401 East Arrow Highway
$2,815,000
401 East Arrow Highway, Glendora, CA 91740
5.75
Cap Rate
161,867
NOI
Details:
Highlights:
- Investment Grade Tenant with S&P Rating of A+
- Absolute NNN, No LL Responsibilities
- $130M (2024) in Branch Deposits
- Located in Los Angeles MSA
- Situated in a CVS Anchored Shopping Center
- Tenant Exercised First Option Early Exhibiting a Commitment to Location
- Densely Populated Area - 300k Residents within a 5-Mile Radius
- AHHI of Over $120,000 within a 5-Mile Radius
Description:
Equity Investment Advisors is pleased to offer for sale an absolute NNN leased investment with 1.5% annual rental increases. The property is leased to Citibank N.A., a wholly owned subsidiary of Citigroup (NYSE: C). Citibank exercised its first five (5) year option early exhibiting its commitment to this location.
Prominently located on East Arrow Highway, a major east-west thoroughfare, this site benefits from excellent visibility and direct frontage. The branch is adjacent to a CVS pharmacy anchored shopping center, amid an upper middle-class community. The surrounding community is home to over 300,000 people with an average household income of $120,000, within a 5-mile radius. The asset resides in the affluent city of Glendora, located 23 miles east of downtown Los Angeles.
Documents:
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Citibank_OM_Glendora.pdf
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Location
Gallery
