9016 Mission Dr, Rosemead, CA 91770

Property Description

The Retail Center offers investor a stabilized and easy to manage investment with excellent current and historical occupancy, consisting of approximately 5,200 square feet of GLA on a combine two parcel of approximately 21,000 square feet of land. Strategically located at the signalized intersection of Rosemead Blvd. and Mission Drive (which has estimated traffic counts of 40,000 cars per day), the center benefits from multi points of ingress and egress and offers tenants and customer ample parking. This offering provides investors with an in-place cap rate of over 5.32% with upside potential through renewing leases at today's market rent which are markedly higher than 3-4 year ago. The retail center has two long term tenant who are on NNN leases, providing investors a stabilized current income stream with very little management. This Retail Center is adjacent to In-N-Out Burger. The Retail Center will be delivered free and clear of debt, allowing an investor the ability to obtain new financing at historically low interest rates. Listing Price is for combine two parcel located on 4226 Rosemead Blvd. & 9016 Mission Drive. APN. 5391016005 & 5391016002