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Target 2130 Pacific Coast Hwy 32,582 SF Retail Building Lomita, CA 90717 $13,455,000 ($412.96/SF) 5.40% Cap Rate
Investment Highlights
- Irreplaceable Los Angeles Infill Location – a rare NNN investment in one of the most supply constrained, high-demand markets in the country
- Demonstrated Tenant Commitment – Target invested ~$8.75 million in the buildout of this location cementing their commitment to this location
- Significant Pacific Coast Highway Frontage – The property benefits from its clear visibility with over 425 feet of frontage along PCH
- Secure, Long-Term Lease – Newly executed 10-year lease (±8.5 years remaining) with four 5-year and one 4-year and 11-month options
- Exceptional Visibility and Access – Positioned at the signalized hard corner of Pacific Coast Highway (±51,200 CPD) & Narbonne Ave (±14,200 CPD)
- Dense Daytime Population – A captive daytime population of 175,000 residents within a 3-mile radius, underpinned by more than 20,300 multifamily units
Executive Summary
* Irreplaceable Los Angeles Infill Location – Target represents a rare single-tenant NNN investment in one of the most supply constrained, high-demand markets in the country, driven by the South Bay’s historical economic strength, population density, and proven value retention
* Secure, Long-Term Lease – Newly executed 10-year lease (±8.5 years remaining) with four 5-year and one 4-year and 11-month options, and attractive 10% rent bumps every five years, eliminating near-term leasing responsibility and capital costs
* Demonstrated Tenant Commitment – Target invested ~$8.75 million in the buildout of this location cementing their commitment to this location
* Exceptional Visibility and Access – Positioned at the signalized hard corner of Pacific Coast Highway (±51,200 CPD) and Narbonne Ave (±14,200 CPD) with three points of ingress/egress and 154 surface parking stalls
* Significant Pacific Coast Highway Frontage – The property benefits from its clear visibility with over 425 feet of frontage along PCH
* Dense Daytime Population – A captive daytime population of 175,000 residents within a 3-mile radius, underpinned by more than 20,300 multifamily units, 12.3M SF of industrial, and more than 9M SF of retail, ensures a consistent and diverse customer base
* Secure, Long-Term Lease – Newly executed 10-year lease (±8.5 years remaining) with four 5-year and one 4-year and 11-month options, and attractive 10% rent bumps every five years, eliminating near-term leasing responsibility and capital costs
* Demonstrated Tenant Commitment – Target invested ~$8.75 million in the buildout of this location cementing their commitment to this location
* Exceptional Visibility and Access – Positioned at the signalized hard corner of Pacific Coast Highway (±51,200 CPD) and Narbonne Ave (±14,200 CPD) with three points of ingress/egress and 154 surface parking stalls
* Significant Pacific Coast Highway Frontage – The property benefits from its clear visibility with over 425 feet of frontage along PCH
* Dense Daytime Population – A captive daytime population of 175,000 residents within a 3-mile radius, underpinned by more than 20,300 multifamily units, 12.3M SF of industrial, and more than 9M SF of retail, ensures a consistent and diverse customer base
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
32,582 SF
Building Class
B
Year Built/Renovated
1980/2025
Price
$13,455,000
Price Per SF
$412.96
Cap Rate
5.40%
NOI
$726,579
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Slab To Slab
12’
Building FAR
0.28
Lot Size
2.66 AC
Zoning
CR - Commerical, Retail
Parking
154 Spaces (4.73 Spaces per 1,000 SF Leased)
Frontage
34’ on Narbonne Ave
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7553-006-159 | Improvements Assessment | $5,466,041 |
| Land Assessment | $3,190,382 | Total Assessment | $8,656,423 |
Property Taxes
Parcel Number
7553-006-159
Land Assessment
$3,190,382
Improvements Assessment
$5,466,041
Total Assessment
$8,656,423
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