Target | 2130 Pacific Coast Hwy
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Target 2130 Pacific Coast Hwy
32,582 SF Retail Building Lomita, CA 90717 For Sale
Investment Highlights
- Fortress Credit On A Fixed, Long-Term Lease
- Strategic Last Mile Fulfillment Hub
- Visibility and Accessibility
- Trophy Demographic Profile
- Significant Target CapEx Spend
- Featuring a New Small-Store Format
Executive Summary
Fortress Credit: Target has executed a new 10-year lease, offering investors a fixed rental increase and a corporate-guaranteed lease. The lease term includes additional options with rental increases.
Trophy Demographic Profile: Target in Lomita, CA is located in a densely populated area with affluent residents and high household incomes within a 3-mile radius. The location is adjacent to affluent communities.
Strategic Last Mile Fulfillment Hub: The property is less than 2 miles from the 110 Freeway, providing strategic value for delivery and click-and-collect services.
Significant Target CapEx Spend: Target has invested $8.75 million in the buildout of the Lomita location, demonstrating its commitment to creating a premium shopping experience.
Visibility and Accessibility: The property is located along Pacific Coast Highway, a prominent and well-traveled arterial road, providing excellent visibility. It also features a new small-store format optimized for click and collect, along with a large surface parking field with easy accessibility.
Trophy Demographic Profile: Target in Lomita, CA is located in a densely populated area with affluent residents and high household incomes within a 3-mile radius. The location is adjacent to affluent communities.
Strategic Last Mile Fulfillment Hub: The property is less than 2 miles from the 110 Freeway, providing strategic value for delivery and click-and-collect services.
Significant Target CapEx Spend: Target has invested $8.75 million in the buildout of the Lomita location, demonstrating its commitment to creating a premium shopping experience.
Visibility and Accessibility: The property is located along Pacific Coast Highway, a prominent and well-traveled arterial road, providing excellent visibility. It also features a new small-store format optimized for click and collect, along with a large surface parking field with easy accessibility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
32,582 SF
Building Class
B
Year Built/Renovated
1980/2022
NOI
$726,578
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Slab To Slab
12’
Building FAR
0.28
Land Acres
2.66 AC
Zoning
CR - Commerical, Retail
Parking
147 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
34 FT on Narbonne Ave
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (82)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,413,545 | |
| Land Assessment | $4,330,834 | Total Assessment | $9,744,379 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,330,834
Improvements Assessment
$5,413,545
Total Assessment
$9,744,379
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Daniel Tyner -
Geoff Tranchina -
Gleb Lvovich -
Conor Quinn -
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Target | 2130 Pacific Coast Hwy
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