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Chick-fil-A 3340 Santa Anita Ave 4,200 SF Retail Building El Monte, CA 91731 $9,950,000 ($2,369.05/SF) 4.27% Cap Rate
Investment Highlights
- One-of-a-kind single tenant absolute NNN fee simple opportunity to own a successful and standalone 4,000-SF QSR and fast-food restaurant building.
- Built specifically for Chick-fil-A, whose lease commenced on 1/29/2024 for a 15-year lease term, with four, five-year options to renew.
- Highly visible with 193 feet of frontage on Santa Anita Avenue and direct I-10 visibility and access, making this an easy stop when traveling in SGV.
- Be surrounded by a high-spending demographic of El Monte within a 5-mile radius of the property, representing $5.6 billion in total consumer spending.
Executive Summary
Discover this single-tenant, absolute NNN (triple net), fee simple opportunity located at 3340 Santa Anita Avenue in El Monte, California. The property features a newly constructed 4,200-square-foot building situated on approximately 1.89 acres (49,920 square feet) of land. Built in 2024, the single-story building offers modern design and functionality, ideal for long-term investment stability. The site includes 35 surface parking spaces, providing an excellent parking ratio of 8.33 spaces per 1,000 square feet.
Fully occupied and developed specifically for Chick-fil-A, the lease commenced on January 29, 2024, for a 15-year term with four five-year renewal options. This corporate lease guarantee is secured by Atlanta-based Chick-fil-A Inc., a family-owned, privately held restaurant company dedicated to serving the communities where its restaurants operate. Credited with inventing the chicken sandwich, Chick-fil-A serves nutritious, freshly prepared food in more than 1,800 restaurants in 40 states and Washington, DC.
Positioned in a suburban setting, the property benefits from exceptional visibility and accessibility with frontage along both the Interstate 10 and Santa Anita Avenue, which collectively see approximately 308,042 vehicles per day. El Monte sits approximately 12 miles east of Downtown Los Angeles and is located at the interchange of Interstates 10 and 605. It covers about 10 square miles and includes residential, retail, industrial, and office land uses. The city markets itself as business-friendly, with retail/tourism elements (notably auto dealerships), as well as industrial, manufacturing, logistics, and distribution presence, due to freeway access and proximity to major Southern California freight routes.
Fully occupied and developed specifically for Chick-fil-A, the lease commenced on January 29, 2024, for a 15-year term with four five-year renewal options. This corporate lease guarantee is secured by Atlanta-based Chick-fil-A Inc., a family-owned, privately held restaurant company dedicated to serving the communities where its restaurants operate. Credited with inventing the chicken sandwich, Chick-fil-A serves nutritious, freshly prepared food in more than 1,800 restaurants in 40 states and Washington, DC.
Positioned in a suburban setting, the property benefits from exceptional visibility and accessibility with frontage along both the Interstate 10 and Santa Anita Avenue, which collectively see approximately 308,042 vehicles per day. El Monte sits approximately 12 miles east of Downtown Los Angeles and is located at the interchange of Interstates 10 and 605. It covers about 10 square miles and includes residential, retail, industrial, and office land uses. The city markets itself as business-friendly, with retail/tourism elements (notably auto dealerships), as well as industrial, manufacturing, logistics, and distribution presence, due to freeway access and proximity to major Southern California freight routes.
Sale Flyer
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,200 SF
Building Class
B
Year Built
2024
Price
$9,950,000
Price Per SF
$2,369.05
Cap Rate
4.27%
NOI
$424,788
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.89 AC
Parking
35 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
193’ on Santa Anita Avenue
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
About West SGV Retail
The Western San Gabriel Valley area comprises a large portion of Los Angeles County directly to the east of Downtown Los Angeles. It is one of the most ethnically diverse areas in the country. Communities in the area are family friendly and offer an outstanding quality of life. Residents have innumerable options for retail, restaurants, and entertainment at their disposal.
Highways in the area, including interstates 10 and 210 and state highway 60, provide great connectivity to other cities in the San Gabriel Valley and beyond. Residents can easily access many major employment centers in Greater Los Angeles, Orange County, and the Inland Empire.
