3534 Peck RdEl Monte, CA 91731

Property Details for 3534 Peck Rd

Year built

1987

Lot size

3.99 AC

Property size (Sq ft)

657,210 SF

Zone code

EMR2*

Property type

Retail properties

Property subtype

Parking lots & garages

APN

8567-014-048

APU

8567014048

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $273,722,944

  6.5%

  $252,667,344

  7%

  $234,619,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $333,840,864

  Geo Method

  $314,937,120

• Alternative Use

  Use

  Valuation

  Residential

  $213,134,352

  Hospitality

  $195,229,920

  Educational

  $162,429,008

  Medical

  $168,015,184

  Retail

  $252,667,344

Location Insight

City

El Monte

County

Los Angeles

State

California

Latitude

34.0706

Longitude

-118.02

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.