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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
5.21%
NOI
$1,249,899
Percent Leased
94%
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 began in 1979 as Auto Shack and grew from a single store into a company focused on automotive replacement parts and accessories. AutoZone sells products through retail stores, commercial programs, a website, and a mobile app, with merchandise that includes hard parts, maintenance items, accessories, and related non-automotive products. AutoZone supports do-it-yourself customers with repair guides, how-to articles, diagnostic help, and free in-store testing services for batteries, alternators, and starters. The company also offers the ALLDATA brand of automotive repair information and software, extending its reach beyond parts retail into repair data and shop tools.

  • 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
  • 155
  • 2,176 SF
  • Retail
  • In-Line
  • Sep 2026
  • 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
155 2,176 SF Retail In-Line Sep 2026
252/253 2,699 SF Office - Now

155

Size
2,176 SF
Space Use
Retail
Position
In-Line
Available
Sep 2026

252/253

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

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.

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

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

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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