1001-1075 Grand Ave Covina, CA 91724
- Retail properties
- 111,900 SF
Current Use by Public Records
- Retail properties
Property Details for 1001-1075 Grand Ave
- Year built
- 1956
- Property size
- 111,900 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
Invest in Grand Covina Plaza, a 111,900-square-foot retail center in Covina, California. This single-story, 1956-built property boasts a strong tenant lineup including Stater Bros. Market, Dollar Tree, KFC, 7-Eleven, and O'Reilly Auto Parts. The center presents a compelling opportunity for immediate NOI growth through the lease-up of seven vacant suites and the repositioning of a vacant Walgreens space. Current below-market rents on some shops offer further upside potential. Located at 1001-1075 N Grand Ave, Covina, CA 91724, the property benefits from excellent access via Covina and Grand Avenues and ample parking. The property's location within a densely populated trade area, surrounded by abundant rooftops, ensures a strong customer base. Family-owned for over 20 years, this grocery-anchored center offers significant long-term upside potential, particularly given the opportunity for passive management. The top-performing Stater Bros. in the immediate area further underscores the property's desirability and potential for continued success. This is a rare opportunity to acquire a well-located, established retail center with significant value-add potential.
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
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.873
- Latitude
- 34.0977
