Target - Lomita, CA
2130 Pacific Coast Hwy, Lomita, CA, 90717-2503, US
3,034 sm
Asset description
JLL has been exclusively retained to offer qualified investors the opportunity to acquire Grand Covina Plaza, a 111,900 square foot grocery-anchored retail center in Covina, CA. The Property features Stater Bros. Market, Dollar Tree, KFC, 7-Eleven, O’Reilly Auto Parts, and others. It offers near-term NOI growth through lease-up of 7 vacant suites and repositioning of the dark Walgreens space. With excellent access from Covina and Grand Avenues, ample parking, and family ownership for 20+ years, the center presents significant upside potential due to passive management. The Property’s location in the greater Los Angeles area suggests a strong customer base for retail tenants.
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Attributes
Building area net
10,396 sm
Occupancy
85%
Land area gross
10,396 sm
Media
Investment highlights
- Grocery Anchored Retail Center with Long Term Upside
- Highly Dense Trade Area with Abundant Rooftops Surrounding the Property
- Immediate NOI Growth Opportunity Through Lease Up and Below Market Shop Rents
- Top Performing Stater Bros In The Immediate Trade Area
Contact brokers
Grand Covina Plaza (0 Properties)
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Last updated
Dec 17, 2024
