PetSmart | $15,396,000| 5.70% CAP
» LONG-TERM NN LEASE WITH CORPORATE GUARANTY: The Property Is Secured By a New 12-Year NN Lease With PetSmart LLC, One of the Largest Pet Retailers in North America, Beginning September 1, 2025. The Lease Includes a Corporate Guaranty From PetSmart LLC.
» STRUCTURED RENTAL GROWTH & RENEWAL OPTIONS: The Lease Includes 10% Rent Increases in Year 6 and Year 11, With Four (4) Five-Year Renewal Options, Offering Reliable Long-Term Income Growth.
» STRATEGIC INFILL LOCATION IN TORRANCE, CA | DENSE COASTAL DEMOGRAPHICS: Located in the Heart of the South Bay, Torrance Offers Direct Access to I-405 and Is Surrounded By Affluent Coastal Communities. The Site Benefits From Strong Daytime Traffic and Dense Population—Over 370,000 Residents Within a 5-Mile Radius.
» GREATER LOS ANGELES MSA | $1.295 TRILLION REGIONAL GDP: Torrance Sits Within the Los Angeles MSA, One of the Most Economically Significant Metros in the World With a GDP of Approximately $1.295 Trillion. The Region Is a Global Leader in Trade, Entertainment, and Advanced Industries.
» PRIME RETAIL CENTER | LOCATED IN ALDI SHOPPING CENTER | NATIONAL RETAIL CORRIDOR: The Property Is Positioned Near South Bay Galleria Supporting Strong Consumer Traffic and Sustained Retail Synergy. The
Area Also Features Major National Retailers Such as ALDI, Target, Walmart, DSW, Ross, Chase, and More.