14411 Hawthorne BlvdLawndale, CA 90260

Property Details for 14411 Hawthorne Blvd

Year built

1970

Lot size

1.83 AC

Property size (Sq ft)

31,240 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 31,240-square-foot Sprouts Farmers Market located at 14411 Hawthorne Blvd, Lawndale, CA 90260. Situated on a 1.83-acre lot, this single-tenant, Class A retail property boasts a 15.1-year lease (commencing July 10, 2024, and expiring July 31, 2039) with three 5-year renewal options and a 10% rent increase every five years. The property benefits from a Net Net (NN) lease structure with limited landlord responsibilities (roof/structure only), ensuring a stable and predictable income stream. A new roof with a 20-year warranty minimizes near-term capital expenditures. The property is strategically located at the southeast corner of Rosecrans Avenue and Hawthorne Boulevard, two major commercial and residential thoroughfares with a combined daily traffic count of 73,051 vehicles. This prime location draws from a substantial trade area encompassing Manhattan Beach, El Segundo, Hawthorne, Torrance, Gardena, Westchester, and Lawndale. The surrounding area features a dense and affluent population, with over 293,591 residents within a three-mile radius and 633,385 within a five-mile radius, boasting average household incomes exceeding $123,685 and $127,087 respectively. The strong daytime population is further bolstered by the presence of major aerospace companies like Raytheon, Northrop Grumman, SpaceX, and Boeing. Built in 1970 and renovated in 2024, the property is zoned LNM1-R2P* and features one building with one story. Sprouts Farmers Market, a publicly traded company (Nasdaq: SFM), operates over 400 stores nationwide and plans to open 35 additional locations in 2024. This investment offers a passive, credit-worthy opportunity in a core Los Angeles location with compelling demographics. The property's APN is 4078-034-053, 4078-034-054.

Location Insight

City

Lawndale

County

Los Angeles

State

California

Latitude

33.901

Longitude

-118.353

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