14249 Whittier Blvd
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14249 Whittier Blvd
5,600 SF Retail Building Whittier, CA 90605 £4,691,879 (£837.84/SF) 4.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Opportunity to own a single-tenant triple net asset with a corporate-backed Amazon lease with 10% increases every 5 years.
- 14249 Whittier Boulevard is a completely renovated building with a 20-year roof warranty, liquor sales permitting, and a food prep kitchen.
- Tenants benefit from excellent monument signage displayed in a high-traffic location, with almost 60,000 vehicles passing through per day.
- Situated at the signalized corner of Whittier Boulevard and Ocean View Avenue, this property benefits from easy ingress and egress.
- Surrounded by various retailers such as Starbucks, LA Fitness, Big 5 Sporting Goods, Ralph's, Target, HomeGoods, and Ulta Beauty.
- Dense and affluent demographics within a 5-mile radius were over 449,832 residents, bringing in an average household income of $123,183.
EXECUTIVE SUMMARY
14249 Whittier Boulevard is a prime single-tenant triple-leased property in Whittier, California. Amazon Go, the tenant, is corporately guaranteed by Amazon and provides an owner the peace of mind of acquiring a highly coveted investment-grade tenanted property.
With the property's excellent frontage of approximately 130 feet on Whittier Boulevard and 21 parking spaces, there is potential for future demising of the premises into a multi-tenant center. Additionally, this recently completely renovated building has a roof warranty of 20 years and features high ceilings and no deferred maintenance. 14249 Whittier Boulevard is also permitted for liquor sales and includes a kitchen for food preparation.
Amazon Go is a groundbreaking retail platform that revolutionizes the shopping experience by allowing customers to enter the store, select their items, and leave without waiting in line. Utilizing advanced technologies like computer vision and deep learning, the “Just Walk Out” feature automatically charges customers through the Amazon app, enhancing convenience and efficiency. With a diverse range of products, from fresh groceries to ready-to-eat meals, Amazon Go caters to busy lifestyles while leveraging data analytics for personalized shopping experiences. Additionally, its focus on sustainability minimizes waste and energy use, making it a glimpse into the future of retail that prioritizes customer satisfaction and environmental responsibility.
The subject property is located on a signalized hard corner with great visibility on the main Whittier Boulevard arterial, which sees nearly 60,000 vehicles per day and has an almost half-million-population density within a 5-mile radius. It is less than a mile down on Whittier Boulevard from the Friendly Hills Marketplace anchored by Amazon Fresh, which was built in 2017.
This site is a commercial corridor trending as part of a revitalization encouraging high-end residential and retail/commercial development along Whittier Boulevard. It benefits from its proximity to a 75-acre master-planned Brookfield community called The Groves, which includes over 500 homes, nearly 200 apartments, and 150,000 square feet of retail/commercial space built in 2021, and only a couple blocks from the newly built 76-unit Catalina Luxury Apartments. Also nearby are Whittier Hospital Medical Center and East Whittier Middle School. With all the new projects, Whittier has become an upscale residential community boasting average household incomes of over $100,000 and pedestrian and pet-friendly parks, hiking paths, and recreation.
With the property's excellent frontage of approximately 130 feet on Whittier Boulevard and 21 parking spaces, there is potential for future demising of the premises into a multi-tenant center. Additionally, this recently completely renovated building has a roof warranty of 20 years and features high ceilings and no deferred maintenance. 14249 Whittier Boulevard is also permitted for liquor sales and includes a kitchen for food preparation.
Amazon Go is a groundbreaking retail platform that revolutionizes the shopping experience by allowing customers to enter the store, select their items, and leave without waiting in line. Utilizing advanced technologies like computer vision and deep learning, the “Just Walk Out” feature automatically charges customers through the Amazon app, enhancing convenience and efficiency. With a diverse range of products, from fresh groceries to ready-to-eat meals, Amazon Go caters to busy lifestyles while leveraging data analytics for personalized shopping experiences. Additionally, its focus on sustainability minimizes waste and energy use, making it a glimpse into the future of retail that prioritizes customer satisfaction and environmental responsibility.
The subject property is located on a signalized hard corner with great visibility on the main Whittier Boulevard arterial, which sees nearly 60,000 vehicles per day and has an almost half-million-population density within a 5-mile radius. It is less than a mile down on Whittier Boulevard from the Friendly Hills Marketplace anchored by Amazon Fresh, which was built in 2017.
This site is a commercial corridor trending as part of a revitalization encouraging high-end residential and retail/commercial development along Whittier Boulevard. It benefits from its proximity to a 75-acre master-planned Brookfield community called The Groves, which includes over 500 homes, nearly 200 apartments, and 150,000 square feet of retail/commercial space built in 2021, and only a couple blocks from the newly built 76-unit Catalina Luxury Apartments. Also nearby are Whittier Hospital Medical Center and East Whittier Middle School. With all the new projects, Whittier has become an upscale residential community boasting average household incomes of over $100,000 and pedestrian and pet-friendly parks, hiking paths, and recreation.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,600 SF
Building Class
C
Year Built/Renovated
1976/2022
Price
£4,691,879
Price Per SF
£837.84
Net Initial Yield
4.75%
NOI
£222,878
Tenancy
Single
Number of Floors
1
Building FAR
0.35
Lot Size
0.37 AC
Zoning
WHC2*
Parking
21 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signage
- Signalised Intersection
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Very Walkable (76)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
20,562
157,344
420,395
664,114
2029 Population
19,805
151,926
406,117
641,755
2024-2029 Projected Population Growth
-3.7%
-3.4%
-3.4%
-3.4%
Median Age
39.9
38.9
39.7
40.0
College Degree + Higher
28%
24%
25%
19%
Daytime Employees
11,140
65,610
154,848
268,328
Total Businesses
893
7,149
16,315
30,447
Average Household Income
$119,943
$108,063
$110,699
$113,622
Median Household Income
$100,453
$87,321
$90,012
$92,095
Total Consumer Spending
$270.4M
$1.9B
$5B
$8B
2024 Households
6,383
48,276
126,370
200,664
Average Home Value
$756,629
$728,062
$710,858
$715,450
$ values in USD
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8147-015-001 | Improvements Assessment | £1,888,167 |
| Land Assessment | £2,674,903 | Total Assessment | £4,563,070 |
PROPERTY TAXES
Parcel Number
8147-015-001
Land Assessment
£2,674,903
Improvements Assessment
£1,888,167
Total Assessment
£4,563,070
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14249 Whittier Blvd
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