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1430 Venice Blvd 15,857 SF Retail Building Los Angeles, CA 90006 $8,683,000 ($547.58/SF) 5.75% Cap Rate
Investment Highlights
- Corporate-Guaranteed Lease Backed by Harbor Freight Tools USA, Providing a Strong National Credit Tenant With Proven Performance
- Structured Rental Increases Contractual 10% Rent Escalations Every Five Years Offer Predictable Income Growth and Long-Term Yield
- Fully Renovated Building Recently Completed Full-Scale Renovation With Significant Capital Improvements, Including Dock-High Loading for Logistics
- New 15-Year NNN Lease Long-Term Absolute Triple Net (NNN) Lease With 15 Years of Initial Term and Three (3) Five-Year Renewal Options
- Minimal Landlord Responsibilities Tenant Is Responsible for All Operating Expenses (Utilities, Property Taxes, Insurance, and Interior Maintenance)
- High Traffic Exposure Located Just One Parcel West of the Signalized Intersection at Venice Blvd and Hoover Street—Exposure to Approx. 65,000 Vehicles
Executive Summary
NEW PRICING 5.75% CAP RATE!
Investment Opportunity – Long-Term NNN Leased Freestanding Building
Venice Blvd & Arapahoe St | Pico Union / West Adams, Los Angeles, CA
Corporate-Backed Lease | Harbor Freight Tools USA
Property Overview
A rare, long-term investment opportunity featuring a fully renovated freestanding retail/warehouse asset on Venice Boulevard in the heart of Los Angeles’ high-density Pico Union/West Adams corridor. Backed by a new 15-year absolute triple net (NNN) lease with Harbor Freight Tools USA—a national credit tenant with strong performance—this property offers a stable, passive income stream with contractual rental escalations and minimal landlord responsibilities.
Situated just one parcel west of a signalized intersection, the site benefits from significant street visibility and approximately 65,000 vehicles per day. The ±15,857 square foot building sits on a secure lot with gated rear parking and multiple access points, including alley and Arapahoe Street ingress/egress. Recent capital improvements include dock-high loading, modern infrastructure, and interior renovations, positioning this asset as a turnkey investment in one of LA’s most dynamic growth corridors.
Key Highlights
• Credit-Leased Investment
o 15-year absolute NNN lease to Harbor Freight Tools USA
o Corporate-guaranteed with three (3) five-year renewal options
o Contractual 10% rent increases every five years
• Fully Renovated Building
o ±15,857 SF freestanding structure with flexible warehouse/retail use
o Dock-high loading for efficient logistics
o Modernized systems and capital improvements throughout
o Gated rear parking with secure access and ample maneuverability
• Strategic Urban Location
o Prime infill site on Venice Blvd with exposure to ~65,000 VPD
o Located near the signalized intersection of Venice & Hoover
o Strong east-west connectivity via Venice Blvd; easy access to 10 Freeway
o Just west of Downtown LA in a rapidly evolving redevelopment zone
• Proximity to Major Tenants & Institutions
o 1.5 miles from the University of Southern California (USC)
o Surrounded by strong retail anchors including CVS, McDonald’s, AutoZone, Ross, and Superior Grocers
Investment Rationale
This asset combines the security of a long-term corporate-guaranteed lease with a high-visibility, high-traffic urban location—making it a strong candidate for investors seeking stable income and appreciation potential in a dynamic Los Angeles submarket. With limited inventory of quality single-tenant assets in core infill locations, this is a strategic, long-hold opportunity in one of the city’s fastest-growing corridors.
Investment Opportunity – Long-Term NNN Leased Freestanding Building
Venice Blvd & Arapahoe St | Pico Union / West Adams, Los Angeles, CA
Corporate-Backed Lease | Harbor Freight Tools USA
Property Overview
A rare, long-term investment opportunity featuring a fully renovated freestanding retail/warehouse asset on Venice Boulevard in the heart of Los Angeles’ high-density Pico Union/West Adams corridor. Backed by a new 15-year absolute triple net (NNN) lease with Harbor Freight Tools USA—a national credit tenant with strong performance—this property offers a stable, passive income stream with contractual rental escalations and minimal landlord responsibilities.
Situated just one parcel west of a signalized intersection, the site benefits from significant street visibility and approximately 65,000 vehicles per day. The ±15,857 square foot building sits on a secure lot with gated rear parking and multiple access points, including alley and Arapahoe Street ingress/egress. Recent capital improvements include dock-high loading, modern infrastructure, and interior renovations, positioning this asset as a turnkey investment in one of LA’s most dynamic growth corridors.
Key Highlights
• Credit-Leased Investment
o 15-year absolute NNN lease to Harbor Freight Tools USA
o Corporate-guaranteed with three (3) five-year renewal options
o Contractual 10% rent increases every five years
• Fully Renovated Building
o ±15,857 SF freestanding structure with flexible warehouse/retail use
o Dock-high loading for efficient logistics
o Modernized systems and capital improvements throughout
o Gated rear parking with secure access and ample maneuverability
• Strategic Urban Location
o Prime infill site on Venice Blvd with exposure to ~65,000 VPD
o Located near the signalized intersection of Venice & Hoover
o Strong east-west connectivity via Venice Blvd; easy access to 10 Freeway
o Just west of Downtown LA in a rapidly evolving redevelopment zone
• Proximity to Major Tenants & Institutions
o 1.5 miles from the University of Southern California (USC)
o Surrounded by strong retail anchors including CVS, McDonald’s, AutoZone, Ross, and Superior Grocers
Investment Rationale
This asset combines the security of a long-term corporate-guaranteed lease with a high-visibility, high-traffic urban location—making it a strong candidate for investors seeking stable income and appreciation potential in a dynamic Los Angeles submarket. With limited inventory of quality single-tenant assets in core infill locations, this is a strategic, long-hold opportunity in one of the city’s fastest-growing corridors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
15,857 SF
Building Class
C
Year Built
1956
Price
$8,683,000
Price Per SF
$547.58
Cap Rate
5.75%
NOI
$499,260
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.60 AC
Zoning
C2
Frontage
154’ on Venice Blvd
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5056-010-001 | Improvements Assessment | $960,000 |
| Land Assessment | $4,590,000 | Total Assessment | $5,550,000 |
Property Taxes
Parcel Number
5056-010-001
Land Assessment
$4,590,000
Improvements Assessment
$960,000
Total Assessment
$5,550,000
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