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Restaurant

Church's Chicken

701 E Huntington Dr, Monrovia, CA 91016

Listing Price: $1,700,000

Cap Rate
3.36%
Tenant Name
Church's Chicken
Years Remaining On Lease
2.6
Guarantor
Local or Regional Franchisor
Rentable SF
1,320
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.26

Investment Overview

The Neema Group of Marcus and Millichap is pleased to present 701 Huntington Drive, a rare NNN retail investment opportunity located on the hard, signalized corner of Huntington Dr & Shamrock Ave in the city of Monrovia. Currently occupied by Church’s Chicken, this can be either a value-add or long-term investment opportunity; the current lease expiration is December 2024 with two ten-year options to extend. This is a passive investment as the tenant is responsible for property taxes, insurance, and expenses; current rent is $57,960 annually with fixed 1.5% annual rent increases for the remainder of the lease term as well as the option periods. Leased and guaranteed by a Church’s Chicken corporate franchisor, Cajun Realty LLC, if the tenant extends the lease, there is long-term investment opportunity with fixed increases annually to hedge against inflation. If the tenant vacates at the expiration of the lease term, there will be a great value-add opportunity to rebrand the property and secure a quality tenant at market rent. This is a rare opportunity to purchase a quality Southern California corner location under a $2 MM price point. The property consists of a 20,673 SF parcel of land improved with 1,320 SF of quick food service with a drive-thru window. A highly desirable retail location with immediate retail synergy with the adjacent shopping center that includes national tenants such as 24-Hour Fitness, Ulta Beauty, Aldi, HomeGoods, O’Reilly Auto Parts, TJ Maxx, and Michael’s. Other restaurant tenant’s joining Church’s Chicken on nearby pad sites include: Taco Bell, The Coffee Bean, McDonalds, Sonic Drive-In, Original Tommy’s, Wienerschnitzel, Yoshinoya and Starbucks. In addition to retail, the subject property is ideally located within a highly dense residential neighborhood and is surrounded by millions of square feet of office and industrial assets.

Investment Highlights

  • 701 E Huntington Dr is a rare NNN retail investment opportunity located on the hard, signalized corner of Huntington Dr & Shamrock Ave in Monrovia, a densely populated neighborhood just off the 210 Fr
  • Currently occupied by Cajun Realty LLC (Church's Chicken), this can be either a value-add or longterm investment opportunity; the current lease expiration is December 2024 with two ten-year options to
  • Passive investment as the tenant is responsible for property taxes, insurance, and expenses; current rent is $57,960 annually with fixed 1.5% annual rent increases for the remainder of the lease term
  • Leased and guaranteed by a Church's Chicken corporate franchisor, Cajun Realty LLC
  • 1,320 SF building on a large 20,673 SF lot with a drive-thru
  • If the tenant extends the lease, long-term investment opportunity with fixed increases annually to hedge against inflation
  • If the tenant vacates at the expiration of the lease term, value-add opportunity to rebrand the property and secure a quality tenant at market rent
  • Rare opportunity to purchase a quality Southern California corner location under a $2 MM price point. Highly desirable retail location with immediate retail synergy with the adjacent shopping center that includes national tenants such as 24-Hour Fitness, Ulta Beauty, Aldi, HomeGoods, O'Reilly Auto Parts, TJ Maxx, and Michael's . In addition to retail, the subject property is ideally located within a highly dense residential neighborhood and is surrounded by millions of square feet of office and

Exclusively Listed By

Financing By

Restaurant

Church's Chicken

Listing Price: $1,700,000

Cap Rate
3.36%
Tenant Name
Church's Chicken
Years Remaining On Lease
2.6
Guarantor
Local or Regional Franchisor
Rentable SF
1,320
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.26

Investment Highlights

  • 701 E Huntington Dr is a rare NNN retail investment opportunity located on the hard, signalized corner of Huntington Dr & Shamrock Ave in Monrovia, a densely populated neighborhood just off the 210 Fr
  • Currently occupied by Cajun Realty LLC (Church's Chicken), this can be either a value-add or longterm investment opportunity; the current lease expiration is December 2024 with two ten-year options to
  • Passive investment as the tenant is responsible for property taxes, insurance, and expenses; current rent is $57,960 annually with fixed 1.5% annual rent increases for the remainder of the lease term
  • Leased and guaranteed by a Church's Chicken corporate franchisor, Cajun Realty LLC
  • 1,320 SF building on a large 20,673 SF lot with a drive-thru
  • If the tenant extends the lease, long-term investment opportunity with fixed increases annually to hedge against inflation
  • If the tenant vacates at the expiration of the lease term, value-add opportunity to rebrand the property and secure a quality tenant at market rent
  • Rare opportunity to purchase a quality Southern California corner location under a $2 MM price point. Highly desirable retail location with immediate retail synergy with the adjacent shopping center that includes national tenants such as 24-Hour Fitness, Ulta Beauty, Aldi, HomeGoods, O'Reilly Auto Parts, TJ Maxx, and Michael's . In addition to retail, the subject property is ideally located within a highly dense residential neighborhood and is surrounded by millions of square feet of office and

Investment Overview

The Neema Group of Marcus and Millichap is pleased to present 701 Huntington Drive, a rare NNN retail investment opportunity located on the hard, signalized corner of Huntington Dr & Shamrock Ave in the city of Monrovia. Currently occupied by Church’s Chicken, this can be either a value-add or long-term investment opportunity; the current lease expiration is December 2024 with two ten-year options to extend. This is a passive investment as the tenant is responsible for property taxes, insurance, and expenses; current rent is $57,960 annually with fixed 1.5% annual rent increases for the remainder of the lease term as well as the option periods. Leased and guaranteed by a Church’s Chicken corporate franchisor, Cajun Realty LLC, if the tenant extends the lease, there is long-term investment opportunity with fixed increases annually to hedge against inflation. If the tenant vacates at the expiration of the lease term, there will be a great value-add opportunity to rebrand the property and secure a quality tenant at market rent. This is a rare opportunity to purchase a quality Southern California corner location under a $2 MM price point. The property consists of a 20,673 SF parcel of land improved with 1,320 SF of quick food service with a drive-thru window. A highly desirable retail location with immediate retail synergy with the adjacent shopping center that includes national tenants such as 24-Hour Fitness, Ulta Beauty, Aldi, HomeGoods, O’Reilly Auto Parts, TJ Maxx, and Michael’s. Other restaurant tenant’s joining Church’s Chicken on nearby pad sites include: Taco Bell, The Coffee Bean, McDonalds, Sonic Drive-In, Original Tommy’s, Wienerschnitzel, Yoshinoya and Starbucks. In addition to retail, the subject property is ideally located within a highly dense residential neighborhood and is surrounded by millions of square feet of office and industrial assets.

Exclusively Listed By

Financing By

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