281 E Pomona Blvd - Convenience Store FOR SALE


Monterey Park, CA 91755
$3,578,947 USD
925-390-8518
281 E Pomona Blvd, Monterey Park, CA for Sale
$3,578,947 USD
Convenience Store - FOR SALE
1/6
null | 4.75% Cap Rate

281 E Pomona Blvd
Monterey Park, CA 91755


HIGHLIGHTS

  • Absolute NNN Lease with Zero Landlord Obligations
  • 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
  • Established 7-Eleven Location - in Operation since 2005
  • High Reported Store Sales
  • Located at Signalized Intersection (30,549 VPD) & Pomona Freeway (238,500 VPD)
  • Nearby Schurr High School (3,500 Students)

OVERVIEW

The Kase Group is pleased to present a prime investment opportunity to purchase a 7-Eleven location in Monterey, California, under a new 12-year absolute NNN lease. This lease structure offers zero landlord responsibilities, providing truly passive income, and is corporately guaranteed by 7-Eleven, ensuring financial stability. The lease includes 10% rent increases every five years, enhancing longterm value and offering a hedge against inflation. The property is strategically located at a signalized intersection of E Pomona Ave, with 20,240 vehicles per day (VPD), and Wilcox Ave, with 10,309 VPD, while also benefiting from exposure to Pomona Freeway, which carries over 238,500 VPD. It is situated near Schurr High School, home to approximately 3,500 students, further boosting foot traffic. The site is part of a retail corridor surrounded by prominent tenants such as Albertsons, Best Buy, Ross Dress for Less, Smart & Final Extra!, Kohl’s, Jamba Juice, Subway, Denny's and more.

FOR SALE DETAILS

PRICE

$3,578,947 USD

PRICE/SF

$1,491 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 12 Year Absolute NNN Leased 7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,321 SF

ZONING

MPCM*

APN/PARCEL ID

5265-014-037

ASK ABOUT THIS PROPERTY

Jason DenhamThe Kase GroupMore Info
925-390-8518

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jason DenhamThe Kase GroupMore Info
925-390-8518

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.