Single Tenant Net Leased Investment For Sale

Highlights:

• 46 West Colorado is an inline freestanding single story retail building 100% occupied by Athleta.
• The building was constructed in 1922 and over the years has been improved structurally and cosmetically, including seismic retrofitting. In 2007, the Landlord made substantial capital improvements to the building and in 2014, additional updates and improvements were made by Athleta.
• The property is located right next door to the Apple Store in the heart of the urban retail of Pasadena. Over 1,000 people per day visit or shop at the Apple store.
• Our retail neighbors, such as Tiffany’s, Lululemon, Tesla, Forever 21 and The Cheesecake Factory, speak for the strength of the area.
• There is a parking easement of 10 spaces for the benefit of the property at 37 South Delacy which affords the new owner flexibility in adding square footage or other potential uses. The frontage of the property is not designated as historic, so the owner can make changes to the building’s façade and use.
• Landlord responsibility is very limited.
• Athleta is a private subsidiary of The Gap with over 120 locations. The lease was executed and is guaranteed by Athleta.
• Please do not disturb tenant. Call broker for a tour.

Description:

Generational Opportunity to Purchase a Single Tenant Net Leased Investment to a Credit Tenant on one of America's Premier Walking Streets.

The property is located at the 50 Yard Line for retail on Colorado Blvd in Old Pasadena. Located next to Apple and Tiffany, Athleta and across Colorado from One Colorado Athleta benefits from the traffic generated by neighboring tenants and strong exposure