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10/29/21
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A 2.4k sf, single-tenant retail property occupied by Starbucks in Ontario was acquired by Truman Johnson Inc in a $4.7 mil ($1,958/sf) deal. The property, located at 511 N Euclid Ave, was sold by a CA-based private investor.
Built in 2021, the property is well-located on Euclid Ave in a major retail corridor with traffic counts of more than 35,000 vehicles per day. Starbucks is signed to a 10-year, NNN lease with scheduled rental increases and minimal landlord responsibilities.
Chris Maling and David Maling with Avison Young represented the buyer. The seller was repped by JLL.
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