Apollo Auto NNN | 11400 Garvey Ave
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Apollo Auto NNN 11400 Garvey Ave
1,170 SF Retail Building El Monte, CA 91732 $4,592,603 CAD ($3,925 CAD/SF) 5% Cap Rate
Investment Highlights
- Prime San Gabriel Valley STNL offering presents an ideal 1031 exchange
- NNN Lease Structure
- Hard Corner Location just one block off the heavily traveled Garvey Ave/Peck Rd intersection with more than 45,161 cars per day
- Tremendous Future Residential Redevelopment Opportunity
- Strong 3% Annual Rent Increases
- Infill San Gabriel Valley Demographics boasting over 197,943 residents having an AHHI of $97,936 within three miles
Executive Summary
CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for 11400 Garvey Ave in El Monte, Los Angeles County, CA (“the Property”). Situated on a 22,510 SF lot, the Property is 100% occupied by Apollo Auto, an established car dealership, who will execute a NNN leaseback of the site at close of escrow.
11400 Garvey Ave presents an extremely rare opportunity to purchase a single tenant net lease asset in the San Gabriel Valley with a growing cash flow stream and affords savvy investors/developers the future ability to redevelop the hard-corner site to accommodate a vertical residential development.
11400 Garvey Ave presents an extremely rare opportunity to purchase a single tenant net lease asset in the San Gabriel Valley with a growing cash flow stream and affords savvy investors/developers the future ability to redevelop the hard-corner site to accommodate a vertical residential development.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,170 SF
Building Class
B
Year Built
1997
Price
$4,592,603 CAD
Price Per SF
$3,925 CAD
Cap Rate
5%
NOI
$229,630 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
M/MU - 8105-005-014 – M/MU - Mixed/Multiuse Zoning District
8105-005-015 – R-3 - Medium-density Multiple-family Dwelling Zoning District
Parking
36 Spaces (6 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $218,141 CAD | |
| Land Assessment | $3,272,110 CAD | Total Assessment | $3,490,251 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,272,110 CAD
Improvements Assessment
$218,141 CAD
Total Assessment
$3,490,251 CAD
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Apollo Auto NNN | 11400 Garvey Ave
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