913 Huntington Dr Monrovia, CA 91016

Property Details for 913 Huntington Dr

Year built

1974

Construction

TILT-UP CONCRETE

Lot size

0.22 lot acres

Property size

824 SF

Zone code

MOCG*

Property type

Auto shops

APN

8530-002-018

APU

8530002018

Description

This exceptional investment opportunity presents the fee simple ownership of a newly renovated (2023) Take 5 Oil Change in Monrovia, CA. The property, located at 913 E Huntington Dr, boasts 824 square feet on a 0.22-acre lot (APN 8530-002-018) and is situated in a high-traffic retail corridor with strong tenant synergy, including Target, CVS, and more. The property benefits from excellent visibility at a signalized intersection with high daily vehicle counts (combined 54,900 VPD) and convenient access to Interstate 210 (over 256,000 VPD). The current tenant, a Take 5 Oil Change franchisee, has a new 15-year absolute NNN lease with four 5-year options, featuring 10% rent increases every 5 years, ensuring consistent NOI growth and inflation protection. The property offers a strong 5.51% cap rate and a substantial NOI of $110,000, with an asking price of $1,995,000 ($2,421.12/sq ft). The 5-mile trade area boasts a population exceeding 331,000 and 114,000 employees, and a 3-mile radius average household income of $128,326. This is a truly passive, management-free investment opportunity with significant long-term potential. The building was originally constructed in 1974. This is a fee simple ownership opportunity.

Location Insight

City

Monrovia

County

Los Angeles

State

California

Longitude

-117.986

Latitude

34.1399

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments