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1136 Puente Ave
San Dimas, CA 91773 Bonita

$10,954,000

Freestanding For Sale  •  11,060 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 11,060 Sq Ft
  • Lot Size 1.79 ac
  • Building Class B
  • Year Built 2017
  • Cap Rate 6.00 %
  • Zoning AP
17 Transit Score
40 Walk Score

Description

The subject property is prominently situated with excellent access at the intersection of Puente Avenue and Via Verde near its junctions with CA-57 and I-10. 
In addition, the property benefits from a prominent location neighboring numerous shopping centers, employers, and major retail tenants. Shopping centers neighboring the site include San Dimas Marketplace, with tenants including Target, Trader Joe’s, Stein Mart, Petco, and more; San Dimas Plaza, featuring TJ Maxx, Harbor Freight Tools, and Dollar Tree; The Marketplace, anchored by CVS and 24 Hour Fitness; The Marketplace East, with tenants including BevMo!, Bed Bath & Beyond, Michael’s, and Kohl’s; The Village West, anchored by TJ Maxx and Homegoods; Eastland Center, anchored by Walmart Supercenter; Covina Square, featuring CVS and Smart & Final Extra!; Foothill Village, with tenants including Lowe’s Home Improvement and Crunch Fitness; Glendora Marketplace, anchored by Sam’s Club and the Home Depot; and more. Other major retail tenants neighboring the site include Costco, Walmart Supercenter, Ikea, Walgreens, ALDI, Albertsons, Cost Plus World Market, and more. 
In addition, the property neighbors numerous major employers and universities. Major employers neighboring the site include General Electric, Tropicana, Morrow-Meadows Corporation, Myers Container Corporation, NFI, Williams Sonoma, HD Supply Facilities, Port Logistics Group, East Lion Corporation, Unical Aviation, Equus Computer Systems, Clemson Distribution, Fortune Dynamic, Nova Electronics, SunLED, and many more.
Significant barriers to entry for comparable facilities exist in this market: as a general rule, inpatient facilities require Conditional Use Permits, which can take more than 12 months to receive. In addition, licenses for all health care facilities in the State of California are processed by a single receiving agency, resulting in backlogs of 8-10 months.

Highlights

Build-to-Suit with New 15-Year Absolute NNN Lease to CareMeridian - Rare 2.5% Annual Rent Increases
Robust Guaranty from Sole Operating Subsidiary of Civitas Solutions, Inc.
Substantial Barriers to Entry: Median Time from Construction Completion to Securing Department of Health Licensure is 9 Months in California
Close Proximity to Numerous Hospitals Provides Durable Referral Base - 2,770+ Hospital Beds and Numerous Level I Trauma Centers
Substantial Tenant Investment in Fit-Out, Indicating Long Term Investment in Site
Cap Rate: 6.00 %

Public Transportation

Commuter RailDriveWalkDistance
Covina Commuter Rail (San Bernardino Line) 10 min - 5.2 mi
Pomona (North) Commuter Rail (San Bernardino Line) 13 min - 7.9 mi
AirportDriveWalkDistance
Ontario International Airport 23 min - 16.2 mi
John Wayne Airport 42 min - 32.8 mi
Long Beach-Daugherty Field Airport 44 min - 33.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes
Mike Maffia 415-373-4060 Preserve West Capital
Mike Maffia 415-373-4060 Preserve West Capital