130 Duarte RdArcadia, CA 91006

Property Details for 130 Duarte Rd

Year built

1965

Construction

TILT-UP CONCRETE

Lot size

1.31 AC

Property size (Sq ft)

21,000 SF

Zone code

ARC1D*

Property type

Grocery and convenience stores

APN

5781-006-049

APU

5781006049

Description

This exceptional investment opportunity presents a 21,000-square-foot Dollar Tree store located at 130 E Duarte Rd, Arcadia, CA 91006. The property boasts a strong 4.50% cap rate and a substantial net operating income (NOI) of $286,444. Situated on a 1.31-acre lot at a hard-corner, signalized intersection with over 32,900 vehicles per day, this location benefits from high visibility and accessibility. The absolute NNN lease with Dollar Tree (a Fortune 500 company) has a remaining term of 7.2 years, commencing January 5, 2020, and expiring January 31, 2032. Rent increases of 8% every 5 years provide inflation-resistant cash flow. The property is currently undergoing renovations and enjoys 100% occupancy. Its strategic location is proximate to Santa Anita Park and The Shops at Santa Anita, a 1.5 million-square-foot super-regional mall, and surrounded by numerous national retailers. The surrounding area has a high population density and average household income of approximately $131,457 within a 5-mile radius. This is a rare opportunity to acquire a high-quality, credit-rated, net lease investment in the desirable San Gabriel Valley. The below-market rent of $13.64 per square foot presents low downside risk.

• CAP approach

  CAP return

  Valuation

  6%

  $8,271,888

  6.5%

  $7,635,589

  7%

  $7,090,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,021,366

  Geo Method

  $10,063,267

• Alternative Use

  Use

  Valuation

  Residential

  $6,440,905

  Hospitality

  $5,899,834

  Educational

  $4,908,593

  Medical

  $5,077,407

  Retail

  $7,635,589

Location Insight

City

Arcadia

County

Los Angeles

State

California

Latitude

34.1299

Longitude

-118.026

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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