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316 S Pacific Coast Highway, Redondo Beach, CA

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316 S Pacific Coast Highway

Redondo Beach, CA 90277-3729 - Beach Cities/Palos Verdes Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:2006
Building Size:14,613 SF Land Area:1.45 AC (63,162 SF)
For Sale Price:$14,650,000 Price/SF:$1,002.53
Cap Rate:3.43 %
Parking:66 Surface spaces are available; Ratio of 4.51/1,000 SF

Sale Notes:
- Single Tenant: 14,595 square foot freestanding CVS/Pharmacy.
- Lease Term: 15 years remaining on the primary lease term with three 5-year renewal options.
- Rare 10% Rental Increases: Minimum 10% escalation at 1st option, 5% each additional option.
- Absolute Net Lease: Tenant is responsible for CAM, taxes, insurance, parking structure maintenance and replacement of the roof membrane
- Irreplaceable Corner: Signalized intersection location with strong traf c counts.
- Located in the Extemeley Desirable South Bay Area of Los Angeles: Average household income of $127,443 within a 1-mile radius.
- Dense, In ll Location: Highly populated location within two blocks of the Paci c Ocean.

Lee & Associates
Keith Fielding
(310) 899-2719

Tom Isola
(310) 899-2700

Tibor Lody
(310) 899-2720

Matt Solomon
(310) 899-2700

Aleks Trifunovic
(310) 899-2721

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