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960 W Holt Boulevard

Ontario, CA 91762
  • $1,320,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: AR21244093
UPDATED: 27 min ago
$1,320,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1968
County:

School Ratings & Info

Listing Agent: Michelle Chen of Kingston Realty


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 2020s "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

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T07:26:33.377. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/123110452
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960 W Holt Boulevard Ontario, CA 91762

  • Price: $1,320,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 27 min ago
  • ID#: AR21244093
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1968
Built
Neighborhood:
686 - Ontario
County:
San Bernardino
Area:
686 - Ontario
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 2020s "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
Exterior Features

Construction Materials Masonite Entry Level 1 Lot Features 0-1 Unit/Acre Roof Flat Sign On Property YN No

Property Features

Additional Parcels YN No Business Type Auto PartsAuto Tires Common Interest None Current Financing None Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Property Sub Type Retail Special Listing Conditions Standard Utilities Electricity AvailableWater Available Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T07:26:33.377. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing Agent: Michelle Chen of Kingston Realty