Shoeteria | NNN Lease with Corporate Guaranty — Sale in Gardena, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Gardena, CA 90247

Photos

Shoeteria | NNN Lease with Corporate Guaranty — Sale in Gardena, CA, photo 1 of 5
Shoeteria | NNN Lease with Corporate Guaranty — Sale in Gardena, CA, photo 2 of 5
Shoeteria | NNN Lease with Corporate Guaranty — Sale in Gardena, CA, photo 3 of 5
Shoeteria | NNN Lease with Corporate Guaranty — Sale in Gardena, CA, photo 4 of 5
Shoeteria | NNN Lease with Corporate Guaranty — Sale in Gardena, CA, photo 5 of 5

Investment Figures

Cap rate
5.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

--AN IRREPLACEABLE SOUTH BAY CORNER -Hard Signalized Corner With Dual Street Frontage and Full Building Visibility From Both Directions, the Positioning Institutional and Private Buyers Consistently Underwrite Most Aggressively ±31,500 Vehicles Per Day Along Redondo Beach Boulevard, One of the South Bay's Principal East-West Arterials Linking the I-110 and I-405 Freeways ±5,200 Square Feet on a ±9,272 Square Foot Hard-Corner Parcel, a Site Configuration That Could Not Be Assembled or Entitled in This Corridor Today -Dual-Street Ingress and Egress With Dedicated On-Site Parking and Building Signage Visible From Both Frontages -Immediately Surrounded by National and Regional Retail Including Target, CVS, Raising Canes, Ralphs, US Bank - Delivering Cross-Shopping Traffic Without the Co-Tenancy or Rollover Exposure That Comes With Owning Inside a Multi-Tenant Center --TRADE AREA & BASIS -The South Bay's Aerospace, Manufacturing, Logistics, and Port-Adjacent Employment Base Is the Direct End Customer for Work Boots and Job-Site Apparel, Tying Store Performance to Industrial Employment Rather Than Discretionary Retail Cycles -Positioned Between the I-110 and I-405 Freeways Within One of the Densest Combined Residential and Employment Corridors in Los Angeles County -727,770+ Residents, $112,490+ Average Household Income and 764,740+ Daytime Population Inside the Five-Mile Trade Area -Shoeteria's In-Store Boot Fitting, B2B Industrial Accounts, and Mobile Boot Truck Program Are Service-Based and Locally Dispatched, Insulating the Use From E-Commerce Displacement Investment Highlights: • Hard Signalized Corner on Redondo Beach Boulevard, a Primary South Bay Arterial Carrying ±31,600 Vehicles Per Day • Corporate-Guaranteed NNN Lease Backed by Work World, a Private Equity-Sponsored 38-Location Workwear Platform, With Minimal Landlord Obligations Limited to Roof and Structure • Fixed Rent Escalations Averaging 3.4%–3.7% Annually, Roughly Double the 2% Standard Across Competing

Market Context

This retail in Gardena, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Gardena, CA — view the full market.

As of Q2 2026, the Greater Los Angeles retail market showed a 5.6% vacancy rate, and average asking rents near $34.14/SF/yr. Source: multiple brokerage reports, Q2 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Greater Los Angeles retail market tightening or softening?
Vacancy is around 5.6% (Q2 2026).

Estimated Price per SF

$355.93/SF – $2,589/SF

Mid: $1,079/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

Explore this market

Similar Retail Business for Sale in California