Retail Business for Sale in El Monte, CA

  • Price: $35.3M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: El Monte, CA 91731
  • Size: 125,974 SF

Description

Newmark Pacific Capital Markets is pleased to present to qualified investors the rare opportunity to acquire the fee simple interest in a new single tenant NNN full-sized Target (“Property”) in the dynamic El Monte submarket of Los Angeles. The Property is comprised of a 125,974 square foot full-sized Target store on approximately 8.31 acres of land. Target executed a new 15-year lease with 10% increases every five (5) years and four (4) five (5) year options to extend. Target and the Landlord have made a very large capital investment in this property and the result is stunning. Target opened their new “state-of-the-art” facility on October 13, 2024. El Monte is located approximately 12 miles from Downtown Los Angeles and considered the hub of the San Gabriel Valley where Interstates 10 and 605 intersect. It is home to a dense and diverse consumer base and daytime population. The outstanding demographic profile of this submarket includes 221,887 people with AHHI exceeding $96,000 within 3 miles and over 537,000 people with an AHHI of $105,000 within 5 miles. This business-friendly city services the San Gabriel Valley and is home to some of the most successful car dealerships in the country. The Property sits adjacent to Longo Lexus and Longo Toyota, the #1 volume & sales auto dealership in the United States. Other notable retailers in El Monte Center include Planet Fitness, Wendy’s, Yoshinoya, and three pending national drive-thru tenants. This is a very rare opportunity to acquire a brand new, state of the art Target on a long-term lease located in a very desirable infill, Los Angeles submarket.

Market Context

This retail in El Monte, CA is listed for sale at $35,272,000 across 125,974 SF. It has been on the market for 8 days. Compare it against other retail listings for sale in El Monte, CA — <a href="/search/sale/retail/california/el-monte">view the full market</a>.

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