1119 W PACIFIC COAST HWY - CBD AWAKENINGS
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CBD AWAKENINGS
1119 W PACIFIC COAST HWY
WILMINGTON, CA 90744
Excl usive Li sti ng Agents
N I C K K AY E WES LEY CO NN OLLY MATT S U NDB ERG BROK E R OF RE CORD
Associate, Net Lease Retail Vice President, Net Lease Retail Senior Associate, Leasing Kyle Matthews
ni c k.kaye@matthew s .co m we sl e y.con n ol l y@ma t t h e ws.com ma t t . su n dbe rg @ma t t h e ws .c o m LI C # 1 9 7 2 1 8 9 ( CA )
DIR ( 949) 662-225 3 D IR (949) 43 2 -45 12 D IR (949) 7 7 7 -5 991
L I C # 0 20 8945 1 ( CA) L IC # 0 1962 3 3 2 (CA ) L IC # 0 2 0 5 2 5 40 (CA )
2I
$4,000,000 4.50% 4.97% ±9,728 SF ±0.54 AC 2014
LIST PRICE CAP RATE BLENDED BUILDING GLA LOT SIZE YEAR BUILT
CAP RATE
INVESTMENT HIGHLIGHTS
• Brand New Lease – The tenant, Awakenings CBD, just signed a new 5-year lease at this location. The tenant has over 20
locations with a rapid expansion model.
• Absolute NNN Lease – The property has an Absolute NNN lease with zero landlord responsibilities. The tenant is responsible
for all expenses: taxes, insurance, and maintenance; including roof and structure.
• 5% Annual Rental Increases – The lease has rare 5% annual rental increases, providing an excellent hedge against inflation.
• Dense Demographics – The 5-mile population is over 452,897 within a 5-mile radius with an average household income
$99,702.
• Heavily-Trafficked Corridor – Traffic counts on Pacific Coast Highway are north of 51,000 vehicles per day.
• 2014 Construction – Newer construction building with 9,728 SF GLA and a .54 AC lot.
Matthews™ I 3
ANNUALIZED OPERATING DATA
TERM MONTHLY RENT ANNUAL RENT RENT PSF CAP RATE
INITIAL TERM
4/1/2022 - 3/31/2023 $14,981.12 $179,773.44 $18.48 4.50%
4/1/2023 - 3/31/2024 $15,730.18 $188,762.16 $19.40 4.72%
4/1/2024 - 3/31/2025 $16,516.68 $198,200.16 $20.37 4.96%
4/1/2025 - 3/31/2026 $17,342.52 $208,110.24 $21.39 5.20%
4/1/2026 - 3/31/2027 $18,209.64 $218,515.68 $22.46 5.46%
OPTION 1
4/1/2027 - 3/31/2028 $19,120.12 $229,441.46 $23.59 5.74%
4/1/2028 - 3/31/2029 $20,076.13 $240,913.54 $24.76 6.02%
4/1/2029 - 3/31/2030 $21,079.93 $252,959.21 $26.00 6.32%
4/1/2030 - 3/31/2031 $22,133.93 $265,607.17 $27.30 6.64%
4/1/2031 - 3/31/2032 $23,240.63 $278,887.53 $28.67 6.97%
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NARBONNE HIGH SCHOOL
S A N I TAT I O N D I S T R I C T S O F
LOS ANGELES COUNTY
SUBJECT
PA C I F I C C O A S T H I G H WAY
PROPERTY
± 40,000 VPD
LOS ANGELES
HARBOR COLLEGE
I N T E RSTATE
110
± 105,000 VPD
Matthews™ I 5
WILMINGTON, CA
Wilmington, California is a modern and progressive community with a long and proud
history of being the gateway to Los Angeles and the rest of Southern and Central
California. There are historical museums, military installations, parks and waterfront
attractions to visit. D EMOGR AP H ICS
LO S A N G E L E S POPULATION 1 Mile 3 Mile 5 Mile
Los Angeles officially the City of Los Angeles and often known by its initials L.A., is the 2021 Estimate 34,398 185,992 452,897
most populous city in California; the second most populous city in the United States, 2010 Census 33,888 183,230 449,300
after New York City; and the third most populous city in North America, after Mexico
Growth 2010 - 2021 1.50% 1.51% 0.80%
City and New York City. With an estimated population of nearly four million people, Los
Angeles is the cultural, financial, and commercial center of Southern California. HOUSEHOLDS 1 Mile 3 Mile 5 Mile
The city of Los Angeles holds many distinctions. L.A. is the entertainment capital of 2026 Projection 9,835 61,220 157,609
