Los Angeles, CA - Target
$18,720,000
8900 S. Sepulveda Boulevard, Los Angeles, CA 90045
5
Cap Rate
935,990
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased Target investment property located in Los Angeles, California. The approximately 25,400-square-foot property is leased to Target Corporation (S&P: A), one of the nation’s largest retailers, with the initial lease term extending through January 2036. The lease features a 10% rental increase in February 2031, increasing annual rent from $935,990 to $1,029,716, followed by four extension options with additional 10% increases at the beginning of each option period. The tenant is responsible for taxes, utilities, day-to-day maintenance, the roof covering and other operating expenses, providing investors with a passive investment backed by the corporate Target lease signature. This offering represents a rare opportunity to acquire a credit single tenant, trophy asset within infill area characterized by extremely high barriers for new development.
The Target is strategically located along S. Sepulveda Boulevard (60,200 VPD), immediately north of Los Angeles International Airport (LAX) and near the signalized intersection with Westchester Parkway. LAX served more than 73.7 million passengers in 2025, averaging approximately 202,000 arriving and departing passengers and nearly 1,590 aircraft movements per day, generating substantial daily activity throughout the surrounding Westchester trade area. The property is surrounded by a dense concentration of national retailers and service-oriented businesses, with nearby tenants including Ralphs, CVS Pharmacy, Starbucks, Petco, Trader Joe’s, Ross Dress for Less, Kohl’s, TJ Maxx, HomeGoods, Staples, IHOP, Verizon, Wells Fargo, Citi and Bank of America. Additional destination retail is concentrated at Westchester Village and Villa Marina Marketplace, while nearby Loyola Marymount University and the broader LAX employment base further support daytime traffic. The 5-mile trade area includes approximately 589,400 residents and 321,500 employees with an average household income of approximately $159,700, providing Target with an exceptionally dense and affluent customer base.
Location
Gallery
