Chase Bank NNN Property For Sale — Gardena, CA
1301 Redondo Beach Blvd., Gardena, CA 90247
This rarely available Chase Bank property presents an outstanding investment opportunity in Gardena, CA, situated in Los Angeles County's prime South Bay retail market. The asset features a brand-new 15-year absolute NNN corporate-guaranteed ground lease with JP Morgan Chase, N.A., benefiting from 10% rental increases every five years throughout the initial term and all four five-year option periods. Positioned on a prominent hard corner along Redondo Beach Blvd, directly across from a Vons-anchored shopping center, the location ensures high visibility and steady customer traffic. This newly constructed property, completed in 2013, includes two drive-thru lanes and prominent street signage, eliminating landlord management responsibilities as the tenant directly covers all expenses. The su…
- Address: 1301 Redondo Beach Blvd., Gardena, CA 90247
- Asking price $8.12M
- 4.25% cap rate
- NOI $345,015
- 15 years remaining
- NNN lease
- Year built: 2013
- Building size: 3,169 SF
- Lot size: 0.89 acres
- Rent increases: Every 5 years
- Guarantor: Corporate
Location
This Chase Bank property is at 1301 Redondo Beach Blvd. in Gardena, California.
Asset type: Retail - Free Standing