15423-15441 Amar Rd - Restaurant FOR SALE


La Puente, CA 91744
$13,130,000 USD
949-271-1170
15423-15441 Amar Rd, La Puente, CA for Sale
$13,130,000 USD
Restaurant - FOR SALE
1/6
null | 6% Cap Rate

15423-15441 Amar Rd
La Puente, CA 91744


HIGHLIGHTS

  • Grocery Anchored Shopping Center – Smart & Final operates approximately 255 locations in the Western U.S.
  • Per Placer.ai, the subject property’s Smart & Final ranks in the 79th percentile in annual customer visits in a 15-mile radius.
  • Smart & Final and Jiffy Lube comprise approximately 72% of the in-place rental revenue stream.
  • Approximately 89% of the in-place rental revenue stream has been in occupancy on/before 2015.
  • Diverse & ecommerce-resistant tenant mix that includes grocery, quick serve restaurant, automotive service, mobile/cellular, medical, and dental uses.
  • Average household incomes of approximately $97,863 and $106,429 within a one and three-mile radius of the property, respectively.

OVERVIEW

La Puente Pavilion is a 36,173 square foot grocery-anchored neighborhood shopping center located in the affluent and supply-constrained Los Angeles community of La Puente, CA. The property is situated on the signalized intersection of Hacienda Blvd. and Amar Rd. Anchored by a 25,713 square foot Smart & Final grocer, La Puente Pavilion boasts a 79% national and regional tenant base. In addition, the subject property features a freestanding Jiffy Lube pad and Verizon as complimentary national tenancy.

FOR SALE DETAILS

PRICE

$13,130,000 USD

PRICE/SF

$363 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Puente Pavilion

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.74 AC

LAND SF

119,354 SF

ZONING

R106

APN/PARCEL ID

8252-021-032,8252-021-033

ASK ABOUT THIS PROPERTY

Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.