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    11860 Whittier Blvd Whittier, CA 90601

    Sponsored
    For Sale
    $4,130,000

    City National Bank, NNN Lease, High ROI

    Property size:
    2,149 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    347
    This exceptional investment opportunity presents the chance to acquire two freestanding buildings totaling 2,149 square feet, fully occupied by City National Bank (S&P rating: AA-), under a brand-new 10-year NNN lease. The lease boasts a 4.60% cap rate and includes attractive 3% annual rent bumps throughout the initial term and two 5-year option periods, providing a stable and inflation-hedged income stream of $190,000 annually. Located at 11860 Whittier Blvd, Whittier, CA 90601, this property sits on a 0.49-acre lot with 24 parking spaces and benefits from a prime location in a dense retail corridor. The property is an outparcel to The Groves, a new 146,300 square foot shopping center, and enjoys excellent visibility and accessibility, situated less than 1.5 miles from Interstate 605 (257,000 VPD). The surrounding area features strong demographics, including a high average household income of $110,572 within a 5-mile radius, and is characterized by high barriers to entry for new development. The property is zoned SP (Specific Plan) and includes APN numbers 8170-040-091 and 8170-040-092. Built in 2024, this fee simple interest (land and building ownership) presents a compelling investment opportunity in a thriving Southern California retail market, anchored by national tenants such as The Home Depot, Burlington, T.J. Maxx, Ross Dress For Less, and Michaels, and adjacent to a master-planned residential community. The lease commenced December 1st, 2024, and expires November 30th, 2034.

    Property Features for 11860 Whittier Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,149 SF
    Lot Size
    21,344 SF

    Building Details

    Year Built
    2024
    Buildings
    2

    HighLights

    • $4,130,000 asking price for a 2,149 SF retail property.
    • Fee simple ownership of two buildings, fully occupied by City National Bank (S&P rating: AA-).
    • New 10‑year NNN lease with 3% annual rent increases and two 5‑year options.
    • Located in Whittier, CA, near the intersection of Whittier Blvd and Sorensen Ave, less than 1.5 miles from Interstate 605.
    • Outparcel to The Groves shopping center, in a dense retail corridor with strong national tenants.
    • Strong demographics, with high average household income in the 5‑mile trade area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whittier
    County
    Los Angeles
    State
    California
    Longitude
    -118.0489465
    Latitude
    33.9776718

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    FAQs

    What type of property is this?
    Individual retail property - City National Bank, NNN Lease, High ROI
    Where is this individual retail property located?
    The property is located at 11860 Whittier Blvd Whittier, CA.
    What is the asking price?
    The asking price for this property is $4,130,000.
    What are key features of this property?
    This property features: $4,130,000 asking price for a 2,149 SF retail property.; Fee simple ownership of two buildings, fully occupied by City National Bank (S&P rating: AA-).; New 10-year NNN lease with 3% annual rent increases and two 5-year options.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11860 Whittier Blvd Whittier, CA 90601
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