1532-1536 Amar RdWest Covina, CA 91792

Property Details for 1532-1536 Amar Rd

Year built

1990

Lot size

3.00 AC

Property size (Sq ft)

40,382 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents the Woodside Village Shopping Center, a thriving 40,382 square foot retail center in West Covina, California. Located at 1532-1536 E Amar Rd, this multi-tenant property boasts a prime location on a 2.995-acre lot, offering excellent visibility and accessibility. The center comprises two single-story buildings constructed in 1990, currently operating at 100% occupancy with six diverse tenants, including a strong mix of national, regional, and local businesses. The property features a NNN lease structure, providing a stable income stream. The asking price is $10,900,000, representing a compelling 6.21% capitalization rate and a price per square foot of $269.92. The Net Operating Income (NOI) is $677,385.25. The property benefits from high traffic counts of approximately 63,500 ADT at the intersection of E. Amar and S. Azusa Ave. The average household incomes within a 1, 3, and 5-mile radius are $103,251, $106,168, and $105,685 respectively. The center offers five entrances on E. Amar Road and four entrances on S. Azusa Ave, ensuring convenient access for customers. This e-commerce resistant tenant mix includes Grocery Outlet, 99¢ Only, Island Pacific Market, Advanced Auto Parts, and Bank of America. The property's strong tenant lineup, combined with its strategic location and high traffic counts, makes it an attractive investment opportunity. The APN is 8730-004-018. The property has a frontage of 940 feet on E. Amar Rd and 720 feet on S. Azusa Ave.

Location Insight

City

West Covina

County

Los Angeles

State

California

Latitude

34.0292

Longitude

-117.913

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