Auto Parts

Firestone NNN Lease Trophy Location Redevelopment

500 N Pacific Coast Hwy, Redondo Beach, CA 90277

Listing Price: $7,500,000

Cap Rate
7.33%
Tenant Name
Firestone
Years Remaining On Lease
1.4
Gross SF
9,121
Guarantor
Corporate Guarantee
Rentable SF
9,121
Price/Gross SF
$822.28
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.26

Investment Overview

Marcus & Millichap is pleased to present for sale this Firestone
located in Redondo Beach, California. Firestone is located at the
signalized corner of World Famous Pacific Coast Highway and
Berly Street. Traffic Counts at this intersection exceed 71,693
Vehicles Per Day. This is a dense, affluent market, with a full time
population exceeding 400,000 and an average household income
of $164,000 annually. This NNN Leased investment offers a
buyer the opportunity to collect a strong return on capital while
repositioning this trophy asset.
The property is located in a very busy tourist area.Only five minutes
from the property is Redondo Beach Pier, a very popular tourist
spot with over 50 businesses for dining and entertainment and
drawing thousands of visitors each year from around the world.
This 70,000 square-feet open space horseshoe shaped pier is
the largest endless pier located on the California Coast. The
International Boardwalk and Redondo Marina are also located in
close vicinity to this property.
The area surrounding this property is also popular with new
home buyers. Denton Development is only four minutes from this
property and has built a variety of new luxury homes (15 homes
and townhouses on the market now) in this popular beach town.
This Firestone is conveniently located only Eight Miles South of Los
Angeles International Airport (LAX).

Investment Highlights

  • NNN Leased Repositioning Opportunity With Strong In Place Income
  • Signalized Hard Corner of Pacific Coast Highway and Berly Street
  • Very affluent Area; $164,000 Average Household Income with over 400,000 People
  • Located 8 Mile South of Los Angeles International Airport

Exclusively Listed By

Broker of Record

  • Damon Wyler

    Vice President / Regional Manager

    License(s): CA: 01253074

    California

Auto Parts

Firestone NNN Lease Trophy Location Redevelopment

Listing Price: $7,500,000

Cap Rate
7.33%
Tenant Name
Firestone
Years Remaining On Lease
1.4
Gross SF
9,121
Guarantor
Corporate Guarantee
Rentable SF
9,121
Price/Gross SF
$822.28
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.26

Investment Highlights

  • NNN Leased Repositioning Opportunity With Strong In Place Income
  • Signalized Hard Corner of Pacific Coast Highway and Berly Street
  • Very affluent Area; $164,000 Average Household Income with over 400,000 People
  • Located 8 Mile South of Los Angeles International Airport

Investment Overview

Marcus & Millichap is pleased to present for sale this Firestone
located in Redondo Beach, California. Firestone is located at the
signalized corner of World Famous Pacific Coast Highway and
Berly Street. Traffic Counts at this intersection exceed 71,693
Vehicles Per Day. This is a dense, affluent market, with a full time
population exceeding 400,000 and an average household income
of $164,000 annually. This NNN Leased investment offers a
buyer the opportunity to collect a strong return on capital while
repositioning this trophy asset.
The property is located in a very busy tourist area.Only five minutes
from the property is Redondo Beach Pier, a very popular tourist
spot with over 50 businesses for dining and entertainment and
drawing thousands of visitors each year from around the world.
This 70,000 square-feet open space horseshoe shaped pier is
the largest endless pier located on the California Coast. The
International Boardwalk and Redondo Marina are also located in
close vicinity to this property.
The area surrounding this property is also popular with new
home buyers. Denton Development is only four minutes from this
property and has built a variety of new luxury homes (15 homes
and townhouses on the market now) in this popular beach town.
This Firestone is conveniently located only Eight Miles South of Los
Angeles International Airport (LAX).

Exclusively Listed By

Broker of Record

  • Damon Wyler

    Vice President / Regional Manager

    License(s): CA: 01253074

    California

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