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Apollo Auto NNN 11400 Garvey Ave

1,170 SF Retail Building El Monte, CA 91732 £2,559,632 (£2,188/SF) 5% Net Initial Yield

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.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,170 SF
Building Class
B
Year Built
1997
Price
£2,559,632
Price Per SF
£2,188
Net Initial Yield
5%
NOI
£127,982
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Waba Grill
Starbucks
Yoshinoya
Food 4 Less
7 Leaves Cafe
Chase Bank
Alberto's Mexican Food
Smart & Final
Bank of America
Citi

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8105-005-014
  • 8105-005-015
Land Assessment
£1,849,334
Improvements Assessment
£123,289
Total Assessment
£1,972,623
  • Listing ID: 33241444

  • Date on Market: 19/09/2024

  • Last Updated:

  • Address: 11400 Garvey Ave, El Monte, CA 91732

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