$1,320,000
$1,320,000
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960 W Holt BLVD Ontario, CA 91762
0.34 Acres Lot
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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Bought with Raymond Rodriguez Keller Williams Realty Calabasas