1251 4th Street, Santa Monica, CA 90401

Building Details

Year Built

1956

Listing agent Kyle Miller License #CA 01716644

Listing office Newmark | Los Angeles - Downtown

Listing date May 28, 2026

Source Crexi

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Overview

This property is a single-tenant net leased retail asset occupied by TJ Maxx. The offering includes a TJ Maxx store operating on 0.32 acres with a stated building size of 32,000 square feet. The store has operated at this location since 2009, and the tenant has recently executed the first option, with that option period expiring in 2032. Two additional five-year options remain.

The property is located at 1251 4th Street on the signalized hard corner of Arizona Avenue and 4th Street, in the heart of Santa Monica’s commercial district. The site is described as coastal and high-profile, benefitting from heavy pedestrian and tourism activity associated with the area.

For investors and credit-focused buyers, the tenant is TJ Maxx, whose parent company TJX (NYSE) is identified in the materials as a stable, credit-worthy retailer. The information provided also states TJX’s scale, including a market cap exceeding $175 billion and 12-month revenues of over $61 billion, along with a positive net cash position. The lease structure includes a term through 2032 and two remaining five-year options, supporting a straightforward long-term hold profile consistent with the single-tenant configuration.

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

• Map
• Local Demand

City

Santa Monica

County

Los Angeles

State

California

Longitude

-118.497631

Latitude

34.01899

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FAQs

What type of property is this?

Retail space - Coastal TJ Maxx on a signalized corner in Santa Monica’s retail core, anchored by a long-standing single-tenant lease.

Where is this retail space located?

The property is located at 1251 4th Street Santa Monica, CA.

What is the asking price?

The asking price for this property is $20,218,000.

What are key features of this property?

This property features: Single‑tenant net leased TJ Maxx in Santa Monica, located at 1251 4th Street; 32,000 SF TJ Maxx on 0.32 acres, operating at the property since 2009; Lease recently executed 1st option; expires in 2032 with two (2) additional 5‑year options remaining