Prime Retail Investment Opportunities: Five Exceptional Active Listings Across California & New Mexico

Maher Commercial Realty presents five compelling retail investment opportunities showcasing the diversity and strength of the automotive, service, and neighborhood retail sectors. From credit-tenant NNN investments to value-add repositioning plays, these properties offer distinct strategies for investors seeking stable cash flow, value creation, or development potential.


⛽ 1101 Yulupa Avenue | Santa Rosa, CA – Valero-Branded Gas Station

Price: $2,199,000 | NNN Lease with Investment-Grade Tenant

Investment Highlights:

  • Tenant: Valero Energy Corporation (NYSE: VLO) – $170B+ annual revenue
  • Lease Structure: Absolute NNN through November 2027
  • Location: Whole Foods-anchored shopping center in affluent Bennett Valley
  • Improvements: Five EMV-compliant dispensers + four double-wall USTs
  • Terminal Value: Full improvement reversion in 2027
  • Traffic: 13,800 VPD | Demographics: $104,000+ average HHI
  • Environmental: Valero handles all compliance and remediation

🔧 1145 US Highway 491 | Gallup, NM – O’Reilly Auto Parts

Price: $2,300,000 | 6.97% Cap Rate | Absolute NNN

Investment Highlights:

  • Tenant: O’Reilly Automotive (NASDAQ: ORLY) – Fortune 500 company
  • Lease: Absolute NNN through 2032 + renewal options to 2047
  • Location: Signalized corner on US Highway 491 (near I-40)
  • Building: Freestanding retail on 56,192 SF corner lot
  • Rent Escalations: 7% every five years
  • Operation: Continuous occupancy since 1999
  • Surroundings: Walmart, McDonald’s, Starbucks, Walgreens

🏪 5960-5964 Florence Avenue | Bell Gardens, CA – Neighborhood Retail Center

Price: $2,195,000 | 5.69% Cap Rate | 100% Occupied

Investment Highlights:

  • Property: 5,850 SF strip center with 5 service-oriented tenants
  • Tenant Mix: Restaurant, juice bar, barber shop, printing, laundromat
  • Leases: Modified Gross with staggered expirations (2023-2026)
  • NOI: $125,236 | Annual Rent: $181,140
  • Location: Primary retail corridor in dense Southeast LA
  • Parking: 21 spaces | Upside: Laundromat paying 32% below market
  • Demographics: High-density residential with limited competition

🚗 21011 Pioneer Blvd | Lakewood, CA – Express Car Wash Conversion

Price: $3,500,000 | Turnkey Business + Real Estate

Investment Highlights:

  • Business: 2024 Gross Profit: $839,718
  • Infrastructure: 80-foot tunnel (expandable to 110 feet)
  • Conversion Cost: $250,000–$500,000 to express model
  • Location: Corner lot at signalized intersection (28,000 VPD)
  • Multiple Income Streams: Car wash, lube shop, C-store, vacuums
  • Recent Upgrades: $700,000 in improvements including new conveyor system
  • Zoning: LKC3 | Access: Immediate 605 Freeway entry

🛠️ 5312-5314 S. Broadway | Los Angeles, CA – Value-Add Mixed-Use

Price: $990,000 | 12.7% Pro Forma Cap Rate

Investment Highlights:

  • Property: 7,500 SF mixed-use (retail + residential)
  • Retail: Two vacant storefronts (one restaurant-built)
  • Residential: Two 5-bedroom units (repositioning opportunity)
  • Price per SF: $132 – well below replacement cost
  • Location: South Broadway corridor near USC/Exposition Park
  • ADU Potential: Detached garage suitable for conversion
  • Ideal For: Value-add investors or owner-users

Investment Comparison

PropertyTypePriceStrategyKey Metric
1101 YulupaGas Station$2,199,000Credit Tenant NNNValero NNN Lease
1145 Hwy 491Auto Parts$2,300,000Passive NNN6.97% Cap Rate
5960 FlorenceRetail Center$2,195,000Stable Cash Flow5.69% Cap Rate
21011 PioneerCar Wash$3,500,000Business Conversion$839,718 Gross Profit
5312 BroadwayMixed-Use$990,000Value-Add12.7% Pro Forma Cap

Why Invest in Retail Properties?

✅ Essential Services Demand

  • Automotive, fuel, and neighborhood services maintain consistent cash flow
  • Recession-resistant tenant bases with daily customer traffic

✅ Multiple Investment Strategies

  • Passive NNN (1145 Hwy 491, 1101 Yulupa)
  • Value-Add Repositioning (5312 Broadway)
  • Business Conversion (21011 Pioneer)
  • Stable Cash Flow (5960 Florence)

✅ Strong Market Fundamentals

  • Neighborhood retail vacancies at historic lows
  • 5-7% annual rent growth in prime corridors
  • Limited new supply due to construction costs

Market Insights

  • Santa Rosa: Whole Foods-anchored centers command 20% rental premiums
  • Gallup: Credit-tenant NNN deals in secondary markets yield 6.5-7.5% caps
  • Bell Gardens: Dense urban infill with limited competing supply
  • Lakewood: Express car washes seeing 20%+ IRR post-conversion
  • South LA: Value-add properties achieving 12%+ pro forma returns

Next Steps for Investors

Interested in these opportunities? Contact us to:

  • Schedule property tours and business reviews
  • Access financial documentation and rent rolls
  • Discuss financing and due diligence timelines
  • Explore 1031 exchange options

About Our Retail Expertise

With numerous successful retail transactions across multiple states, we provide:

  • Market analysis and investment strategy development
  • NNN lease negotiation and credit tenant evaluation
  • Value-add opportunity identification
  • Business operation assessment for automotive properties

Contact us today to schedule viewings of these exceptional retail investment opportunities.


Maher Commercial Realty: Your trusted partner in retail and automotive property investments.

All information deemed reliable but not guaranteed. Buyer to verify all details.

Oron Maher

About the Author

Oron Maher

Founder & Broker-Director, Maher Commercial Realty

Oron Maher is the Founder and Broker-Director of Maher Commercial Realty, a Beverly Hills commercial real estate brokerage serving Greater Los Angeles and Southern California. A licensed California broker and attorney, he has completed more than $500 million in commercial transactions across multifamily, retail, office, industrial, and net lease, advising owners, investors, and institutions on acquisitions, dispositions, leasing, and investment strategy.

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