Retail Business for Sale in Montebello, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Montebello, CA 90640

Description

Marcus & Millichap is pleased to offer for sale, the fee simple interest in a Walgreens in Montebello, CA. This single-story ±14,775 SF freestanding Walgreens was built in 2005 on a ±0.99 AC lot with 40+ parking spaces and is located at 1501 W Whittier Blvd in Montebello, California (Los Angeles County). The property is situated on a prime signalized hard corner within a dense infill retail corridor. The property offers exceptional visibility and access at the intersection of Whittier Blvd & Maple Ave, which carries 37,300+ combined VPD. Montebello is a built-out Los Angeles County submarket with strong underlying real estate fundamentals that support long-term residual value and downside protection. Area demographics are outstanding, with 604,900+ residents within a 5-mile radius and average household income of approximately $102,850 within a 3-mile radius. The site is surrounded by major national retailers including Target, Home Depot, 7-Eleven, McDonald’s, O’Reilly Auto Parts, AutoZone, and more, and also benefits from close proximity to the Citadel Outlets, one of the region’s premier outlet destinations. Investment Highlights: • STRONG STORE SALES – High-performing Walgreens location with strong reported store sales; inquire with broker for details. • IRREPLACEABLE LOS ANGELES COUNTY REAL ESTATE / MONTEBELLO INFILL – Prime signalized corner location on Whittier Blvd in a dense, infill Los Angeles County submarket that supports long-term value. • DENSE, AFFLUENT DEMOGRAPHICS – Exceptional consumer base with 604,900+ residents within 5 miles and $102,850+ average household income within 3 miles. • HIGH-TRAFFIC HARD CORNER / EXCELLENT VISIBILITY – Positioned at a signalized hard-corner intersection with 37,300+ combined VPD, offering outstanding visibility, access, and daily consumer exposure. • DOMINANT RETAIL CORRIDOR / NATIONAL RETAIL SYNERGY – Surrounded by major national retailers including Target, Home Depot, 7-Eleven, McDonald's, O'Reilly Auto Parts, AutoZ

Market Context

This retail in Montebello, CA is listed for sale. It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 53 days. Compare it against other retail listings for sale in Montebello, CA — <a href="/search/sale/retail/california/montebello">view the full market</a>.

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