1787 Hamner AveNorco, CA 92860

Property Details for 1787 Hamner Ave

Year built

2001

Construction

TILT-UP CONCRETE

Lot size

0.80 AC

Property size (Sq ft)

6,676 SF

Property type

Retail properties

Property subtype

Retail space

APN

125-170-041

APU

125170041

Description

This exceptional investment opportunity presents a 5,429 square foot Tire Choice Auto Service Center, situated on a 0.78-acre lot at 1787 Hamner Ave, Norco, CA 92860. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $145,200. Currently operating under a triple-net (NNN) lease with a corporate guarantee from a major national automotive service provider, this single-tenant property offers significant financial stability. The lease, originally signed on July 31, 2015, has a remaining term of 7.5 years, extending to May 31, 2032, with two, five-year renewal options. The tenant is responsible for half of capital expenditures exceeding $5,000. The property includes 19 parking spaces and benefits from its location on a primary retail corridor in a thriving Inland Empire submarket. With a 100% occupancy rate and a proven 23+ year operating history as a tire dealership and service center, this asset represents a secure and lucrative investment opportunity. The building is a single-story structure. This is a corporate net lease investment with a strong tenant and a long lease term, offering a compelling return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,697,207

  6.5%

  $2,489,730

  7%

  $2,311,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,951,224

  Geo Method

  $5,921,374

• Alternative Use

  Use

  Valuation

  Residential

  $2,100,180

  Hospitality

  $1,923,754

  Educational

  $1,600,540

  Medical

  $1,655,586

  Retail

  $2,489,730

Location Insight

City

Norco

County

Riverside

State

California

Latitude

33.9078

Longitude

-117.561

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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