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Property Detail

Hawthorne Boulevard
13039-13045 Hawthorne Boulevard is home to a 14,843-square-foot big-box retail building .
$1,000,000

Description

  • 13039-13045 Hawthorne Boulevard is home to a 14,843-square-foot big-box retail building with a rear additional parking lot.
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  • Dollar Tree, the current tenant, has occupied the space for 10 years and will not renew, delivering premium big-box space for a new user.
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  • Building underwent a full renovation in 2014, received a new $40,000 roof in 2023 with a five-year warranty, and offers prominent building signage.
  • Just 6 miles from Los Angeles International Airport and convenient of the 405, 105, and 110 Freeways for prime accessibility.
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  • This offering adds value by leasing to a potential national tenant at a higher rent.

Executive Summary

Colliers is pleased to exclusively present the premier big-box retail asset at 13039-13045 Hawthorne Boulevard to the market. The building is currently home to the national tenant, Dollar Tree, which has operated out of the space since 2014. Dollar Tree will not renew its lease, delivering the asset vacant to the market with the tenant out by January 31, 2025. This enables an investor to lease the 14,843 square feet of big-box space to a new national tenant at a higher market rent. The subject asset is ideally located at the corner of Hawthorne Boulevard and W 131st Street, where the attached parking lot is right behind the building, offering 38 parking spaces for patrons. The location is just a few feet from the busy signalized intersection of Hawthorne Boulevard and W 132nd Street, which sees pedestrians and bikers on the paved sidewalks, short-term street parking directly out front, and more than 35,400 cars passing daily – a significant advantage of the building’s prominent signage opportunity.

A handful of miles from Southern California’s shorefront communities, Hawthorne is a well-developed suburb south of Los Angeles. It is best known as an up-and-coming technology hub, home to SpaceX, Tesla, OSI Systems, and more. With great employment bases comes solid demographic and area characteristics, such as the city’s convenient accessibility to the 405, 105, and 110 Freeways. Los Angeles International Airport and Long Beach (Daughtery Field) Airport are less than 20 miles away. Hawthorne Boulevard is the city's major thoroughfare, with many other national retailers creating a synergistic presence. This includes but is not limited to Planet Fitness, Goodwill, Denny’s, Subway, Popeyes, Starbucks, McDonald’s, Jack-in-the-Box, Walgreens, Target, and more.

13039-13045 Hawthorne Boulevard’s encompassing 3-mile demographics confirm a residential population of $275,328, an average household income just shy of $100,000, and an annual consumer spending power of more than $3.1 billion. Of this realm, there are approximately 121,942 daytime employees, 98,140 of whom report to service-producing industries. All of these showcase consumer demand and a large employment pool.

Hawthorne Boulevard

Listing ID : 00564

SKU: 564

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Price History

DateEventPrice
December 3 2024Listed$1,000,000.00