500-506 Carson Town Ctr N

CALL FOR OFFERS: DEC 19th, 2024!
FOR SALE! 100% Leased South Bay Retail Center anchored by Floor & Decor. Opportunity to develop up to 5 Retail Pads at the property.
Newmark and NAI Capital are pleased is pleased to present the opportunity to acquire Carson Town Center located at 500-506 Carson Town Center N, Carson CA 90745 (hereafter the “Property”, “Project” “Center”) The property consists of approximately 169,656 SF of building on approximately 17.54 acres of land. It is 100% leased to Floor & Décor, Planet Fitness, and John’s Incredible Pizza. The center features ample land area which provides for a value-add opportunity to develop five additional retail pads out on the street fronts of Figueroa Street and Torrance Boulevard. Located at the southeast corner of the signalized intersection of Figueroa Street and Torrance Boulevard, the property is directly adjacent to the 110 Freeway and benefits from excellent pylon signage on Figueroa Street that is freeway visible.
The property boasts an incredible location in the South Bay sub-market, just off the 110 Freeway (Harbor Freeway) and within 2 miles of the 405 Freeway (San Diego Freeway), in the heart of the City of Carson. The 110 Freeway, also known as the Harbor Freeway, is the main transportation route the to the Port of Los Angeles and Port of Long Beach. The area is comprised of dense and affluent demographics, and is a mix of well established single family neighborhoods as well as class A industrial districts occupied by major corporations. Many young families have been moving to the South Bay for the past several years seeking safe/clean neighborhoods and good school districts, which has been boosting the demographics and local home values.
This property presents an attractive investment opportunity with existing assumable financing at a low fixed interest rate of 4.07%, due in January 2030, enhancing cash flow stability. Fully leased to reputable tenants—Floor & Décor, Planet Fitness, and John’s Incredible Pizza—this asset benefits from corporate guarantees, ensuring added security. Both tenants rank highly in their respective markets in California, reflecting strong operational performance and customer demand. With current rents below market rates, there is immediate potential for increases as the market adjusts. The long-term NNN leases feature structured rental increases and options for tenant extensions, ensuring stable income. Additionally, the ample land area allows for the development of five additional retail buildings, including drive-through options, which could significantly boost the property’s value. Strategically located with excellent visibility from the heavily trafficked 110 Freeway, this asset benefits from proximity to major transportation routes to the Ports of Los Angeles and Long Beach. The surrounding area is experiencing demographic growth, with rising home values and a dense population of over 21,000 people within a mile, supporting strong consumer spending. Situated in a well-established Los Angeles/South Bay sub-market that hosts major industrial tenants and national corporations, this property offers a solid foundation for long-term growth.