Shoeteria | NNN Lease | Shadow-Anchored by Smart &… — Sale in La Puente, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Property
- Location: La Puente, CA 91744
Photos
Investment Figures
- Cap rate
- 5.75%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
--Corporate Guaranteed NNN Structure -Guaranty Provided by Work World, a Private Equity-Sponsored Specialty Workwear Platform Operating 38 Locations Across California, Nevada, and Washington, Materially Deeper Credit Than the Single-Store and Local Operators Behind Much of the Comparable Set -Work World Named a New Chief Executive in 2025, Recruited From Red Wing Shoe Company After 23 Years, Most Recently Leading Its North American Work, Hunt, and Retail Division, Signaling Institutional Discipline Behind the Guaranty -Shoeteria's In-Store Boot Fitting, B2B Industrial Accounts, and Mobile Boot Truck Program Are Service-Based and Locally Dispatched, Insulating the Use From E-Commerce Displacement --Established Retail Corridor -Grocery-, Value-, and Warehouse-Anchored Neighbors Generate Weekly Needs-Based Trips Rather Than Discretionary Traffic, Supporting Consistent Customer Counts Across Retail Cycles -461,223 Residents and a $111,367 Average Household Income Within Five Miles, One of the Most Densely Populated and Fully Built-Out Submarkets in the San Gabriel Valley -The San Gabriel Valley's Construction, Warehouse, and Skilled Trade Employment Base Aligns Directly With Shoeteria's Core Customer, Tying Store Demand to Regional Industrial Activity Investment Highlights: • ±9 Years of Corporate-Guaranteed NNN Term With Fixed 3.5% Annual Increases and Two Five-Year Options Extending Potential Occupancy Through 2045 • Property is Located Just Off of the Exits/Entrances to the 10 Freeway (218,000+ Cars Per Day) and the 60 Freeway (237,000+ Cars Per Day) • Shadow-Anchored by Smart & Final; Other Nearby Tenants Include Ross Dress for Less, Food 4 Less, Starbucks, and Big 5 Sporting Goods
Market Context
This retail in La Puente, CA is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in La Puente, CA — view the full market.
Estimated Price per SF
$254.41/SF – $1,850/SF
Mid: $770.95/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact the listing broker
This listing comes from the Marcus & Millichap website. CREhunt does not pass messages to the broker. Contact the broker directly.
- Ron Duong · (949) 350-5431 · ron.duong@marcusmillichap.com
Questions to ask the broker
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- What is the asking price?
- What is the current zoning, and does it allow my intended use?
- How many parking spaces come with the property?
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