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    241 S Citrus Ave Covina, CA 91723

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    For Sale
    $2,380,000

    Single tenant NNN investment opportunity with national credit tenant.

    Property size:
    4,660 SF
    Lot size:
    0.39 Acres

    Property Features for 241 S Citrus Ave

    General Information

    Size
    4,660 SF
    Lot size
    0.39 Acres

    Source: Voit Real Estate Services Agent Jack Faris

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Covina NNN Investment Opportunity

    This property in Covina presents a single tenant NNN investment opportunity. The tenant, Crash Champions, a national credit tenant with over 650 locations and 100% ownership by Clearlake Capital (lease guarantor), occupies the property. The lease is set to expire on May 31, 2036. The property offers 4,660 square feet of space. Complete interior renovation is commencing soon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Budget Truck Rental Truck Rental Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Eastland Repair & Tire Center, Teds Auto Glass, Seidner's Collision Centers - West Covina, Valvoline Instant Oil Change, A & V Wheel Repair

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.8905894
    Latitude
    34.0842087

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    FAQs

    What type of property is this?
    Auto shop - Single tenant NNN investment opportunity with national credit tenant.
    Where is this auto shop located?
    The property is located at 241 S Citrus Ave Covina, CA.
    What is the asking price?
    The asking price for this property is $2,380,000.
    What are key features of this property?
    This property features: - Single tenant NNN investment opportunity; - National credit tenant: Crash Champions (650+ locations); - Lease expires May 31, 2036
    (949) 400-0957
    Request Owner's contact information
    241 S Citrus Ave Covina, CA 91723
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    Covina, CA 91723
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    241 S Citrus Ave Covina, CA 91723
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