Listing Summary
Lakeside Community Healthcare | Passive True NNN Lease
Full Description
Lee & Associates is pleased to present a premier single-tenant medical office (MOB) investment opportunity: Lakeside Community Healthcare, located at 1500 West Covina Parkway. This absolute NNN medical asset offers a secure, long-term income stream in the heart of the eastern Los Angeles County medical corridor.
Investment Highlights
-
True NNN Medical Lease: Features an absolute triple-net (NNN) structure with zero landlord responsibilities, providing a 100% passive income stream for out-of-state 1031 exchange investors.
-
Affiliate of Heritage Provider Network: Backed by a corporate guaranty from Lakeside Medical Organization, an affiliate of one of the nation's largest managed care organizations, ensuring high-credit stability.
-
Proven Historical Occupancy: The tenant has successfully operated at this location for over 20 years (since 2005), demonstrating an exceptional commitment to the site and the surrounding patient base.
-
Recent 2025 Capital Improvements: The asset features brand-new roof and elevator systems (installed 2025), significantly enhancing durability and reducing future capital expenditure (CapEx) for the owner.
Strategic Medical District Location
The property is positioned at the epicenter of West Covina’s primary healthcare and retail hub:
-
Superior Highway Visibility: Located immediately off Interstate 10 (I-10) with exposure to over 193,000 Vehicles Per Day (VPD).
-
Hospital Proximity: Strategically situated near Emanate Health Queen of the Valley Hospital, a 325-bed acute care facility, driving significant referral traffic and medical synergy.
-
High-Density Infill Demographics: Serves a massive population of over 482,000 residents within a five-mile radius, ensuring long-term demand for outpatient services.
-
Ample Parking: Boasts a generous parking ratio of 5:1,000 SF, a critical and highly desirable feature for high-volume medical office buildings in the Los Angeles MSA.
Asset Fundamentals
-
Building Size: 25,836 SF, Two-Story Professional Medical Office.
-
Lot Size: 1.53 Acres (Fee Simple Interest).
-
Stable Revenue Streams: Benefits from the integration into a broader managed care network, providing a hedge against shifting healthcare reimbursement models.
Quick Glance
- Listing ID:
CL-California-27481
- Status:
Active
- Year Build:
1963
- Building Size:
25,836 SqFt
- Lot Size:
1.53 Acre