Target 3534 Peck Rd, El Monte, CA 91731

• Target (NYSE: TGT) is the 6th largest retailer in the world with over $107 billion in sales, 1,956 stores, and 440,000 employees.
• In 2023, Target ranked #32 on the Fortune 500 list of largest U.S. corporations by total revenue and currently has a market cap that exceeds $66 billion.
• Investment grade credit rating of A2 (Moody’s) and A (S&P).

Passive Investment Opportunity

• New 15 year lease commencing in 2024 with 10% increases every 5 years and four (4) five (5) year options to extend.
• Passive opportunity with no management and minimal landlord obligations.
• Target is investing significant capital into the redevelopment of this location, further proving their overall commitment and confidence in this location.
• Newly renovated state of the art Target store.

Densely Populated, Infill, High Income, And Expanded Trade Area

• More than 38,000 people within 1 mile with an Average Household Income exceeding $73,000.
• More than 221,800 people within 3 miles with an Average Household Income exceeding $96,000.
• More than 537,000 people within 5 miles with an Average Household Income exceeding $105,000.
• The new density mandated under the State Housing Element law, El Monte’s RHNA allocation for 2021-2029 is a total of 8,502 units. This future density will further enhance the overall demand on retail in El Monte.
• Penske’s Longo Toyota is the #1 volume and sales dealership in the United States, providing an expanded trade area of consumers that travel over 50-miles to visit this location.

Strong Demographics and location

• Outstanding Freeway adjacent to Longo Lexus and Longo Toyota, the nation’s highest volume automotive dealership.
• High quality demographics in the surrounding area with average household incomes in excess of $105,000 per year.