808-816 E Main St - Retail FOR SALE


Alhambra, CA 91801
$10,400,000 USD
808-816 E Main St, Alhambra, CA for Sale
$10,400,000 USD
Retail - FOR SALE
1/11
null | 5% Cap Rate

808-816 E Main St
Alhambra, CA 91801


HIGHLIGHTS

  • Currently occupied by CVS and American Continental Bank
  • The subject property spans 1.81 Net Acres with a combined 18,000 square feet of improvements
  • The City of Alhambra is a suburb of Los Angeles County with a population of 82,295
  • 28,000+ Cars Per Day along Main Street
  • Over 300 linear feet of frontage along Main Street
  • 49-unit residential complex under development across the street at 801 E. Main Street

OVERVIEW

This Investment Opportunity is located at 808-816 E. Main Street in the City of Alhambra, California and spans 1.81 Net Acres with a combined 18,000 square feet of improvements comprised of two (2) free standing retail buildings (12,000 S.F. and 6,000 S.F.) currently occupied by CVS Pharmacy, the largest pharmacy chain in the United States by locations, since 2003 and American Continental Bank (ACB), a regional bank with 8 locations in California, Washington, and Texas. The CVS portion is a Ground Lease Investment with a CVS Corporate Guaranty, with the remaining portion sold as a Fee Simple Investment comprised of 5,000 square feet occupied by ACB and a vacant 1,000 square feet. The existing NOI is $519,500.00 annually. The City of Alhambra is located in the San Gabriel Valley and is a suburb of Los Angeles County with a population of 82,295. It is known as the “Gateway to the San Gabriel Valley”. Home to a diverse array of businesses, restaurants, neighborhoods, and residents. Known as one of the best places to live in California, many young professionals find comfort in Alhambra as it offers residents an urban suburban mix feel. A 49-unit permitted residential complex is slated to break ground by mid 2025 across the street at 801 E. Main Street.

FOR SALE DETAILS

PRICE

$10,400,000 USD

PRICE/SF

$578 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

GC

APN/PARCEL ID

5346-001-020,5346-001-021

ASK ABOUT THIS PROPERTY

Kenny WoodsKenny WoodsMore Info

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

Kenny WoodsKenny WoodsMore Info

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