Basics Details
- Date added: Added 3 months ago
- Type: Retail
- Building Area: 15,352 sq ft
- Lot size, sq ft: 54,886 sq ft
- Zoning:
- # Of Units: 40
Description
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Description:
INCOME GENERATING INVESTMENT RETAIL CENTER WITH MINIMAL LANDLORD RESPONSIBILITY - NNN LEASES - Holt Plaza, a RETAIL property conveniently located in Montclair, CA. Holt Plaza is strategically located on Holt Blvd. The center is currently 100% occupied with long-term leases to Tenants such as Health Service Alliance, a federally qualified health center by HRSA. The subject property sits on 1.26 acres, was built in 1984, and consists of approximately 15,352 SF. New wrought iron electronic gates and wrought iron fence, improved trash enclosure, planted additional landscape, new paint, new paving, and many more improvements made by the seller. The building construction is masonry, and there is ample parking with approximately 5 spaces per 1,000 SF, with 78 total parking spaces. Holt Plaza is situated in a high-traffic area (23,990 Average Daily Traffic Count), surrounded by many national retail brands, including CVS, Dollar Tree, and numerous others.
*Stabilized, fully leased retail center with long-term tenant leases.
*Stable cash flow with significant NOI growth.
*Minimal Landlord responsibilities.
*Recession & E-commerce Resistant Tenant Mix.
*Fantastic Signage, Exposure and Visibility.
*NNN LEASES: Tenants reimburse for 100% of CAM, Real Estate Taxes, and Insurance,
*SECURE INCOME STREAM – LONG-TERM LEASES WITH RENTAL RATE INCREASES
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