3801 E Foothill Blvd
Pasadena, CA 91107
Hastings Plaza · Retail Property For Sale

Located in the heart of affluent East Pasadena, Hastings Ranch Plaza presents a rare opportunity to acquire a leasehold interest in a nationally anchored retail center with enduring consumer appeal and strategic positioning. The property spans 214,322 square feet and is currently 49% occupied by top-tier tenants Hobby Lobby and HomeGoods, with the remaining space backed by a seller-supported lease structure that ensures 100% occupancy for the buyer’s initial term.
The center benefits from exceptional visibility along East Foothill Boulevard and North Michillinda Avenue, with combined traffic counts exceeding 47,000 vehicles per day. It sits adjacent to Whole Foods and Marshalls, forming a dominant retail corridor that draws 2.9 million annual visitors—a 27.8% increase year-over-year. Hastings Ranch Plaza ranks in the top 13% of shopping centers nationally and top 18% in California, underscoring its performance and consumer draw.
Surrounding demographics are equally compelling, with over 134,000 residents within a 3-mile radius and average household incomes exceeding $137,000. The area boasts high educational attainment and robust consumer spending, with $2 billion spent annually within the 3-mile trade area. The property’s leasehold structure includes a long-term master lease extending to 2054, offering stability and predictable cash flow. A buyer will benefit from a $4.2 million credit over two years to offset the second-story vacancy, structured as both rent credit and tenant improvement allowance.
This is a compelling investment in a high-performing, densely populated, and economically vibrant submarket of Los Angeles County, with strong co-tenancy, long-term lease security, and upside potential through strategic leasing and repositioning.