960 W Holt Boulevard, Ontario, CA 91762
Commercial property
Sold April 2022
Listing Agent: Michelle Chen (DRE #01435662) · Listing Office: Kingston Realty · Contact: 626-566-7784 · Bought with: Raymond Rodriguez · Keller Williams Realty Calabasas · MLS #AR21244093 · Source: CRMLS
How this sale compares
960 W Holt Boulevard sold for $1,320,000 in April 2022, at its full list price, after 93 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
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
Listing description from the April 2022 sale, as reported to CRMLS.
Sale history