Auto Parts
Crash Champions - 10.75 Abs-Net Lease w/ 3% Annual Increase
241 S Citrus Ave, Covina, CA 91723
Listing Price: $2,380,952
Cap Rate
5.25%
Tenant Name
Crash Champions
Years Remaining On Lease
10.8
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$529.10
Lease Type
Absolute Net
Rent Per Square Feet
$27.78
Investment Overview
241 S Citrus Ave, Covina, CA
Crash Champions - 10.75 Abs-Net Lease w/ 3% Annual Increase
Investment Highlights
- 3% ANNUAL INCREASES: Contractual rent escalations create long-term income stability and optional extensions support hold flexibility.
- RENOVATED IN 2025 ON A PRIME AUTOMOTIVE SERVICE PAD: 0.8 Mile From I-10 Freeway with 220,000 VPD.
- COVINA AUTO CORRIDOR LOCATION | HIGH SERVICE DEMAND: Positioned in a dense collision-repair and service-oriented submarket of Covina, CA with strong visibility and accessibility.
- STRONG CONSUMER DEMO | ~176,500 RESIDENTS WITHIN 3-MILES (2024): Median household incomes ~ $108K+ within three miles indicate a resilient base for service demand.
- ABSOLUTE-NET LEASE WITH ZERO LANDLORD RESPONSIBILITIES: Corporate-guaranteed absolute-NNN lease—tenant is responsible for all operating costs, including taxes, insurance, and maintenance, with no structural obligations.
- COVINA–IRWINDALE MSA LEVERAGE | INLAND EMPIRE ECONOMIC STRENGTH: Situated in the highly active Inland Empire region, benefitting from diverse industries, growing population, and near-term infrastructure investment.
Exclusively Listed By
Auto Parts
Crash Champions - 10.75 Abs-Net Lease w/ 3% Annual Increase
Listing Price: $2,380,952
Cap Rate
5.25%
Tenant Name
Crash Champions
Years Remaining On Lease
10.8
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$529.10
Lease Type
Absolute Net
Rent Per Square Feet
$27.78
Investment Highlights
- 3% ANNUAL INCREASES: Contractual rent escalations create long-term income stability and optional extensions support hold flexibility.
- RENOVATED IN 2025 ON A PRIME AUTOMOTIVE SERVICE PAD: 0.8 Mile From I-10 Freeway with 220,000 VPD.
- COVINA AUTO CORRIDOR LOCATION | HIGH SERVICE DEMAND: Positioned in a dense collision-repair and service-oriented submarket of Covina, CA with strong visibility and accessibility.
- STRONG CONSUMER DEMO | ~176,500 RESIDENTS WITHIN 3-MILES (2024): Median household incomes ~ $108K+ within three miles indicate a resilient base for service demand.
- ABSOLUTE-NET LEASE WITH ZERO LANDLORD RESPONSIBILITIES: Corporate-guaranteed absolute-NNN lease—tenant is responsible for all operating costs, including taxes, insurance, and maintenance, with no structural obligations.
- COVINA–IRWINDALE MSA LEVERAGE | INLAND EMPIRE ECONOMIC STRENGTH: Situated in the highly active Inland Empire region, benefitting from diverse industries, growing population, and near-term infrastructure investment.
Investment Overview
241 S Citrus Ave, Covina, CA
Exclusively Listed By
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