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2218-2298 S. Garey Avenue
Pomona, CA 91766
Asking Price
Contact for price
Asset Type
Shopping Center Retail
Class
Class B
What's Special
2218-2298 S. Garey Avenue, Pomona, CA 91766 <ul><li>ANNUAL RENT BUMPS | 10% VACANCY | PROJECTED 30% NOI GROWTH OVER 5 YEARS</li><li>FLEXIBLE ZONING | SPECIFIC PLAN ALLOWS HIGH DENSITY RESIDENTIAL, MEDICAL, OFFICE</li><li>GENTRIFYING TRADE AREA | 130 TOWNHOMES RECENTLY BUILT ON ADJACENT PARCELS</li><li>AREA SHOP SPACE IS UNDER-SERVED | RECENT RESI DEVELOPMENT HAS REMOVED OLDER RETAIL</li><li>TARGET, WALMART, FOOD 4 LESS, CARDENAS PROVIDE A STRONG CONSUMER DRAW</li><li>EXCELLENT STREET FRONTAGE AND VISIBILITY WITH QSR DRIVE THRU AND S
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
