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Investment Highlights
- Dominant Regional Positioning
- Rare Home Depot Ground Lease
- Rare Los Angeles County Drive-Thrus
- Strong Credit Profile
- Ideal 15-Parcel Arbitrage Potential
- High Deposit Bank Pads
Executive Summary
Property Facts Under Contract
Amenities
- Air Conditioning
Major Tenants
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- Industry
- SF Occupied
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Bath & Body Works began in 1990 as a beauty line within Express and opened its first store in Cambridge, Massachusetts, before growing into a standalone retail brand. Bath & Body Works now focuses on personal care and home fragrance, with body care, hand soap, sanitizer, and candle collections sold through stores, e-commerce, Amazon, and international franchise locations. The company has expanded its marketplace presence through a nationwide Ulta Beauty partnership and an entry into Brazil, extending reach across both physical and digital channels. Bath & Body Works emphasizes product quality, safety, and sustainability across sourcing, packaging, and environmental efforts.
Chipotle Mexican Grill began in 1993 as a fast-casual restaurant chain built around burritos and tacos, and the business has grown into a broader Mexican-inspired menu that also includes bowls, quesadillas, and salads. Chipotle Mexican Grill owns and operates restaurants and supports digital ordering, delivery or pickup, catering, group ordering, rewards, and other guest-facing services through its consumer channels. Chipotle Mexican Grill's purpose centers on cultivating a better world, with values tied to real ingredients, responsible sourcing, and an employee culture built around respect and inclusion. The company continues to expand its restaurant footprint, and digital sales remain a meaningful part of revenue.
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PetSmart is a North American pet products and services retailer founded in 1986 by Jim Dougherty and Janice Dougherty in Phoenix, Arizona. Originally established as PetFood Warehouse, the business pioneered the pet superstore format and expanded rapidly across the United States and Canada. Today, PetSmart is one of the largest pet-focused retail operators in North America and operates as a privately owned company. The company specialises in the sale of pet food, pet supplies, accessories, and animal care products alongside a broad range of pet-related services. Its operating model combines large-format retail stores with grooming services, dog training, pet boarding, day care, adoption services, and veterinary services provided through in-store partnerships. The business also maintains an e-commerce platform serving consumers across North America. PetSmart's operations are concentrated across the United States and Canada, where it maintains a nationwide network of approximately 1,650 stores. The company's real estate footprint is typically focused on large-format retail units within regional shopping centres, power centres, and retail parks anchored by major national retailers. Its portfolio consists predominantly of pet retail stores and associated service facilities. The company serves individual pet owners across a broad range of customer demographics seeking products and services for dogs, cats, fish, birds, reptiles, and small animals. Additional customers include pet adoption organisations and veterinary service providers operating within the PetSmart platform. Recent activity has been centred on continued investment in omni-channel retailing, pet healthcare services, grooming, boarding, and digital commerce capabilities. The company remains one of North America's largest pet care retailers and continues to operate under private ownership backed by institutional investors, including BC Partners.
Ross Dress for Less began as a small family-operated junior department store chain in California and shifted into an off-price format after an investor acquisition in the early nineteen eighties. The company focuses on first-quality, in-season brand name and designer apparel, footwear, accessories, and home fashions offered at everyday discounts. Ross Dress for Less operates as a major off-price retail chain with a broad presence across the United States, along with locations in Guam and Puerto Rico. The business sits within Ross Stores, which also runs dd's DISCOUNTS and has grown from a regional retail start into a large national value retailer.
The Home Depot began in 1978 as a home improvement retailer founded by Bernie Marcus and Arthur Blank, and the company went public in 1981. The Home Depot operates as a large home improvement specialty retailer with a broad assortment of home improvement products, building materials, lawn and garden products, décor products, and facilities MRO products sold through stores and online channels. The company serves do-it-yourself customers, professional contractors, and do-it-for-me customers through interconnected retail and installation services. Home Depot maintains a significant North American market presence and remains focused on home improvement retail, supply chain, digital commerce, and customer service.
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Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $50,279,405 | |
| Land Assessment | $22,217,727 | Total Assessment | $72,497,132 |



