130 Duarte Rd Arcadia, CA 91006
- Grocery and convenience stores
- 21,000 SF
- 1.31 lot acres
Dec 12, 2024
Current Use by Public Records
- A to Z kitchen Bath Remodeling Arcadia / Construction Company
Property Details for 130 Duarte Rd
- Year built
- 1965
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.31 lot acres
- Property size
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,405,000
- ML approach
- $5,490,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,500,000
- 6.5%
- $5,075,000
- 7%
- $4,710,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,011,000
- AI Estimate
- $3,294,000
Market price range: $6.99M - $11.1MMarket price range: $1.35M - $6.07M
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Location Insight
- Map
- Local Demand
- City
- Arcadia
- County
- Los Angeles
- State
- California
- Longitude
- -118.026
- Latitude
- 34.1299
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA