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Shopping Strip

Hacienda Village | Rare San Gabriel Valley Investment Opportunity

2029 S Hacienda Blvd, Hacienda Heights, CA 91745

Listing Price: $13,300,000

Cap Rate
5.75%
Gross SF
23,645
Rentable SF
23,645
Price/Gross SF
$562.49
Lot Size
1.59 acres
Year Built
1963

Investment Overview

--Rare Hacienda Heights Shopping Center

-Rare Offering - Signalized, Corner Location in One of San Gabriel Valley’s Most Exclusive Retail Corridors

-Core Infill Hacienda Heights Retail Asset with Limited Historical Turnover and High Barriers to Entry

-Multiple Tenants at Below-Market Rents or Short-Term or Month-to-Month Leases, Creating an Opportunity to Realize Immediate Upside

-Immediate Proximity to the Rowland Heights and City of Industry Industrial Hub, Encompassing Approximately 50 Million Square Feet and Tens of Thousands of Employees


--Strong Real Estate Fundamentals

-Diverse and Synergistic Mix of Restaurants, Service-Based, and “Daily Traffic Driver” Tenants

-Multiple Points of Ingress and Egress Along S. Hacienda Boulevard and Newton Street

-Excellent Daytime Traffic, Amplified by Several Nearby Educational Facilities (±8,400 Students)

-Dense, Infill Area with Strong Surrounding Demographics, with $118,515 Average Household Income and 395,000+ Population Within Five Miles

-Close Proximity to Credit Tenants, Including Sprouts Farmers Market, Vons, CVS, US Bank in Addition to Several Popular Local Restaurants and Retail Establishments

Investment Highlights

  • Located Along South Hacienda Boulevard (±50,000 Cars Per Day); The Subject Property is the First Major Intersection To and From the 60 Freeway (±400,000 Cars Per Day)
  • Seasoned Tenants: Over 40% of the Gross Leasable Area Has Been Occupied by the Same Business for 25+ Years | Multiple Tenants Have Occupied the Property for 40+ Years
  • Extremely Rare Pylon Signage that Provides Exceptional Exposure for the Subject Property

Exclusively Listed By

Shopping Strip

Hacienda Village | Rare San Gabriel Valley Investment Opportunity

Listing Price: $13,300,000

Cap Rate
5.75%
Gross SF
23,645
Rentable SF
23,645
Price/Gross SF
$562.49
Lot Size
1.59 acres
Year Built
1963

Investment Highlights

  • Located Along South Hacienda Boulevard (±50,000 Cars Per Day); The Subject Property is the First Major Intersection To and From the 60 Freeway (±400,000 Cars Per Day)
  • Seasoned Tenants: Over 40% of the Gross Leasable Area Has Been Occupied by the Same Business for 25+ Years | Multiple Tenants Have Occupied the Property for 40+ Years
  • Extremely Rare Pylon Signage that Provides Exceptional Exposure for the Subject Property

Investment Overview

--Rare Hacienda Heights Shopping Center -Rare Offering - Signalized, Corner Location in One of San Gabriel Valley’s Most Exclusive Retail Corridors -Core Infill Hacienda Heights Retail Asset with Limited Historical Turnover and High Barriers to Entry -Multiple Tenants at Below-Market Rents or Short-Term or Month-to-Month Leases, Creating an Opportunity to Realize Immediate Upside -Immediate Proximity to the Rowland Heights and City of Industry Industrial Hub, Encompassing Approximately 50 Million Square Feet and Tens of Thousands of Employees --Strong Real Estate Fundamentals -Diverse and Synergistic Mix of Restaurants, Service-Based, and “Daily Traffic Driver” Tenants -Multiple Points of Ingress and Egress Along S. Hacienda Boulevard and Newton Street -Excellent Daytime Traffic, Amplified by Several Nearby Educational Facilities (±8,400 Students) -Dense, Infill Area with Strong Surrounding Demographics, with $118,515 Average Household Income and 395,000+ Population Within Five Miles -Close Proximity to Credit Tenants, Including Sprouts Farmers Market, Vons, CVS, US Bank in Addition to Several Popular Local Restaurants and Retail Establishments

Exclusively Listed By

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