316 S. Pacific Coast Highway, Redondo Beach

Property Detail

Type Status Location Price 13,650,000 Area (sf)14,613Street Address316 S. Pacific Coast HighwayStateCAZip code90277

Property Description

CVS / PHARMACY, REDONDO BEACH

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Lot Size: ± 63,214 SF (1.45 Acres)
Net Rentable Area: ± 14,613 SF
Parking Spaces: 66
Year Built: 2006

– Opportunity to achieve a high value land investment with bond like cash flow
– Freestanding single tenant CVS
– One of the best CVS locations in the United States
– True Net Lease investment with no landlord responsibility
– 15 years left on primary lease with three (3), five (5) year renewal options
– Minimum 10% escalation at 1st option, 5% each additional option
– 1.45 acres of hard corner on Pacific Coast Highway
– Signalized intersection location with strong traffic counts
– Located in desirable South Bay area of L.A.
– Highly populated area, 2 blocks from the beach with ocean views

Agents

Property Features

Freestanding
Parking

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