777 S Arroyo Pky
Pasadena, CA 91105
Retail Property For Sale

CBRE is pleased to exclusively offer for sale the opportunity to acquire 777 S Arroyo Parkway, an 8,050 SF mixed-use medical and retail strip center that is adjacent to the Metro Gold Line’s Fillmore Station. The center is 100% occupied with major tenants including Subway, Pizza Hut and VCA Animal Hospital, as well as a dental clinic, home health center and nail salon. The complimentary tenant mix offers internet resistant uses, including restaurant, medical, and service uses. The investment opportunity also offers rental upside opportunity with rates that are below market for comparable centers in the City of Pasadena. Under the NNN leases, the landlord has limited responsibilities, and most expenses are reimbursed, including management fees and property taxes. Additionally, the investment is being offered free and clear of existing financing, which allows a potential purchaser the ability to obtain new financing, helping achieve optimal returns. 777 S Arroyo Parkway is situated in a dense residential and commercial neighborhood in the heart of Pasadena featuring over 228,557 residents within a 3-mile demographic ring. It is located along the renowned Historic Route 66 and only a few blocks away from Old Pasadena and is conveniently positioned immediately adjacent to the property with access to several freeways. A large public parking lot sits immediately to the west of the subject property as well. The offering allows a unique opportunity for an incoming investor to acquire a pride of ownership asset with NNN leases that is within a dense area of Pasadena along the Historic Route 66.