JUST LISTED! STNL Avis Budget Car Rental | New 5-Year Lease w/ Annual Rent Bumps | Located in Alhambra SGV - East of DTLA | 7% Cap. @ $871,000

Highlights

• Tenant has been in occupancy in this location since 1992, over 32 years
• 15 exclusive use allocated parking spaces
• Building undergoing refurbishment in 2024 & 2025
• Abundant secured parking - 256 surface and subterranean parking on 3 levels
• Located in Downtown Alhambra, blocks away from Main Street restaurant and retail amenities
• Strategic investment opportunity

Description

SVN is pleased to offer the opportunity for investors to acquire a stable, NNN, single-tenant investment leased to Avis Rent-A-Car. Priced at $871,000, equating to a 7% cap. rate on in-place income.
AVIS Budget Group (NASDAQ: CAR) is a Publicly Traded Corporation with a market capitalization of $3.2 Billion and over 600,000 vehicles in their fleet.
The 5-Year NNN lease with annual CPI increases renews on January 1st, 2025.
Aggressively priced to sell in today’s market at competitive pricing. This is an attractive opportunity in the West San Gabriel Valley market. It is located within The Garfield Center, a multi-tenanted, medical office condominium building in Alhambra, CA.

Situated in the bustling city of Alhambra, this prime location offers investors in the Office / Medical sector a chance to invest in themselves. The area is renowned for its diverse dining options, from authentic Asian cuisine to trendy cafes, catering to a range of culinary preferences. Nearby, the Alhambra Place Shopping Center provides a dynamic retail environment, while the historic Garfield Theatre offers a unique entertainment experience. Located within close proximity to major freeways and public transportation, and hospitals, the area provides convenient access for employees and clients alike. This vibrant neighborhood is an ideal setting for an office/medical office condo investment opportunity. Invest in yourself!