206 N Vincent Avenue, West Covina, CA 91790
Listing Presented By
First Team Estates
Commercial Sale - West Covina, CA
First Team Commercial is proud to present the Chevron Auto Center of West Covina. With two long term tenants in place both of whom started their lease 4-5 years ago. There is an auto service tenant occupying approximately 2,900 square feet and a Chevron franchisee using the balance of the property. The auto service tenant is on a modified gross lease and the Chevron tenant is on a NN lease, property tax reimbursement is not included. Both leases have 3% annual increases. The "Stabilized" cap rate in accordance with the tenant's existing lease. No rent increase assumptions were made when calculating the "stabilized" cap rate. Request offering memorandum from broker.
Built In: 1963
Last Updated: August 11, 2016
Posted: September 17, 2015