1787 Hamner Ave Norco, CA 92860-2944
- Retail space
- 6,676 SF
- 0.80 lot acres
Jan 07, 2025
Current Use by Public Records
- Norco Tires & Service / Tire Shop
- Tire Choice Auto Service Centers / Tire Shop / Brake Shop
Property Details for 1787 Hamner Ave
- Year built
- 2001
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.80 lot acres
- Property size
- 6,676 SF
- Property type
- 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.
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
- Norco
- County
- Riverside
- State
- California
- Longitude
- -117.561
- Latitude
- 33.9078
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
