MOES & HICCUPS IN GARDENA

1420 REDONDO BEACH BLVD, CA, 90247
  • 4,053 sq. ft.
  • 2 Retail Units
  • 234k appx population
  • $71k Appx income

About the Property

RARE LA COUNTY INVESTMENT OPPORTUNITY WITH BRAND NEW LEASES

Stabilized Investment – The Strip Center is Fully Occupied and has No Vacancy, Providing an Investor a Steady Income Stream with Minimal Landlord Responsibilities.

New Long-Term Leases with Rental Increases – Moe’s Southwest Grill and Hiccups Recently Executed Brand New 10-Year Leases beginning in May 2019 and ending in April 2029. Moe’s and Hiccups both have 10% rental increases every five (5) years in the initial term and option periods.

Minimal Landlord Expense Responsibilities – The leases are triple net, with most operating expenses reimbursed.

Outparcel to Internet Resistant and Daily Needs Center – The Subject Property is an Outparcel to Gardena Plaza which includes Internet Resistant and Daily Needs Tenants (99 Cents Only, Blink Fitness, UPS, Rose Nail, and Western Dental).

 

DENSE LOS ANGELES SOUTH BAY (GARDENA) LOCATION

Prime Retail Location – The Property is Located in the Heart of Gardena, just Blocks away from Kaiser Permanente-Gardena, Gardena Memorial Hospital, The Hustler Casino, Target and Other Numerous Retailers.

Highly Visible Corner Location – The Center is Situated on Normandie Avenue with Traffic Counts Exceeding 37,300 Cars Per Day.

Dense Infill Trade Area – The Immediate Area Includes Over 234,906 People with an Average Household Income Exceeding $71,545 in a 3-Mile Radius.

 

Contact

Alex Kozakov

CBRE

Telephone: 213-613-3031

alex.kozakov@cbre.com

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