11400 Garvey Ave El Monte, CA 91732
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El Monte, CA: Net lease auto shop investment.
Property size:
1,170 SFProperty Features for 11400 Garvey Ave
General Information
- Property type
- Automotive properties
- Square Feet
- 1,170 SF
- Lot Size
- 22,216 SF
Building Details
- Year Renovated
- 1997
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: CBRE Ontario Listing Agent: Justin Marlowe
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a single-tenant, net-leased auto shop in El Monte, California. The property, located at 11400 Garvey Ave, boasts 1,170 square feet on a 0.51-acre lot and is currently 100% occupied by an established car dealership under a three-year NNN lease. The asking price is $3,240,000, representing a 5.00% cap rate with a current NOI of $162,000. The building, constructed in 1997, sits on a hard corner lot at the intersection of Garvey Ave and Dee Ave, benefiting from high visibility and traffic counts exceeding 45,161 vehicles daily. The property's M/Mu zoning allows for potential future redevelopment into a residential project upon lease expiration. The lease includes annual rent increases of 3%, ensuring a growing income stream. The property's location within the densely populated San Gabriel Valley offers strong demographics, with over 197,943 residents within a three-mile radius and an average household income exceeding $97,936. This presents a compelling opportunity for investors seeking a low-management, high-return investment with significant long-term potential. The NNN lease structure ensures minimal owner responsibilities, making this an ideal 1031 exchange candidate. The property's location and zoning create high barriers to entry for future competition.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apollo Auto
Car Dealership
Location Insight
- Map
- Local Demand
- City
- El Monte
- County
- Los Angeles
- State
- California
- Longitude
- -118.0290757
- Latitude
- 34.0621307
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FAQs
What type of property is this?
Automotive property - El Monte, CA: Net lease auto shop investment.
Where is this automotive property located?
The property is located at 11400 Garvey Ave El Monte, CA.
What is the asking price?
The asking price for this property is $3,240,000.
What are key features of this property?
This property features: Ideal 1031 exchange opportunity: Prime San Gabriel Valley single-tenant, net-leased (STNL) property requiring minimal owner management.; Significant residential redevelopment potential: MMU/R3 zoning allows for future residential conversion after lease expiration, with potential cash flow during the entitlement process.; Triple-net (NNN) lease structure: Apollo Auto is responsible for all property expenses, offering a hands-off investment.
