Current Use by Public Records
- Retail properties & Spaces
Property Details for 15427 Amar Rd
- Year built
- 1955
- Lot size
- 2.74 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Puente
- County
- Los Angeles
- State
- California
- Longitude
- -117.949
- Latitude
- 34.0377
