Three-Tenant NNN
For Sale
Contact for pricing
1343-1349 3rd Street Promenade, Santa Monica, CA 90401
A 1926-built commercial asset with three occupants under an NNN lease structure.
Property Size21,557 SF
Price / SF$1,246
Days on Market136
Property Features for 1343-1349 3rd Street Promenade
General Information
Standard status
Active
Size
21,557 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$1,747,207
Additional Details
Cap Rate
6.5%
Building Details
Year Built
1926
Year Renovated
2024
Buildings
3
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
CBRE - South Bay
Listed By:
Bo Henderson · License #02148577
(310) 892-5644
Source:
Crexi
Added: Apr 20
Changed: Sep 1
Last Checked: Sep 1 at 8:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
Investment Insights
Based on property information with market context.
Located at 1343-1349 3rd Street Promenade in Santa Monica, this 1926-built commercial property is configured for three tenants under NNN lease terms. The asset is offered for sale as a multi-tenant commercial property on the 3rd Street Promenade.
The property carries a 6.5% cap rate and is positioned within Santa Monica’s established commercial setting. Its address places the asset on 3rd Street Promenade, providing a clearly identified storefront-oriented location for prospective buyers evaluating NNN commercial real estate.
The property carries a 6.5% cap rate and is positioned within Santa Monica’s established commercial setting. Its address places the asset on 3rd Street Promenade, providing a clearly identified storefront-oriented location for prospective buyers evaluating NNN commercial real estate.
Key Highlights
- 3‑tenant NNN property
- 6.5% cap rate
- Built in 1926
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,032
Businesses Nearby
455k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Apparel 31%
Shops & Services 14%
Superstores 9%
Target
Superstores
38,703 visits/mo
0.2 miles
T.J. Maxx
Apparel
31,827 visits/mo
0.1 miles
Hillstone
Dining
26,824 visits/mo
0.3 miles
Nordstrom
Apparel
25,648 visits/mo
0.3 miles
Trader Joe's
Groceries
23,003 visits/mo
0.2 miles
Demographics for 90401, CA
8,167
Population
5,782
Households
1.4
Avg Household Size
39
Median Age
76%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
10,209
Density / Sq Mi
$106,704
Median Household Income
$98,906
Median Earnings
$2,549
Median Rent
$1,129,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - A 1926-built commercial asset with three occupants under an NNN lease structure.
Where is this nnn property located?
The property is located at 1343-1349 3rd Street Promenade Santa Monica, CA.
What is the asking price?
The asking price for this property is $26,880,000.
What are key features of this property?
This property features: 3‑tenant NNN property; 6.5% cap rate; Built in 1926
