102-190 Foothill Blvd Monrovia, CA 91016
- Lifestyle centers
- 105,754 SF
- 2.42 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 102-190 Foothill Blvd
- Year built
- 1985
- Lot size
- 2.42 lot acres
- Property size
- 105,754 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Foothill Park Plaza, a multi-tenant retail property in Monrovia, California, presents a compelling value-add investment opportunity. This 105,754 square foot shopping center, built in 1985, sits on a 2.42 to 7.43 acre lot at 102-190 W Foothill Blvd, 91016. Currently operating at 85% occupancy, the center features a strong mix of national and regional tenants, including Vons (a dominant Southern California grocer), Chase Bank, Blaze Pizza, and others. The property benefits from a NNN lease structure with credit-rated tenants, providing a stable income stream. Located at a high-traffic intersection with over 43,000 cars daily, Foothill Park Plaza enjoys a prime location within a dense and affluent trade area. The property's existing tenant roster demonstrates resilience to online competition and economic downturns. Significant potential for NOI growth exists through a strategic lease-up of the currently vacant spaces. The property's investment highlights include a shadow-anchored grocery store, a robust daytime population, and a loyal tenant base. This offering presents a rare chance to acquire a well-positioned retail asset with substantial upside potential in a desirable California market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monrovia
- County
- Los Angeles
- State
- California
- Longitude
- -118.002
- Latitude
- 34.1503
