Whittier, CA - Rodeo 72

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, 16-tenant food hall located in Whittier, California (Los Angeles MSA). The subject property features a diverse lineup of popular, beloved food concept tenants, which generates robust customer traffic to the site. Tenants operate under NNN leases, effectively minimizing expense leakage for a future investor. Additionally, 3% annual rent escalations across all leases provide reliable income growth and hedge against inflation.

The site is ideally situated as an outparcel to The Groves, a 146,300 SF shopping center anchored by Stater Bros. and EoS Fitness. The asset benefits from strategic positioning along Whittier Boulevard, which boasts traffic counts of more than 47,400 vehicles per day. Furthermore, the subject property is located just 1.5 miles southeast of the on/off ramps to Interstate 605 (227,500 VPD), a heavily traveled freeway serving the greater Los Angeles metropolitan area. Positioned within a dense retail corridor, the site is in close proximity to numerous national and credit tenants including Home Depot, Vallarta, Ross, TJ Maxx, Ralphs, Food 4 Less, Planet Fitness, CVS, and many others. This strong tenant synergy enhances consumer draw to the immediate trade area and promotes valuable crossover traffic to the subject property. Moreover, the asset is directly adjacent to The Groves Residential, a master-planned community comprising 561 homes and 189 apartments. This provides a direct, built-in residential consumer base. The dense 5-mile trade area is supported by over 440,000 residents and 172,000 daytime employees who demonstrate affluent average household incomes exceeding $120,000.