Available For Sale and/or For Lease

Highlights:

• In place income through the repositioning period Walgreens continues to pay ownership $412,649 per year ($34,387 per month) on the master lease, providing predictable, contractually obligated income that offsets carrying costs through the August 31, 2027 kickout, regardless of the Grocery Outlet sublease
• Assemblage optionality with the adjacent Jack in the Box pad The adjoining Jack in the Box ground lease pad shares the corner under common ownership, offering a potential future assemblage for a larger redevelopment of the entire hard corner (note the JIB lease runs to 2029 and is separately marketed).
• Ample on-site parking The large surface lot supports a parking field well in-excess of standard retail requirements.
• Flexible Mixed Use (MU) zoning Zoned MU under the City of Arcadia code, allowing for development flexibility.
• Prominent frontage, access, and visibility Extensive frontage and visibility along East Live Oak Avenue, one of the area’s primary arterials, with strong surrounding retail and steady daily traffic.

Description:

Hard corner, infill Arcadia location in the heart of the San Gabriel Valley
Signalized hard corner at Tyler Avenue and East Live Oak Avenue, one of the most established and land constrained retail corridors in the West San Gabriel Valley, roughly two (2) miles south of the Westfield Santa Anita regional shopping center.

Near term path to vacant possession
The Walgreens master lease is subject to a kickout effective August 31, 2027, which also terminates the Grocery Outlet sublease on the same date, delivering control of the real estate and a clear runway to reposition, secure a new direct lease, redevelop, or owner occupy.

Large lot with low building coverage
±14,490 SF building on a ±67,413 SF lot (approximately 1.55 acres), a land to building ratio of more than 4.5 to 1 and roughly 22 percent site coverage, providing an exceptional canvas for redevelopment, expansion, or a multi tenant retail conversion.

Dense, affluent trade area
Arcadia carries a population density of more than 203,000 in the 3-mile radius, with a average household income of approximately $134,262, well above both the Los Angeles County and California averages, and a surrounding San Gabriel Valley trade area that also exceeds the county income average.

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