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102-190 Foothill Blvd Monrovia, CA 91016

Value-add retail center, 85% occupied

Overview

Added:
Dec 11, 2024
Days on market:
138
Foothill Park Plaza, a multi-tenant retail property in Monrovia, California, presents a compelling value-add investment opportunity. This 105,754 square foot shopping center, built in 1985, sits on a 2.42 to 7.43 acre lot at 102-190 W Foothill Blvd, 91016. Currently operating at 85% occupancy, the center features a strong mix of national and regional tenants, including Vons (a dominant Southern California grocer), Chase Bank, Blaze Pizza, and others. The property benefits from a NNN lease structure with credit-rated tenants, providing a stable income stream. Located at a high-traffic intersection with over 43,000 cars daily, Foothill Park Plaza enjoys a prime location within a dense and affluent trade area. The property's existing tenant roster demonstrates resilience to online competition and economic downturns. Significant potential for NOI growth exists through a strategic lease-up of the currently vacant spaces. The property's investment highlights include a shadow-anchored grocery store, a robust daytime population, and a loyal tenant base. This offering presents a rare chance to acquire a well-positioned retail asset with substantial upside potential in a desirable California market.

Highlights

  • Shadow-anchored grocery-anchored center in dense, affluent trade area.
  • Strong daytime population and high traffic counts.
  • Original owner/developer offering a stable investment opportunity.
  • Demonstrable NOI growth history.
  • Significant JPMorgan Chase branch deposits nearby.
  • Reliable, long-term tenant roster.

Property Details for 102-190 Foothill Blvd

Property type
Lifestyle centers, Power centers
Square Feet
105,754 SF
Year Built
1985
Lot Size (sq. ft)
105,415 SF

Location Insight

City
Monrovia
County
Los Angeles
State
California
Latitude
34.1503360715
Longitude
-118.00153585623

FAQs

What type of property is this?
Lifestyle center - Value-add retail center, 85% occupied
Where is the lifestyle center located?
The property is located at 102-190 Foothill Blvd Monrovia, CA.
What are key features of this property?
This property features: Shadow-anchored grocery-anchored center in dense, affluent trade area.; Strong daytime population and high traffic counts.; Original owner/developer offering a stable investment opportunity.
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102-190 Foothill Blvd
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