Listed by Newmark | Los Angeles - Downtown, Newmark Pacific Downtown LA
Unpriced
Cadillac Pasadena & Land Rover Pasadena
Details
APN 5754-002-023, 5754-002-024, 5754-002-025, 5754-002-037, 5754-002-039, 5754-002-041, 5754-002-046, 5754-002-047, 5754-002-048, 5754-002-049
Property Type Retail
Sub Type Storefront, Street Retail
Square Footage 34,700
Units 2
Occupancy 100%
Tenancy Multi
Brand/Tenant Cadillac Pasadena, Land Rover Pasadena
Lease Type NNN
Class B
Year Built 1993
Year Renovated 2025
Buildings 2
Acreage 4.360
Zoning PSC
Investment Type Core
Sale Condition For sale by owner
Cadillac Pasadena & Land Rover Pasadena
Marketing description
Newmark Pacific is pleased to offer qualified investors the opportunity to acquire two high-profile and high-volume luxury dealerships - Land Rover of Pasadena and Pasadena Cadillac are strategically located along Pasadena’s primary commercial corridor at 3475 & 3485 E Colorado Blvd. The dealerships have deep roots at this location with the Cadillac dealership having a 50-year operating history providing investors with tremendous stability. Situated on a recently parcelized ±4.47-acre site, the properties are encumbered by two separate absolute NNN leases with 3% annual increases, providing stable growth, “hands off” passive ownership, and exceptional intrinsic land value.
Investment highlights
- Absolute NNN Ground Leases
- Zero landlord responsibilities. The tenants are responsible for all taxes, insurance, maintenance, and capital expenditures.
- Superior Rent Growth
- Leases feature rare contractual 3% annual rent increases, providing a powerful hedge against inflation compared to standard 10% increases every 5 years.
- Individually Parcelized
- The recent lot line adjustment (2025) allows the properties to be sold or financed independently, providing a clear exit strategy for each asset.
- High-Volume Luxury Locations
- Positioned on the historic Colorado Boulevard, these dealerships benefit from high traffic counts and immediate proximity to the I-210 freeway, serving the affluent demographics of Pasadena, San Marino, South Pasadena, La Canada, and Arcadia.
- Institutional Stability
- With Sonic Automotive (a Fortune 500 company) now operating the Land Rover dealership and US Auto Trust investing over $10MM in the Cadillac facility, the tenant credit and recent capital commitments provides stability and long-term tenant commitment.
- Intrinsic Land Value
- The Medium Mixed-Use designation under the East Colorado Specific Plan allows for significant future density. The large, flat, and parcelized acreage would be prime for high-end residential or mixed-use redevelopment, providing a strong residual value.
- Retail Synergy
- Nearby dealerships include Audi, Bentley, Jaguar, Porsche, and Tesla, creating a “regional destination” for luxury car shoppers.
- Premier Dealerships
- Both Land Rover and Cadillac dealerships are the primary destination for these luxury automotive brands servicing the San Gabriel Valley.
Listing Contacts
Listed by Newmark | Los Angeles - Downtown, Newmark Pacific Downtown LA
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