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La-A-Boy | Torrance, CA 22740 Hawthorne Blvd 23,500 SF Retail Building Torrance, CA 90505 $9,130,000 ($388.51/SF) 5.25% Cap Rate
Investment Highlights
- Single-Tenant, Absolute NNN Corporate La-Z-Boy: New 10-Year Renewal; Tenant Just Extended for 10 Years, Showing Their Commitment to the Location
- LZB Retail, Inc. Corporate Signature With Nearly 215 Locations
- Two 5-Year Options Remaining With 2% Annual Rental Increases
- Absolute NNN Corporate Lease With Zero Landlord Responsibilities
- 10% Rental Increase in February 2031
- 15-Year Historical Occupancy
Executive Summary
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
- -
La-Z-Boy began in 1927 in Monroe, Michigan, when Edward Knabusch and Edwin Shoemaker developed the reclining chair that became the company’s signature product. Today, the company operates as a vertically integrated retailer and manufacturer, handling retail, manufacturing, design, distribution, and after-service care for home furnishings. La-Z-Boy’s portfolio includes the La-Z-Boy brand along with Joybird, England Furniture, Hammary, Kincaid, and American Drew, covering upholstered furniture, casegoods, and custom pieces for multiple rooms in the home. The business continues to focus on recliners, sofas, chairs, ottomans, and other home-furnishing categories through retail, wholesale, and digital channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,732,728 | |
| Land Assessment | $6,672,095 | Total Assessment | $11,404,823 |
Property Taxes
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La-A-Boy | Torrance, CA | 22740 Hawthorne Blvd
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