1131 Glendora AveWest Covina, CA 91790

Property Details for 1131 Glendora Ave

Year built

2008

Construction

TILT-UP CONCRETE

Lot size

0.49 AC

Property size (Sq ft)

10,050 SF

Zone code

WCNC*

Property type

Retail space

APN

8469-020-018

APU

8469020018

Description

Exceptional investment opportunity: a single-tenant, net-leased retail property located at 1131 S Glendora Ave, West Covina, CA 91790. This 13,170 square foot building, built in 2008, sits on a 0.49-acre lot and is currently 100% occupied by Dollar Tree under a sublease from Walgreens. The property boasts a strong financial profile, with a $6,000,000 asking price, a 7.25% cap rate, and a NOI of $435,000. The lease, originally signed on December 29, 2007, has a remaining term of 8.1 years, extending to December 31, 2032, and includes ten 5-year renewal options. The lease is backed by a corporate guarantee from Walgreens, providing significant financial security. The property's prime location on a hard signalized corner in Los Angeles County ensures high visibility and traffic flow. Zoned WCNC*, this property offers a compelling combination of strong tenant occupancy, a long-term lease, and a desirable location in a thriving Southern California market. The price per square foot is $455.58, and the land value is $279.68 per square foot. This is a rare opportunity to acquire a stable, income-generating asset with substantial upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,958,689

  6.5%

  $3,654,175

  7%

  $3,393,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,795,940

  Geo Method

  $4,815,992

• Alternative Use

  Use

  Valuation

  Residential

  $3,082,433

  Hospitality

  $2,823,492

  Educational

  $2,349,112

  Medical

  $2,429,902

  Retail

  $3,654,175

Location Insight

City

West Covina

County

Los Angeles

State

California

Latitude

34.056

Longitude

-117.938

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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