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Tire Choice Auto Service Center 1787 Hamner Ave

5,429 SF Retail Building Norco, CA 92860 $2,420,000 ($446/SF) 6% Cap Rate

Investment Highlights

  • A single-tenant Tire Choice located in growing Norco, CA (Inland Empire)
  • The lease structure is NN with a corporate signature from one of the premier automotive service and tire distributors in the country
  • The subject property has a 23+ year successful operating history as a tire dealership and service center
  • Original 15-year lease with more than 7 years remaining
  • Under the terms of the lease, the tenant is responsible for one half of any capital expenditures in excess of $5,000

Executive Summary

Corporate net lease in booming Inland Empire market. Corporately guaranteed NN Tire Choice Auto Service Center (Monro, Inc.) located on the primary retail corridor in Norco, CA. Monro, Inc. is one of America's largest automotive service and tire dealers with more than 1,280 locations nationwide.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,429 SF
Building Class
B
Year Built
2001
Price
$2,420,000
Price Per SF
$446
Cap Rate
6%
NOI
$145,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Land Acres
0.78 AC
Parking
19 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
64 FT on Hamner Avenue

Amenities

  • Signage
  • Monument Signage

Nearby Major Retailers

The Original Pancake House
La Fitness
Wahoo's
Starbucks
Chase Bank
Sunbelt Rentals-general Equipment & Tools
Denny's
Bank of America
Winco Foods
Wells Fargo Home Mortgage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
125-170-041
Land Assessment
$621,875
Improvements Assessment
$2,112,237
Total Assessment
$2,734,112
  • Listing ID: 32773884

  • Date on Market: 8/12/2024

  • Last Updated:

  • Address: 1787 Hamner Ave, Norco, CA 92860

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