1427 4Th St Santa Monica, CA 90401
Single tenant West Elm property in prime Santa Monica location.
Source:
Nmrk
Listing Agent: Bill Bauman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Santa Monica Retail Investment Opportunity
Located in the coastal community of Santa Monica, this property features 24,705 square feet of improvements on a 0.38-acre parcel. The property fronts 4th Street, situated between Santa Monica Boulevard and Broadway, within the heart of Santa Monica’s commercial and pedestrian district. This area includes the 3rd Street Promenade and Santa Monica Place. The property is currently occupied by West Elm, under a 12-year lease expiring in 2031, with 3% annual increases. West Elm is a wholly-owned subsidiary of Williams-Sonoma, Inc (NYSE:WSM). The West Elm lease is fully guaranteed by Williams-Sonoma, Inc. The surrounding area has a dense consumer base and daytime population. The demographic profile within a 3-mile radius includes 168,946 people with an average household income exceeding $184,000, and within a 5-mile radius, there are over 407,200 people with an average household income exceeding $180,500.
Location Intelligence
Current Use by Public Records
west elm
Furniture Store
National Air Duct ...
Air Duct Cleaning Service
west elm Bedding
Water Damage Restoration Service
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.4947094
- Latitude
- 34.016034
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - Single tenant West Elm property in prime Santa Monica location.
Where is this retail property located?
The property is located at 1427 4Th St Santa Monica, CA.
What are key features of this property?
This property features: - High-credit, single-tenant NNN lease guaranteed by Williams-Sonoma, Inc. (NYSE:WSM), providing ultimate security and stability.; - Core Santa Monica location within the heart of the commercial and pedestrian-friendly district, near the 3rd Street Promenade and Santa Monica Place.; - 12-year lease with West Elm expiring in 2031, featuring 3% annual rent increases, hedging against inflation.