1001-1075 Grand Ave Covina, CA 91724
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.