1101 Valley BlvdAlhambra, CA 91803

Property Details for 1101 Valley Blvd

Year built

1984

Property size (Sq ft)

2,022 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 2,022 square foot T-Mobile storefront located at 1101 W Valley Blvd, Alhambra, CA 91803. The property, built in 1984 and boasting a two-story structure on a 14,995 square foot lot, is currently operating under a Net Lease (NNN) agreement with a franchisee tenant. The asking price is $1,495,000, representing a compelling $739.37 per square foot and a 6.03% capitalization rate. The property generates a Net Operating Income (NOI) of $90,116, reflecting a 100% occupancy rate. The lease expires on October 31, 2024, offering a potential for lease extension with the established T-Mobile tenant. This prime retail space is situated on a signalized corner with high visibility at the northwest corner of Valley and Atlantic Boulevards, directly across from Chase Bank. Ample rear parking is available, and the location provides convenient access to freeways 10 and 710. The surrounding area offers a vibrant mix of restaurants, shopping, and public transportation options, enhancing the property's appeal and potential for continued success. This is a rare opportunity to acquire a strong-performing, net-leased retail property in a desirable Alhambra location.

Location Insight

City

Alhambra

County

Los Angeles

State

California

Latitude

34.078

Longitude

-118.135

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