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Harbour Cove Shopping Center 29050 S Western Ave 43,429 SF 100% Leased Retail Building Rancho Palos Verdes, CA 90275 $24,000,000 ($552.63/SF) 5.08% Cap Rate

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EXECUTIVE SUMMARY

Great opportunity to own a 100% leased Neighborhood Retail Center in an affluent area of Los Angeles with 22 Tenants that are all on NNN Leases with an additional passive income generated by T-Mobile Wireless Cell Tower. The excellent retail location is anchored by AutoZone and It is situated on a signalized corner at the intersection of Western Avenue and Capitol Drive. In addition, the traffic counts exceeds 40,000 cars per day along Western Avenue and is in close proximity to the 101 freeway. The property has undergone capital improvements including smooth stucco and paint on Facade of the builidngs, Parking Lot repairs, slurry coat and restriping as well as landscaping.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
43,429 SF
Building Class
C
Year Built
1985
Price
$24,000,000
Price Per SF
$552.63
Cap Rate
5.08%
NOI
$1,218,010
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
2.89 AC
Zoning
LAC2 - Commercial
Frontage
432’ on S Western

AMENITIES

  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • 110 Powerhouse
  • -
  • 2,774 SF
  • -
  • -
  • Aug 2029
  • Retailer
  • 6,350 SF
  • -
  • Triple Net
  • Jul 2029

AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with stores in the US, Mexico, Brazil and Puerto Rico. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. AutoZone, headquartered in Memphis, TN, is a growing Fortune 300 company with a deep commitment to serving their customers, communities and fellow AutoZoners. They have vast opportunities in their stores, distribution centers, field offices, specialty business units and Store Support Center and embrace diverse experiences, backgrounds, knowledge and ideas to strengthen their teams and business. Their team is connected by a deep commitment to their Pledge and Values, principles established more than thirty years ago that reinforce their priorities and team culture.

  • Cali Tea
  • Accommodation and Food Services
  • 1,310 SF
  • -
  • Triple Net
  • Dec 2028
  • Northern Cafe
  • Accommodation and Food Services
  • 1,417 SF
  • -
  • Triple Net
  • Apr 2027
  • South Bay Center for Aesthetic Dentistry
  • Health Care and Social Assistance
  • 2,540 SF
  • -
  • Triple Net
  • Aug 2033
  • Sushi Tashiro
  • Accommodation and Food Services
  • 1,270 SF
  • -
  • Triple Net
  • Oct 2030
  • Total Results Fitness
  • -
  • 5,647 SF
  • -
  • Triple Net
  • Jan 2034
  • Vazin Chiropractic and Zaker Chiropractic Pain and
  • Health Care and Social Assistance
  • 2,294 SF
  • -
  • Triple Net
  • Dec 2026
  • Real Estate
  • 2,176 SF
  • -
  • Triple Net
  • May 2026
  • Wildfire Pizza
  • Accommodation and Food Services
  • 771 SF
  • -
  • Triple Net
  • Mar 2027
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
110 Powerhouse - 2,774 SF - - Aug 2029
Retailer 6,350 SF - Triple Net Jul 2029
Cali Tea Accommodation and Food Services 1,310 SF - Triple Net Dec 2028
Northern Cafe Accommodation and Food Services 1,417 SF - Triple Net Apr 2027
South Bay Center for Aesthetic Dentistry Health Care and Social Assistance 2,540 SF - Triple Net Aug 2033
Sushi Tashiro Accommodation and Food Services 1,270 SF - Triple Net Oct 2030
Total Results Fitness - 5,647 SF - Triple Net Jan 2034
Vazin Chiropractic and Zaker Chiropractic Pain and Health Care and Social Assistance 2,294 SF - Triple Net Dec 2026
Real Estate 2,176 SF - Triple Net May 2026
Wildfire Pizza Accommodation and Food Services 771 SF - Triple Net Mar 2027

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 251
  • 578 SF
  • Retail
  • End Cap
  • Now

Great end cap space on the second floor, 3 rooms built out and fully carpeted. Would be a perfect use for real estate office, financial/insurance office or any other professional use. Office is in good shape and move-in ready.

  • 252/253
  • 2,699 SF
  • Office
  • -
  • Now

Available now! 2699 sqft of prime office/retail space overlooking Western Avenue in Rancho Palos Verdes. This suite is currently set up with multiple corner offices with plenty of natural light, space for a meeting room, an employee break lounge, and a fully built out reception area. Was previously used as a financial planning office.

Space Size Space Use Position Available
251 578 SF Retail End Cap Now
252/253 2,699 SF Office - Now

251

Size
578 SF
Space Use
Retail
Position
End Cap
Available
Now

252/253

Size
2,699 SF
Space Use
Office
Position
-
Available
Now

251

Size 578 SF
Space Use Retail
Position End Cap
Available Now

Great end cap space on the second floor, 3 rooms built out and fully carpeted. Would be a perfect use for real estate office, financial/insurance office or any other professional use. Office is in good shape and move-in ready.

252/253

Size 2,699 SF
Space Use Office
Position -
Available Now

Available now! 2699 sqft of prime office/retail space overlooking Western Avenue in Rancho Palos Verdes. This suite is currently set up with multiple corner offices with plenty of natural light, space for a meeting room, an employee break lounge, and a fully built out reception area. Was previously used as a financial planning office.

Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
Ralphs
Chase Bank
Pacific Premier Bank
U.S. Bank
Flame Broiler
Marie Callender's Restaurant & Bakery
The Habit Burger Grill
Denny's
Sprouts Farmers Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7445-004-242
Land Assessment
$11,673,288
Improvements Assessment
$6,367,248
Total Assessment
$18,040,536
  • Listing ID: 39052323

  • Date on Market: 1/12/2026

  • Last Updated:

  • Address: 29050 S Western Ave, Rancho Palos Verdes, CA 90275

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