This exceptional investment opportunity presents the chance to acquire two freestanding buildings totaling 2,149 square feet, fully occupied by City National Bank (S&P rating: AA-), under a brand-new 10-year NNN lease. The lease boasts a 4.60% cap rate and includes attractive 3% annual rent bumps throughout the initial term and two 5-year option periods, providing a stable and inflation-hedged income stream of $190,000 annually. Located at 11860 Whittier Blvd, Whittier, CA 90601, this property sits on a 0.49-acre lot with 24 parking spaces and benefits from a prime location in a dense retail corridor. The property is an outparcel to The Groves, a new 146,300 square foot shopping center, and enjoys excellent visibility and accessibility, situated less than 1.5 miles from Interstate 605 (257,000 VPD). The surrounding area features strong demographics, including a high average household income of $110,572 within a 5-mile radius, and is characterized by high barriers to entry for new development. The property is zoned SP (Specific Plan) and includes APN numbers 8170-040-091 and 8170-040-092. Built in 2024, this fee simple interest (land and building ownership) presents a compelling investment opportunity in a thriving Southern California retail market, anchored by national tenants such as The Home Depot, Burlington, T.J. Maxx, Ross Dress For Less, and Michaels, and adjacent to a master-planned residential community. The lease commenced December 1st, 2024, and expires November 30th, 2034.
Highlights
$4,130,000 asking price for a 2,149 SF retail property.
Fee simple ownership of two buildings, fully occupied by City National Bank (S&P rating: AA-).
New 10-year NNN lease with 3% annual rent increases and two 5-year options.
Located in Whittier, CA, near the intersection of Whittier Blvd and Sorensen Ave, less than 1.5 miles from Interstate 605.
Outparcel to The Groves shopping center, in a dense retail corridor with strong national tenants.
Strong demographics, with high average household income in the 5-mile trade area.
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Contacts
Pat Kent
Parker Walter
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11860 Whittier Blvd, Whittier, California, 90601
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11860 Whittier Blvd
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