2130 Pacific Coast Hwy - Supermarket FOR SALE


Lomita, CA 90717
$13,455,000 USD
949-725-8507
2130 Pacific Coast Hwy, Lomita, CA for Sale
$13,455,000 USD
Supermarket - FOR SALE
1/5
null | 5.4% Cap Rate

2130 Pacific Coast Hwy
Lomita, CA 90717


HIGHLIGHTS

  • Irreplaceable Los Angeles Infill Location – a rare NNN investment in one of the most supply constrained, high-demand markets in the country
  • Secure, Long-Term Lease – Newly executed 10-year lease (±8.5 years remaining) with four 5-year and one 4-year and 11-month options
  • Demonstrated Tenant Commitment – Target invested ~$8.75 million in the buildout of this location cementing their commitment to this location
  • Exceptional Visibility and Access – Positioned at the signalized hard corner of Pacific Coast Highway (±51,200 CPD) & Narbonne Ave (±14,200 CPD)
  • Significant Pacific Coast Highway Frontage – The property benefits from its clear visibility with over 425 feet of frontage along PCH
  • Dense Daytime Population – A captive daytime population of 175,000 residents within a 3-mile radius, underpinned by more than 20,300 multifamily units

OVERVIEW

* Irreplaceable Los Angeles Infill Location – Target represents a rare single-tenant NNN investment in one of the most supply constrained, high-demand markets in the country, driven by the South Bay’s historical economic strength, population density, and proven value retention * Secure, Long-Term Lease – Newly executed 10-year lease (±8.5 years remaining) with four 5-year and one 4-year and 11-month options, and attractive 10% rent bumps every five years, eliminating near-term leasing responsibility and capital costs * Demonstrated Tenant Commitment – Target invested ~$8.75 million in the buildout of this location cementing their commitment to this location * Exceptional Visibility and Access – Positioned at the signalized hard corner of Pacific Coast Highway (±51,200 CPD) and Narbonne Ave (±14,200 CPD) with three points of ingress/egress and 154 surface parking stalls * Significant Pacific Coast Highway Frontage – The property benefits from its clear visibility with over 425 feet of frontage along PCH * Dense Daytime Population – A captive daytime population of 175,000 residents within a 3-mile radius, underpinned by more than 20,300 multifamily units, 12.3M SF of industrial, and more than 9M SF of retail, ensures a consistent and diverse customer base

FOR SALE DETAILS

PRICE

$13,455,000 USD

PRICE/SF

$413 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Target

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

154

LAND DETAILS

LAND ACRES

2.66 AC

LAND SF

115,870 SF

ZONING

CR

APN/PARCEL ID

7553-006-159

ASK ABOUT THIS PROPERTY

Jimmy SlusherCBRE, Inc.More Info
949-725-8507

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Jimmy SlusherCBRE, Inc.More Info
949-725-8507

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