For Sale
$13,130,000

15427 Amar RdLa Puente, CA 91744

Grocery-anchored center, high NOI, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 36,173 square foot grocery-anchored shopping center in La Puente, CA, presents a compelling investment opportunity. Anchored by a high-performing Smart & Final (25,713 sq ft), the property boasts a diverse tenant mix including a Jiffy Lube and Verizon, contributing to a strong and stable income stream. Built in 1955 and renovated in 2014, the center sits on a 2.74-acre lot at the signalized intersection of Hacienda Blvd. and Amar Rd., benefiting from high traffic counts (approximately 60,355 vehicles daily) and proximity to the 60 Freeway (approx. 245,000 vehicles daily). The property's strong financial performance is highlighted by a 6.00% cap rate and a Net Operating Income (NOI) of $787,714. The weighted average lease term remaining is approximately 4.6 years, providing a secure long-term income stream. Approximately 81% of the rental income is derived from grocery, medical, and automotive tenants, creating a resilient and e-commerce resistant portfolio. The Smart & Final anchor alone receives approximately 570,000 visitors annually, ranking in the 79th percentile within a 15-mile radius and the 70th percentile company-wide. The inclusion of a freestanding Jiffy Lube pad offers additional flexibility and exit strategies. The affluent surrounding community, with average household incomes exceeding $97,000 within a one-mile radius, further strengthens the investment potential. The property's APN is 8252-021-032, 8252-021-033. Asking price is $13,130,000.

Highlights

  • Grocery-anchored shopping center with a strong-performing Smart & Final, a publicly traded company.
  • Smart & Final boasts high foot traffic, ranking in the top percentiles for customer visits within 15 miles and company-wide.
  • Low-risk investment with Smart & Final and Jiffy Lube comprising 72% of rental income.
  • Grocery, medical, and automotive tenants account for 81% of rental income.
  • Includes a freestanding Jiffy Lube pad, offering multiple exit strategies.
  • 4.6-year weighted average lease term provides a secure, long-term income stream.

Property Details for 15427 Amar Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
36,173 SF
Year Built/Renovated
1955/2014
Lot Size (sq. ft)
119,354 SF

Location Insight

City
La Puente
County
Los Angeles
State
California
Latitude
34.037697
Longitude
-117.948853
15427 Amar Rd, La Puente, California

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15427 Amar Rd
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