0 1 Un StPasadena, CA 91103

Property Details for 0 1 Un St

Year built

2004

Lot size

0.29 AC

Property size (Sq ft)

28,943 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This fee-simple retail property in Old Town Pasadena, California, features a 28,943 square foot building occupied by The Container Store under a NNN lease with 3.8 years remaining and a 5-year option. Built in 2004, the property sits on a 0.29-acre lot (APN 5723-022-020) in a mixed-use core commercial zone at a high-traffic intersection. The Container Store is the only location within a 15-mile radius, serving a large customer base. The lease includes rental adjustments tied to Fair Market Value at the next option period, offering future rent growth potential. The property benefits from excellent visibility and accessibility within a thriving retail district boasting 6.7 million annual visitors. The area has a strong economic profile, with average household incomes exceeding $126,000 within one mile and $154,000 within three miles. Land and building costs for similar properties exceed $900 per square foot, highlighting the property's significant intrinsic value. The tenant is responsible for all property expenses, including CAM, property taxes, and insurance, minimizing landlord obligations and ensuring a steady income stream. This investment offers a rare opportunity to acquire a well-located, high-performing retail asset with the promise of strong, stable returns and long-term growth in one of Southern California's most desirable commercial districts.

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1468

Longitude

-118.148

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