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    1131 Glendora Ave West Covina, CA 91790

    Sponsored
    For Sale
    $6,000,000

    Dollar Tree NNN Lease, High ROI

    Property size:
    13,170 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 1131 Glendora Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,170 SF
    Lot Size
    21,344 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $3.6M guaranteed Walgreens lease payments through initial lease term.
    Property Profile Location Intelligence

    Current Use by Public Records

    Melody Hui, PharmD Pharmacy Dollar Tree Dollar Store Michael Du Pharmacy HR Gate Repair ... Fence Contractor Amazon Locker - Amanecer Shipping And Mailing Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    West Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.93845243171
    Latitude
    34.055961602976

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    FAQs

    What type of property is this?
    Individual retail property - Dollar Tree NNN Lease, High ROI
    Where is this individual retail property located?
    The property is located at 1131 Glendora Ave West Covina, CA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: $3.6M guaranteed Walgreens lease payments through initial lease term.; ;
    Request Owner's contact information
    1131 Glendora Ave West Covina, CA 91790
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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
    1131 Glendora Ave West Covina, CA 91790
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