Pioneer Plaza | Norwalk, CA
Recently Redeveloped Retail Center Located at Signalized Intersection to Grocery-Anchored Center
Marketing description
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Investment highlights
Recently Redeveloped Norwalk, CA (LA County) Retail Center; 85% Occupied: Strong national and regional tenant internet-resistant, service-based tenants – PLS Check Cashiers, M Dentistry, and Cole Vocational Services
Complete renovation in 2021
Devoted parking lot
Phenomenal signage, visibility, and access (from signal)
PLS Check Cashiers
5 stars on Google Reviews (500+ reviews)
200+ locations throughout the US
Top 25% nationwide within banks & financial services category (Placer.ai)
All tenants are on long-term NNN leases with staggered lease expirations
Immediate Upside Potential:
Opportunity to lease-up 15% vacancy (1,560 SF)
Increases cap rate by over 100 basis points
Strong Retail Corridor; Shares Signalized Intersection with Norwalk Town Square (2.5 Million Annual Visits, Placer.ai):
Norwalk Town Square is anchored by Grocery Outlet
Surrounding tenants include CVS/pharmacy, El Pollo Loco, In-N-Out Burger, Midas, O’Reilly Auto Parts, Starbucks, Taco Bell, and U.S. Bank
High Traffic Location Along Pioneer Boulevard (24,500 CPD)
Centrally Located; Exceptional Accessibility: The property is approximately 17 miles from downtown Los Angeles and benefits from its proximity to four major freeways (SR 91, I-605, I-5, and I-105) and two rail lines (Metro Green Line and Metrolink)
Dense, Infill Los Angeles Location; Nearly 624,000 People Within a 5-Mile Radius
Affluent Demographics; $123,866 Average Household Income Within a 5-Mile Radius
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