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    3534 Peck Rd El Monte, CA 91731

    Sponsored
    For Sale
    $35,272,000

    126,000 SF Target, 15-year lease, high NOI.

    Property size:
    125,974 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple interest in a brand-new, 125,974-square-foot Target store located in El Monte, California. The property, built in 2024, sits on an 8.31-acre lot and boasts a 100% occupancy rate with a single tenant, Target, under a triple-net (NNN) lease. The lease commenced October 1, 2023, and has a remaining term of approximately 14.9 years, with four five-year renewal options. The current lease includes 10% rent increases every five years, ensuring consistent income growth. The property generates a substantial net operating income (NOI) of $1,763,639, resulting in a 5.00% cap rate. The asking price is $35,272,000, translating to $279.99 per square foot. This prime retail location is situated in a high-income, densely populated area of Los Angeles County, adjacent to major roadways and high-volume car dealerships, including the nation's top-performing dealership. The property's zoning is EMC3, and its location benefits from strong demographics, with average household incomes exceeding $105,000 within a five-mile radius. Target, a credit-rated tenant, is the sixth-largest retailer globally, providing significant investment security. This is a rare opportunity to acquire a state-of-the-art, passively managed retail asset with exceptional long-term growth potential. The property's address is 3534 Peck Rd, El Monte, CA 91731, and its APN is 8567-015-059.

    Property Features for 3534 Peck Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    125,974 SF
    Lot Size
    361,984 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • National investment‑grade tenant Target (NYSE: TGT) on a new 15‑year lease.
    • Target boasts an A2 (Moody's) / A (S&P) credit rating and a market cap exceeding $66 billion.
    • Passive investment with a new 15‑year lease (2024 start), 10% rent increases every 5 years, and four 5‑year options.
    • Minimal landlord responsibilities; Target is redeveloping this location.
    • Newly renovated, state‑of‑the‑art Target store.
    • Densely populated area: 38,000+ people within 1 mile, average household income exceeding $73,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm PEC HVAC Care Hvac Contractor Penske Motor Group Car Dealer Toyota Parts Auto Parts Store Longo Toyota Toyota Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Monte
    County
    Los Angeles
    State
    California
    Longitude
    -118.0217859
    Latitude
    34.0694612

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    FAQs

    What type of property is this?
    Individual retail property - 126,000 SF Target, 15-year lease, high NOI.
    Where is this individual retail property located?
    The property is located at 3534 Peck Rd El Monte, CA.
    What is the asking price?
    The asking price for this property is $35,272,000.
    What are key features of this property?
    This property features: National investment-grade tenant Target (NYSE: TGT) on a new 15-year lease.; Target boasts an A2 (Moody's) / A (S&P) credit rating and a market cap exceeding $66 billion.; Passive investment with a new 15-year lease (2024 start), 10% rent increases every 5 years, and four 5-year options.
    Request Owner's contact information
    3534 Peck Rd El Monte, CA 91731
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    El Monte, CA 91731
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3534 Peck Rd El Monte, CA 91731
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