1119 W Pacific Coast Hwy - Freestanding FOR SALE
Wilmington, CA 90744 |
1119 W Pacific Coast Hwy
Wilmington, CA 90744
HIGHLIGHTS
- New Lease - The tenant, Awakenings CBD, just signed a new 5-year lease at this location.
- Passive Ownership - The property has an Absolute NNN lease with zero landlord responsibilities.
- Excellent Rental Increases – The lease has rare 5% annual rental increases, providing an excellent hedge against inflation.
- Dense Demographics – The 5-mile population is over 452,897 within a 5-mile radius with an average household income $99,702.
- Heavily-Trafficked Corridor – Traffic counts on Pacific Coast Highway are north of 51,000 vehicles per day.
- 2014 Construction – Newer construction building with 9,728 SF GLA and a .54 AC lot.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront Retail/Office
TOTAL BUILDING SIZE
9728
STORIES
1
YEAR BUILT
1947
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
7414-024-034
