Foothill Park Plaza
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Foothill Park Plaza
7 Retail Properties in Monrovia, CA
Executive Summary
Newmark Retail Capital Markets is pleased to present the opportunity to acquire a portion of Foothill Park Plaza in attractive Monrovia, California. Nestled amongst some of the most expensive zip codes in the country, Foothill Park Plaza is an 85% occupied 43,590 square foot neighborhood center shadow anchored by Vons, Southern California’s dominant grocer.
The center boasts a loyal and internet resistant lineup of national and regional shop tenants including Blaze Fast Fired Pizza, Jamba Juice, Wing Stop, Waba Grill, See’s Candies, Baskin Robbins, and Chase Bank.
The center is ideally positioned at the intersection of Foothill Boulevard, the main east/west artery through the San Gabriel Valley and Myrtle Avenue, which serves as “Main Street” for Old Town Monrovia’s housing, shops, restaurants, and community events. Traffic counts exceed 43,000 cars per day on the corner of these two thoroughfares.
At 85% occupancy, new buyers can add an additional $400,000 of NOI with an aggressive lease-up strategy. Compound annual NOI growth through the analysis period is expected to near 5.0%.
The center boasts a loyal and internet resistant lineup of national and regional shop tenants including Blaze Fast Fired Pizza, Jamba Juice, Wing Stop, Waba Grill, See’s Candies, Baskin Robbins, and Chase Bank.
The center is ideally positioned at the intersection of Foothill Boulevard, the main east/west artery through the San Gabriel Valley and Myrtle Avenue, which serves as “Main Street” for Old Town Monrovia’s housing, shops, restaurants, and community events. Traffic counts exceed 43,000 cars per day on the corner of these two thoroughfares.
At 85% occupancy, new buyers can add an additional $400,000 of NOI with an aggressive lease-up strategy. Compound annual NOI growth through the analysis period is expected to near 5.0%.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 99,183 SF |
| Number of Properties | 7 | Total Land Area | 4.81 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 99,183 SF |
| Total Land Area | 4.81 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 130 W Foothill Blvd, Monrovia, CA 91016 | Retail | 49,092 SF | 1985 | - |
|
Wendy's
190 W Foothill Blvd, Monrovia, CA 91016 |
Retail | 2,619 SF | 1985 | - |
|
Foothill Park Plaza--Bldg E
140-148 W Foothill Blvd, Monrovia, CA 91016 |
Retail | 5,031 SF | 1986 | - |
|
Chase
102 W Foothill Blvd, Monrovia, CA 91016 |
Retail | 7,485 SF | 1986 | - |
|
Foothill Park Plaza--Bldg A
104-120 W Foothill Blvd, Monrovia, CA 91016 |
Retail | 11,700 SF | 1985 | - |
|
Bldg C
150-166 W Foothill Blvd, Monrovia, CA 91016 |
Retail | 11,250 SF | 1986 | - |
|
Bldg D
170-186 W Foothill Blvd, Monrovia, CA 91016 |
Retail | 12,006 SF | 1985 | - |
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