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La Puente Pavilion 2 Retail Properties Offered at $12,515,000 in La Puente, CA
Investment Highlights
- Grocery Anchored Shopping Center – Smart & Final operates approximately 255 locations in the Western U.S.
- Smart & Final and Jiffy Lube comprise approximately 72% of the in-place rental revenue stream.
- The surrounding area has average household incomes of approximately $97,863 and $106,429 within a one and three-mile radius of the property.
- Per Placer.ai, the subject property’s Smart & Final location received approximately 539,000 visitors over the trailing 12-month period.
- Approximately 89% of the in-place rental revenue stream has been in occupancy on/before 2015.
- Approximately 81% of the in-place rental revenue stream is comprised of grocery, medical, and automotive uses.
Executive Summary
Indio Plaza is a 138,183 square foot Food 4 Less and dd’s Discounts anchored neighborhood shopping center located in the growing and densely populated Coachella Valley community of Indio, CA. The property is situated along the signalized intersection of California Highway 111 and Monroe Street, and benefits from strong traffic counts of over 46,900 vehicles per day along these thoroughfares. The offering presents the rare opportunity to acquire a seasoned grocery anchored shopping center featuring best-in-class anchor tenancy within a densely populated and growing Southern California submarket.
Indio Plaza features an 81% national and regional credit tenant base and is anchored by a strong performing 58,000 square foot (approximate) Food 4 Less grocer. Additional national and regional tenancy within the collateral includes dd’s Discounts (Ross Stores - BBB+ S&P Rating), Denny’s (freestanding pad), Subway, Flame Broiler, Sally Beauty, and Don Roberto Jewelers.
Indio Plaza features an 81% national and regional credit tenant base and is anchored by a strong performing 58,000 square foot (approximate) Food 4 Less grocer. Additional national and regional tenancy within the collateral includes dd’s Discounts (Ross Stores - BBB+ S&P Rating), Denny’s (freestanding pad), Subway, Flame Broiler, Sally Beauty, and Don Roberto Jewelers.
Property Facts
| Price | $12,515,000 | Number of Properties | 2 |
| Price / SF | $345.98 / SF | Individually For Sale | 0 |
| Cap Rate | 6.25% | Total Building Size | 36,173 SF |
| Sale Type | Investment | Total Land Area | 5.20 AC |
| Status | Active |
| Price | $12,515,000 |
| Price / SF | $345.98 / SF |
| Cap Rate | 6.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 36,173 SF |
| Total Land Area | 5.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
La Puente Plaza
15423-15441 Amar Rd, La Puente, CA 91744 |
Retail | 33,893 SF | 1955 | - |
| 1020 N Hacienda Blvd, La Puente, CA 91744 | Retail | 2,280 SF | 1955 | - |
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