Target - Lomita, CA
2130 Pacific Coast Hwy, Lomita, CA, 90717-2503, US
3,034 m²
Asset Description
Peck Hacienda Plaza is a prime investment opportunity in El Monte, CA. The property is a 28,584 square foot retail strip center that is currently 96% leased to fifteen tenants. The leases are below market rates, averaging $30 per square foot per year.
Strategically located just off Peck Road, Lower Azusa Road, and the 605 freeway, the property enjoys excellent visibility and access. With over 54,000 cars passing by daily, it benefits from high traffic volume. This prime location provides a significant advantage for businesses operating within the property.
...
Attributes
Building area net
2,654 m²
Occupancy
96%
Year built
1980
Media
Investment Highlights
- Highly visible location with excellent accessibility at the corner of Peck Road and Lower Azusa Road.
- Proximity to the 605 freeway offers unrivaled accessibility and visibility for businesses.
- Mix of local and national tenants, including top performers such as O'Reilly Auto Parts and El Pollo Loco.
- Booming suburban daytime population with over 27,000 residents within a 1-mile radius and 219,000 residents within 3 miles.
- Opportunity for new ownership to mark rents to market and substantially increase rental income.
- High-performing El Pollo Loco location with a coveted drive-through, providing the opportunity for parcelization and increased yield.
- Immediate opportunity for NOI growth with current average rents of $30.93/SF and favorable Fair Market Value option terms for tenants.
Contact brokers
Peck Hacienda Plaza (0 Properties)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
27 Aug 2024
