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808-816 E Main St

18,000 SF 100% Leased Retail Building Alhambra, CA 91801 $10,400,000 ($578/SF) 5% Cap Rate

Investment Highlights

  • Currently occupied by CVS and American Continental Bank
  • The City of Alhambra is a suburb of Los Angeles County with a population of 82,295
  • Over 300 linear feet of frontage along Main Street
  • The subject property spans 1.81 Net Acres with a combined 18,000 square feet of improvements
  • 28,000+ Cars Per Day along Main Street
  • 49-unit residential complex under development across the street at 801 E. Main Street

Executive Summary

This Investment Opportunity is located at 808-816 E. Main Street in the City of Alhambra, California and spans 1.81 Net Acres with a combined 18,000 square feet of improvements comprised of two (2) free standing retail buildings (12,000 S.F. and 6,000 S.F.) currently occupied by CVS Pharmacy, the largest pharmacy chain in the United States by locations, since 2003 and American Continental Bank (ACB), a regional bank with 8 locations in California, Washington, and Texas. The CVS portion is a Ground Lease Investment with a CVS Corporate Guaranty, with the remaining portion sold as a Fee Simple Investment comprised of 5,000 square feet occupied by ACB and a vacant 1,000 square feet. The existing NOI is $519,500.00 annually.
The City of Alhambra is located in the San Gabriel Valley and is a suburb of Los Angeles County with a population of 82,295. It is known as the “Gateway to the San Gabriel Valley”. Home to a diverse array of businesses, restaurants, neighborhoods, and residents. Known as one of the best places to live in California, many young professionals find comfort in Alhambra as it offers residents an urban suburban mix feel.
A 49-unit permitted residential complex is slated to break ground by mid 2025 across the street at 801 E. Main Street.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
18,000 SF
Building Class
B
Year Built
2004
Price
$10,400,000
Price Per SF
$578
Cap Rate
5%
NOI
$519,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Land Acres
1.81 AC
Zoning
GC - General Commercial ; EMC, East Main Commercial
Parking
101 Spaces (5.61 Spaces per 1,000 SF Leased)
Frontage
300 FT on East Main Street

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • American Continental Bank
  • Finance and Insurance
  • 5,000 SF
  • -
  • Triple Net
  • Sep 2026
  • Retailer
  • 12,000 SF
  • -
  • -
  • Jan 2030

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

  • Vacant Space
  • -
  • 1,000 SF
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
American Continental Bank Finance and Insurance 5,000 SF - Triple Net Sep 2026
Retailer 12,000 SF - - Jan 2030
Vacant Space - 1,000 SF - - -
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

LA Fitness
99 Ranch Market
Smart & Final
BonChon
Ymca
Bank of Montreal
Flight
Starbucks
The Habit Burger Grill
Applebee's

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5346-001-021
  • 5346-001-020
Land Assessment
$4,118,701
Improvements Assessment
$951,672
Total Assessment
$5,070,373
  • Listing ID: 33539998

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 808-816 E Main St, Alhambra, CA 91801

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