9137 Central Ave - Freestanding FOR SALE
Montclair, CA 91763 |
$6,450,000 USD
818-259-0476
9137 Central Ave
Montclair, CA 91763
HIGHLIGHTS
- The property is fully leased to top-tier retailers, Petco and Harbor Freight, both boasting a robust operating history of approximately 20 years
- Both tenants exhibit exceptional store performance, with Petco ranking in the top 92% and Harbor Freight in the top 57% nationwide (Source: Placer.ai)
- Offered at just $198/SF, the Property is well below replacement costs, even after recent upgrades to the façade, roof, and HVAC systems
- Petco invested over $750,000 to upgrade the store format to their modern store format, Vetco, in 2022
- Current ownership recently invested in a brand-new 20 year silicone roof replacement and provided capital for new HVAC systems
- The property spans just under 2.5 acres and offers convenient access from four points in all directions
FOR SALE DETAILS
PRICE
$6,450,000 USD
PRICE/SF
$196 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Petco and Harbor Freight Tools
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
120
LAND DETAILS
LAND ACRES
2.42 AC
LAND SF
105,415 SF
ZONING
-
APN/PARCEL ID
1008-201-13
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818-259-0476
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818-259-0476
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