Ontario, CA 91762,960 W Holt BLVD
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Ontario, CA 91762,960 W Holt BLVD
Ontario, CA 91762,960 W Holt BLVD
Ontario, CA 91762,960 W Holt BLVD
Ontario, CA 91762,960 W Holt BLVD

$1,320,000

Est. payment /mo

$1,320,000

Est.Price: ?

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960 W Holt BLVD Ontario, CA 91762

0.34 Acres Lot

SOLD DATE : 04/14/2022

Key Details

Sold Price $1,320,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR21244093

Sold Date 04/14/22

HOA Y/N No

Year Built 1968

Lot Size 0.344 Acres

Property Sub-Type Retail

Property Description

* Prime NNN investment property opportunity
* Excellent 1031 Exchange Property – First Time Commercial RE Investor - Very Low Price Point
* Minimal Landlord responsibility making it an ideal investment opportunity for a Passive Investor.
* Tenant has been in the same location in the past 5+ years
* Tenant exercised their option early for a brand new 5 year extension demonstrating their long-term commitment to the location
* The lease features 10% rental increases every 5 years throughout the Lease Option Periods, growing NOI and hedging against inflation
* E-commerce Resistant Service Related Businesses:
* Tenant operates "Essential" service based business and remained open during Covid
* Tenant is Not an automotive service company. No oil change, No Fuel, No Radiator, No Transmissions work. - Clean Business
* All Vehicles including Plug-in Electric types eventually need Tires
* Tenant was Ranked number 7 on the 2020's "100 largest U.S. independent tire dealers"
* Founded in 1996, Rent A Wheel/ Rent A Tire started with one store in California and is now the Largest rent-to-own custom wheel and tire retailer in the U.S with over 136 locations across 15 states

Location

State CA

County San Bernardino

Area 686 - Ontario

Interior

Fireplace No

Laundry None

Exterior

Utilities Available Electricity Available, Water Available

Roof Type Flat

Building

Lot Description 0-1 Unit/Acre

Story 1

Water Public

Others

Tax ID 1010501790000

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard

Lease Land No

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CRMLS – RECore
Listed by Michelle Chen Kingston Realty
Bought with Raymond Rodriguez Keller Williams Realty Calabasas
agent

Kyle Andrade

Realtor | Listing Specialist | 02136739 | License ID: 02136739

+1(951) 240-8338

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