 34.0618404
- Longitude
- -117.7628005
784 Holt Ave, Pomona, California
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