102-190 Foothill Blvd Monrovia, CA 91016
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.