the world, a cultural mecca boasting more than 100 museums, many of them world- 2021 Estimate 9,530 59,278 153,586
class, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame’s
2010 Census 8,951 55,886 145,261
collection of stars (numbering more than 2,614 and growing by one or two a month) to
career opportunities like those presented in the expanding tech industry, Los Angeles Growth 2021 - 2026 3.20% 3.27% 2.62%
is the place to be. Growth 2010 - 2021 6.47% 6.07% 5.73%
Los Angeles is on the leading edge of several growth industries. The Los Angeles INCOME 1 Mile 3 Mile 5 Mile
metropolitan area, with more than 23,000 art jobs, is the country’s leading artistic center,
2021 Est. Average
surpassing the previous champion, New York. In other words, Los Angeles has both a $74,894 $96,072 $99,702
Household Income
larger concentration and an absolute number of artists than New York. The L.A. five-
county area is also a major tech center, with more than 700,000 people at work in health
services/biomedical activities and 190,000 people in aerospace. Here are some more
facts and figures about Los Angeles: the city, the county, and the region.
Los Angeles County employs A culturally diverse city, with a growing It is the largest and most populous
over 913,000 people in several culinary scene, shopping, museums, city in the state of California and the
growing industries and a reputation for being the creative cultural, financial, and commercial
center of America. center of Southern California.
ECONOMY
The LA economy is famously and heavily based on the entertainment industry,
with a particular focus on television, motion pictures, interactive games, and
recorded music - the Hollywood district of Los Angeles and its surrounding areas
are known as the “Movie Capital of the United States” due to the region’s extreme
commercial and historical importance to the American motion picture industry.
Other significant sectors include shipping/ international trade - particularly at the
adjacent Port of Los Angeles and Port of Long Beach, together comprising the
United States’ busiest seaport - as well as aerospace, technology, petroleum,
fashion and apparel, and tourism.
L.A. County is an entertainment, manufacturing and international trade behemoth,
with a fast-growing high-tech and digital media industry cluster largely centered
in West L.A. and, increasingly, in the Hollywood area and beyond.
With $807 billion in annual output, Los Angeles County
M A JOR EMP LOYER S I N LO S ANG E LE S ranks among the world’s largest economies. Its GDP,
which would rank No. 19 in the world if it were a
standalone nation, is larger than Switzerland and Saudi
Arabia, and right behind Netherlands and Turkey,
underscoring the magnitude of the region’s economy.
Matthews™ I 7
TOURISM
Tourism accelerated Los Angeles County’s economic prosperity in 2018 as
visitors pumped an all-time high $23.9 billion directly into the L.A. economy,
generating a record $36.6 billion in total economic impact. A new economic
impact report released today by Los Angeles Tourism & Convention Board
demonstrates the power of tourism in Los Angeles during National Travel &
Tourism Week, an annual event established by Congress and organized by the
50 MILLION
U.S. Travel Association to celebrate the impact of travel. 50 Million People traveled to Los Angeles
Tourism supported 534,258 jobs in L.A. County’s Leisure & Hospitality sector, last year
its highest total on record, employing 1 in every 8.5 workers in the county.
