Listed by NAI Capital Commercial, Inc, Newmark | Los Angeles - Century City, Newmark
Unpriced
Carson Town Center
Details
APN 7336-002-027 ; 7336-002-030 ; 7336-002-037 ; 7336-002-033
Property Type Retail
Square Footage 169,656
Cap Rate 5.11%
NOI $2,810,000
Occupancy 100%
Lease Type NNN
Acreage 17.540
Retail | 5.11% CAP | 169,656 SF
Marketing description
The subject retail property is 100% leased to Floor & Décor, Planet Fitness and John’s Incredible Pizza. The
offering consist of approximately 169,656 SF of buildings on approximately 17.54 acres (764,042) SF of
land. The large land area and ample parking lot provide for the opportunity to develop five additional retail
buildings, which include street front drive-throughs as well as junior anchors, creating an excellent valueadd proposition to an already stabilized asset. With its location directly adjacent to the 110 Freeway
(Harbor Freeway), the high traffic count, its freeway visibility, and tremendous signage, this location is
a highly desirable location, for the current tenants as well as the future tenants of the proposed retail
pads. The leases at the property are long term, with well structured rental increases, and options to
extend, providing long term stability and future upside for the investment.
The property provides for a generational investment opportunity in an excellent location in a wellestablished South Bay sub-market. The City of Carson is a very well-located suburban area of
the Los Angeles market that has seen an increase in demographics and home values in recent
years, creating rent growth and value in the area. All these factors, along with proposed retail
pads on the street front, make Carson Town Center an excellent investment opportunity.
Investment highlights
- Existing assumable financing at 4.07% interest fixed in the amount of $26,500,000 due in January 2030.
- Asset is 100% leased to Floor & Décor, Planet Fitness, and John’s Incredible Pizza.
- Floor & Décor and John’s Incredible Pizza leases have a corporate guaranty.
- High performing locations for Floor & Décor (Second highest out of 27 in California) & Planet Fitness (20th highest out of 176) per Placer.
- Rents are below market.
- Long term NNN leases with well structured rental increases and multiple options to extend.
- Ample land area provides the opportunity to develop five additional retail buildings including two single tenant drive through buildings, a multi-tenant with a drive through building, and two free standing retail boxes.
- Excellent mix of a stabilized asset with credit tenants, with value-add upside opportunity by developing the additional retail buildings.
- Freeway visibility from the 110 Freeway (Harbor Freeway) that has approximately 180,000 cars per day and serves as the main transportation route to the Ports of Los Angeles and Long Beach.
- Part of the very well established Los Angeles/South Bay sub-market occupied by major industrial tenants and national corporations.
- Surrounded by single family neighborhoods, which in recent years have been increasing in demographics and higher home values.
- Densely populated area boasting over 21,000 people w/in a 1-mile.
- Average household income is $101,000 and Average Home Value is $795,000.
Listing Contacts
Listed by NAI Capital Commercial, Inc, Newmark | Los Angeles - Century City, Newmark
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$2,810,000.00
$234,166.67/mo
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