Shopping Strip

4135 Pacific Coast Hwy

4135 Pacific Coast Hwy, Torrance, CA 90505

Listing Price: $6,650,000

Cap Rate
4.60%
Gross SF
5,741
Rentable SF
5,741
Price/Gross SF
$1,158.33
Lot Size
0.47 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the rare opportunity to acquire a NNN trophy asset located on the coveted Pacific Coast Highway (“PCH”) in Torrance. The property is leased to Wells Fargo and T-Mobile, two strong national credit tenants, both of which have been at the property since it was developed in 2008. The investment opportunity allows buyers to benefit from an ideal mix of Internet-resistant and “essential needs” tenants backed by corporately guaranteed leases. Additionally, investors will benefit from upcoming 12% increases in each of the tenants’ 5-year option periods. The property is strategically located on a hard corner signalized intersection on PCH, where over 57,000 vehicles drive by per day. It is located adjacent to the affluent Palos Verdes Peninsula and caters to a demographic with an annual household income of approximately $140,000 within a one-mile radius. The property is located on the same intersection with the Vista Plaza and Village Center shopping centers, which feature several notable tenants including Sprouts, Walgreens, a drive-thru Starbucks, H-Mart, and CVS. 4135 Pacific Coast Highway also benefits from close proximity to Del Amo Fashion Center (over 200 retail tenants), Torrance Crossroads (Vons, Home Depot, Sam’s Club, Costco), Rolling Hills Plaza (Whole Foods, Trader Joe’s, Nike Factory Store), Torrance Memorial Medical Center (512-bed nonprofit medical center), and the beach!

Investment Highlights

  • Corporate Guaranteed NNN Leases with 2 Class-A Essential Tenants located on a signalized hard-corner intersection
  • Long term operating history of over 12 years, including both tenants renewing their first lease option.
  • Irreplaceable Southern California Real Estate with over 57,000 VPD and $130,000+ Average HH income in a 1-mile radius.
  • Future rental upside with 12% increases in each 5-year renewal option providing a significant hedge against inflation

Exclusively Listed By

Listing Price: $6,650,000

Cap Rate
4.60%
Gross SF
5,741
Rentable SF
5,741
Price/Gross SF
$1,158.33
Lot Size
0.47 acres
Year Built
2008

Investment Highlights

  • Corporate Guaranteed NNN Leases with 2 Class-A Essential Tenants located on a signalized hard-corner intersection
  • Long term operating history of over 12 years, including both tenants renewing their first lease option.
  • Irreplaceable Southern California Real Estate with over 57,000 VPD and $130,000+ Average HH income in a 1-mile radius.
  • Future rental upside with 12% increases in each 5-year renewal option providing a significant hedge against inflation

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the rare opportunity to acquire a NNN trophy asset located on the coveted Pacific Coast Highway (“PCH”) in Torrance. The property is leased to Wells Fargo and T-Mobile, two strong national credit tenants, both of which have been at the property since it was developed in 2008. The investment opportunity allows buyers to benefit from an ideal mix of Internet-resistant and “essential needs” tenants backed by corporately guaranteed leases. Additionally, investors will benefit from upcoming 12% increases in each of the tenants’ 5-year option periods. The property is strategically located on a hard corner signalized intersection on PCH, where over 57,000 vehicles drive by per day. It is located adjacent to the affluent Palos Verdes Peninsula and caters to a demographic with an annual household income of approximately $140,000 within a one-mile radius. The property is located on the same intersection with the Vista Plaza and Village Center shopping centers, which feature several notable tenants including Sprouts, Walgreens, a drive-thru Starbucks, H-Mart, and CVS. 4135 Pacific Coast Highway also benefits from close proximity to Del Amo Fashion Center (over 200 retail tenants), Torrance Crossroads (Vons, Home Depot, Sam’s Club, Costco), Rolling Hills Plaza (Whole Foods, Trader Joe’s, Nike Factory Store), Torrance Memorial Medical Center (512-bed nonprofit medical center), and the beach!

Exclusively Listed By

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