Reaffirming the strength of the sector, tourism added 9,700 new jobs last year.
$22 BILLION
LA visitors spent $22 billion on hotels, restaurants,
shopping, attractions and more
525,000
There are 525,000 jobs supported by the Los Angeles
tourism industry
AT T R A C T I O N S
Some of the world’s best-known and most iconic landmarks and attractions
call Los Angeles home: the Hollywood Sign; Griffith Observatory; the Getty
Center; the Walt Disney Concert Hall at the Music Center in Downtown L.A.; the
Hollywood Walk of Fame; the TCL Chinese Theatre; Space Shuttle Endeavour
at the California Science Center; the Battleship USS Iowa located at the Port
of Los Angeles in San Pedro; Air Force One at the Ronald Reagan Library; and
Universal Studios Hollywood, with its dynamic immersive experience, The 8 YEARS
Wizarding World of Harry Potter™. LA has celebrated 8 consecutive years of record
growth
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A R T S & C U LT U R E
With various museums and exhibits, Los Angeles is full of inspiring art
and diverse cultural experiences. In fact, Los Angeles has more museums
and theatres than any other city in the U.S., making it the perfect place
to be immersed in arts and culture. Los Angeles is home to more than
105 museums, 225 theaters, 55 magnificent structures by the world’s top
architects and 16 of the world’s most beautiful gardens. It also boasts more
than 1,500 theatrical productions annually.
TOURISM
With famous venues like the Staples Center at L.A. LIVE, home to the
NBA’s Los Angeles Lakers and Los Angeles Clippers, NHL’s L.A. Kings,
and Dodger’s Stadium, where the Los Angeles Dodgers serve as a main
attraction sports fans flock to in L.A. Los Angeles is also home to several
esteemed universities that have large sports followings such as USC and
UCLA.
LOS ANGELES LAKERS LOS ANGELES RAMS
(National Basketball Association) (National Football Association)
18,997 Avg. Attendance 71,229 Avg. Attendance
LOS ANGELES DODGERS LOS ANGELES KINGS
(Major League Basketball) (National Hockey Association)
49,065 Avg. Attendance 18,000 Avg. Attendance
Matthews™ I 9
CBD AWAKENINGS
1119 W PACIFIC COAST HWY
WILMINGTON, CA 90744
C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T
This Leasing Package contains select information pertaining to the business and affairs of Property located at 1119 W Pacific Coast Hwy Wilmington, CA 90744 (“Property”). It has
been prepared by Matthews Real Estate Investment Services. This Leasing Package may not be all-inclusive or contain all of the information a prospective lessee may desire. The
information contained in this Leasing Package is confidential and furnished solely for the purpose of a review by a prospective lessee of the Property. The material is based in part
upon information supplied by the Owner. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness
of this Leasing Package or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective lessees should make their own projections and
form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to lease the Property
and to terminate discussions with any person or entity reviewing this Leasing Package or making an offer to lease the Property unless and until a lease has been fully executed and
delivered.
In no event shall a prospective lessee have any other claims against Owner or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers,
Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing of the Property.
This Leasing Package shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the
Property since the date this Leasing Package.
Excl us i ve Li st i ng Agents
NIC K KAYE WESLEY CONN OLLY MATT SUND BERG BROKER OF R ECOR D
Associate, Net Lease Retail Vice President, Net Lease Retail Senior Associate, Leasing Kyle Matthews
n i c k . k a y e @m a tt h e w s .c o m w e s l e y.c onnolly @ m a tthe ws.c om m a tt.sund b e r g@ m atthews.com LIC # 1972189 (CA)
DIR ( 94 9 ) 6 6 2-225 3 D IR (9 4 9 ) 4 32 - 4 512 D IR (9 4 9 ) 7 7 7-5991
L I C # 0 2 0 8 94 5 1 ( CA ) L IC # 019 6 2 332 (CA) L IC # 02 052 540 (CA)
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