Shopping Community

Harbor Freight Tools & Goodwill

15214 Whittier Blvd, Whittier, CA 90603

Listing Price: $12,127,500

Cap Rate
5.37%
Gross SF
33,087
Rentable SF
33,087
Price/Gross SF
$366.53
Lot Size
3.25 acres
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to present, the opportunity to acquire a well located 33,087 square feet dual tenant retail investment, occupied by strong corporate guaranteed tenants Harbor Freight Tools and Goodwill Industries of Southern California. Harbor Freight Tools occupies 19,427 square feet and has close to eight years remaining on their lease with favorable 12.5 percent increases every five years. Goodwill Industries of Southern California occupies 13,660 square feet and has over four years remaining with stable annual increases of 2 percent. 15214 Whittier Boulevard is located on one of the busiest and most dense retail corridors in Southern California with over 36,000 cars per day. Whittier Boulevard spans over 14 miles going through several cities from East Los Angeles to South Orange County. The property benefits for exceptional demographics with over $100,000 average household income and over 436,000 people in a five mile radius. Nearby tenants include: Target, Trader Joes, VONS, Ralphs, CVS, Kohls, BEVMO, Sprouts, HomeGoods, Joann Fabrics, UTLA, Office Depot, McDonalds, Starbucks, BofA, Chick-a-fila, Del Taco, Carl’s Jr., Amazon Fresh and many more.

Investment Highlights

  • Iconic Dense Whittier Retail Corridor - Directly Across Amazon Fresh Grocery Shopping Center
  • Corporate Guaranteed Leases – National Credit Tenants
  • Long Term Recent Harbor Freight Lease with Attractive 12.5 Percent Increases Every Five Years, Next Increase 2023
  • Steady Two Percent Annual Increases on Goodwill Lease
  • Both Tenants are Deemed "Essential" Uses
  • High Traffic Whittier Blvd Corridor - Over 36,000 Cars Per Day
  • Exceptional Demographics with Over $100,000 Avg. Household Income and Over 436,000 People in a Five Mile Radius
  • Dense Retail Corridor with Nearby Tenants Including: Target, Trader Joes, VONS, Ralphs, CVS, Kohls, BEVMO, Sprouts, HomeGoods, Joann Fabrics, UTLA, Office Depot, McDonalds, Starbucks, BofA, Chick-a-fila, Del Taco, Carl's Jr., Amazon Fresh

Exclusively Listed By

Shopping Community

Harbor Freight Tools & Goodwill

Listing Price: $12,127,500

Cap Rate
5.37%
Gross SF
33,087
Rentable SF
33,087
Price/Gross SF
$366.53
Lot Size
3.25 acres
Year Built
1960

Investment Highlights

  • Iconic Dense Whittier Retail Corridor - Directly Across Amazon Fresh Grocery Shopping Center
  • Corporate Guaranteed Leases – National Credit Tenants
  • Long Term Recent Harbor Freight Lease with Attractive 12.5 Percent Increases Every Five Years, Next Increase 2023
  • Steady Two Percent Annual Increases on Goodwill Lease
  • Both Tenants are Deemed "Essential" Uses
  • High Traffic Whittier Blvd Corridor - Over 36,000 Cars Per Day
  • Exceptional Demographics with Over $100,000 Avg. Household Income and Over 436,000 People in a Five Mile Radius
  • Dense Retail Corridor with Nearby Tenants Including: Target, Trader Joes, VONS, Ralphs, CVS, Kohls, BEVMO, Sprouts, HomeGoods, Joann Fabrics, UTLA, Office Depot, McDonalds, Starbucks, BofA, Chick-a-fila, Del Taco, Carl's Jr., Amazon Fresh

Investment Overview

Marcus & Millichap is pleased to present, the opportunity to acquire a well located 33,087 square feet dual tenant retail investment, occupied by strong corporate guaranteed tenants Harbor Freight Tools and Goodwill Industries of Southern California. Harbor Freight Tools occupies 19,427 square feet and has close to eight years remaining on their lease with favorable 12.5 percent increases every five years. Goodwill Industries of Southern California occupies 13,660 square feet and has over four years remaining with stable annual increases of 2 percent. 15214 Whittier Boulevard is located on one of the busiest and most dense retail corridors in Southern California with over 36,000 cars per day. Whittier Boulevard spans over 14 miles going through several cities from East Los Angeles to South Orange County. The property benefits for exceptional demographics with over $100,000 average household income and over 436,000 people in a five mile radius. Nearby tenants include: Target, Trader Joes, VONS, Ralphs, CVS, Kohls, BEVMO, Sprouts, HomeGoods, Joann Fabrics, UTLA, Office Depot, McDonalds, Starbucks, BofA, Chick-a-fila, Del Taco, Carl’s Jr., Amazon Fresh and many more.

Exclusively Listed By

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