Lyon Stahl is pleased to present 3308 Highland Ave, a 1,263 SF single-tenant retail building situated on a 1,756 SF lot just 3 blocks from The Strand. This is a rare opportunity to own retail space on Highland Ave with a NNN tenant (cycling studio) that currently pays $6.33/SF/month. The location is ideal for a future owner-user or 1031 Exchange Buyer and is uniquely situated on a pedestrian-friendly street that sees more than 38,000 cars per day.
Currently stabilizing at a 3.75% CAP, this asset offers little management responsibility, strong cash flow, and tremendous growth potential due to its unbeatable location in Manhattan Beach.
<li>1,263 SF of Retail Space | Situated on a 1,756 SF Lot</li>
<li>Prime location in North Manhattan Beach, only 3 blocks from The Strand</li>
<li>3.75% CAP Rate | NNN Tenant | $6.33/SF/month</li>
<li>Dense population & affluent demographics – more than 566,458 people in a 5-mile radius, as well as an average household income exceeding $112K , 1-Mile</li>