The area provides strong demographics, with high population densities and solid incomes. These factors offer an enviable consumer base, which makes the location compelling for retailers of all categories and sizes, from local mom-and-pops to national retailers.
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
33,944
212,319
530,903
2029 Population
33,545
209,367
523,824
2024-2029 Projected Population Growth
-1.2%
-1.4%
-1.3%
Median Age
38.2
40.3
41.5
College Degree + Higher
12%
19%
25%
Daytime Employees
12,400
81,440
191,323
Total Businesses
1,866
9,522
22,339
Average Household Income
$83,771
$99,483
$110,525
Median Household Income
$62,532
$75,333
$85,075
Total Consumer Spending
$285.7M
$2B
$5.6B
2024 Households
9,100
58,245
154,471
Average Home Value
$690,234
$748,341
$783,985
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Papa Johns Pizza | - | - | 8 min walk |
| Taco Ensenada | Mexican | $ | 9 min walk |
| Starbucks | Cafe | $ | 10 min walk |
| Subway | - | - | 10 min walk |
| Seasons Produce | - | - | 10 min walk |
| Little Caesars | - | - | 10 min walk |
| Flame Broiler | Fast Food | $$$ | 12 min walk |
| Jersey Mike's Subs | - | - | 12 min walk |
| Jack In The Box | - | - | 12 min walk |
| Wingstop | - | - | 12 min walk |
Retail |
||
|---|---|---|
| Ace Hardware | Hardware | 4 min walk |
| Five Below | Dollar/Variety/Thrift | 13 min walk |
| Petco | Animal Care/Groom | 13 min walk |
| Ross Dress for Less | Other Retail | 13 min walk |
| Superior Grocers | Supermarket | 13 min walk |
| Health Mart Pharmacy | Drug Store | 14 min walk |
| UFC Gym | Fitness | 13 min walk |
| Chase | Bank | 14 min walk |
Hotels |
|
|---|---|
| BW Signature Collection |
63 rooms
4 min drive
|
| Holiday Inn |
142 rooms
4 min drive
|
| Hilton |
222 rooms
7 min drive
|
| Sheraton Hotel |
288 rooms
7 min drive
|
| Courtyard |
289 rooms
8 min drive
|
| Holiday Inn |
136 rooms
8 min drive
|
Property Taxes
| Parcel Numbers | Improvements Assessment | $42,954 | |
| Land Assessment | $2,283,505 | Total Assessment | $2,326,459 |
Property Taxes
Parcel Numbers
Land Assessment
$2,283,505
Improvements Assessment
$42,954
Total Assessment
$2,326,459
Sale Advisors
Sale Advisors
Jim Ridens, Senior Vice President
Jim Ridens joined Lee & Associates - Ontario as a Senior Vice President in 2012. With more than 25 years of experience in industrial real estate, the Minnesota native has added an extensive knowledge of the Inland Empire market to his resume.
After starting his brokerage career in 1987, Ridens started Ridens & Associates in 1994. He currently specializes in the industrial market and focuses on the Inland Empire, mainly Rancho Cucamonga, Ontario and Chino. Recently, Ridens represented the seller for the $7.2 million Rancho Cucamonga Jersey Business Park sales transaction. Notable clients of his include Turner Development, Bakken Industrial Properties and Rountree Investments.
After starting his brokerage career in 1987, Ridens started Ridens & Associates in 1994. He currently specializes in the industrial market and focuses on the Inland Empire, mainly Rancho Cucamonga, Ontario and Chino. Recently, Ridens represented the seller for the $7.2 million Rancho Cucamonga Jersey Business Park sales transaction. Notable clients of his include Turner Development, Bakken Industrial Properties and Rountree Investments.
Neil Ridens, Associate
Neil Ridens is an Associate of Lee & Associates based out of Ontario CA. Neil specializes in industrial and land assets focused in the Inland Empire Market of Southern California. Ridens graduated from the University of Mississippi.
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Chick-fil-A | 3340 Santa Anita Ave
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