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$3,660,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25554449
HOA Y/N No
Year Built 2019
Lot Size 0.269 Acres
Property Description
RARE SOUTH BAY RESTAURANT RETAIL INVESTMENT TRIPLE NET LEASES. Incredible opportunity to acquire a 100% leased, stabilized retail asset located in the heart of Gardena. This newer construction strip center (built in 2019) is anchored by two well-known, experienced operators, Dirt Dog and Pho Hoan both on executed 10-year NNN leases with 10% rental increases every 5 years, including option periods. The property is part of Gardena Plaza, a highly visible corner location at Redondo Beach Blvd and Normandie Ave, boasting traffic counts of over 57,000 vehicles per day. Surrounded by internet-resistant and daily-needs tenants (Starbucks, UPS, Blink Fitness, and more), the center benefits from strong, consistent foot traffic and a dense infill trade area of over 237,000 residents with an average income exceeding $95,784 in a 3-mile radius. With minimal landlord responsibilities due to its true triple net structure and efficiently sized suites (1,600-2,400 SF), this property offers an ideal hands-off investment in one of L.A. County's most resilient submarkets, just blocks from Kaiser Permanente, Gardena Memorial Hospital, and The Hustler Casino. Text or call Listing Agent for the Offering Memorandum
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Interior
Fireplace No
Exterior
Total Parking Spaces 11
Others
Tax ID UNAVAILABLE
Special Listing Condition Standard
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Listed by Farnaaz Tar • Grate Real Estate