Lease to Own
Address
960 W Holt Boulevard Ontario, CA
Price
$ 1,320,000
Property Attributes
  • MLS#AR21244093
  • TypeCommercial
  • CountySAN BERNARDINO
  • CityOntario
  • AreaOntario
  • Zip91762
  • StyleRetail
  • Price$ 1,320,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3650
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Michelle Chen with Kingston Realty - 626-318-8033
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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

Price History
11/7/2021 Listed $1,320,000

General Features

Business Type Auto Parts, Auto Tires
Construction Materials Masonite
Listing Agent Michelle Chen - BRE#01435662
Listing Agent State License 01435662
Lot Size Square Feet 15000
MLS Area 686 - Ontario
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Roof Flat
Special Listing Conditions Standard
Status Active
Terms Cash to New Loan
Utilities Electricity Available, Water Available

Interior Features

Laundry Features None

Exterior Features

Lot Dimensions 100x150
Lot Features 0-1 Unit/Acre
Lot Size Acres 0.34
Lot Size Area 15000
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 91762

Price
AVG $370K
$1.32M
Visits
AVG 44
6
Year Built
AVG 1960
1968
Walkscore
AVG 56
61
Data Provided by Walkscore ® not using MLS data

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