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1245-1247 3rd Street Promenade 1245 3rd Street Promenade 3,000 - 10,500 SF of 4-Star Retail Space Available in Santa Monica, CA 90401
HIGHLIGHTS
- Prime Third Street Promenade frontage with exceptional foot traffic
- Strong demographics and $3.8B annual retail spending within 3 miles
- Six nearby public parking structures with free short-term parking
- Surrounded by leading global brands and entertainment venues
- Flexible layouts across three buildings with soaring ceilings
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1245 | 3,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 1247 | 3,750-7,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 1245
Up to 10,500 square feet
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 10,500 SF of adjacent space
- High Visibility
- Walkable
1st Floor, Ste 1247
Up to 10,500 square feet
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 10,500 SF of adjacent space
- High Visibility
- Walkable
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 10,500 SF | Property Subtype | Storefront |
| Min. Divisible | 3,000 SF | Gross Leasable Area | 10,500 SF |
| Property Type | Retail | Year Built | 1951 |
| Total Space Available | 10,500 SF |
| Min. Divisible | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 10,500 SF |
| Year Built | 1951 |
ABOUT THE PROPERTY
Position your brand in the heart of Santa Monica’s world-famous Third Street Promenade, a destination attracting nearly 24 million annual visitors. This trophy retail assemblage offers flexible configurations ranging from 3,000 SF to 10,500 SF. Featuring soaring ceilings and expansive frontage, the property ensures exceptional visibility and pedestrian exposure both day and night. Surrounded by global retail icons such as Apple, Google, Tesla, and Nike, and steps from six public parking structures offering 90-minute free parking, this location delivers unmatched convenience for customers. The vibrant entertainment district is complemented by strong demographics, including an average household income of $196,791 and a daytime population exceeding 214,000 within a 3-mile radius.
NEARBY MAJOR RETAILERS
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1245-1247 3rd Street Promenade | 1245 3rd Street Promenade
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