1251 4th St - Storefront FOR SALE


Santa Monica, CA 90401- Downtown Santa Monica
$20,218,000 USD
213-298-3593
1251 4th St, Santa Monica, CA for Sale
$20,218,000 USD
Storefront - FOR SALE
1/7
null | 5.5% Cap Rate

1251 4th St
Santa Monica, CA 90401
Downtown Santa Monica


HIGHLIGHTS

  • High Profile & High Credit Single Tenant Net Lease Opportunity
  • Strong Real Estate Fundamentals
  • Offered Free & Clear of Existing Debt

OVERVIEW

Newmark Pacific Capital Markets is pleased to present, to qualified investors, the opportunity to acquire a coastal and high-profile single tenant net leased TJ Maxx (“Property”). Located at 1251 4th Street in Santa Monica California, the Property sits on the signalized hard corner of Arizona Avenue and 4th Street, the heart of Santa Monica’s commercial district. This irreplaceable, infill coastal location is widely known for its heavy pedestrian and tourism traffic. High barriers to entry, disciplined planning under the Downtown Community Plan, and proximity to the Metro E Line reinforce long-term value and stability of this location. TJ Maxx occupies 32,000 square feet on 0.32 acres of land and has operated here since 2009, recently executing their 1st option, expiring in 2032, with two (2) five (5) year options remaining. TJX (NYSE) is the parent company of TJ Maxx and considered one of the most stable and credit-worthy retailers in the world. With a market cap exceeding $175 Billion and 12-month revenues of over $61 Billion, the company continues to outperform its competitors while maintaining a healthy balance sheet and positive net cash position.

FOR SALE DETAILS

PRICE

$20,218,000 USD

PRICE/SF

$632 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TJ Maxx

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,985 SF

ZONING

C3

APN/PARCEL ID

4291-004-007

ASK ABOUT THIS PROPERTY

William BaumanNewmarkMore Info
213-298-3593

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William BaumanNewmarkMore Info
213-298-3593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.