Shoeteria | NNN Lease

• Hard Signalized Corner on Redondo Beach Boulevard, a Primary South Bay Arterial Carrying ±31,600 Vehicles Per Day
• Corporate-Guaranteed NNN Lease Backed by Work World, a Private Equity-Sponsored 38-Location Workwear Platform, With Minimal Landlord Obligations Limited to Roof and Structure
• Fixed Rent Escalations Averaging 3.4%–3.7% Annually, Roughly Double the 2% Standard Across Competing Net Lease Product
• Property has undergone a complete renovation, including new roof, new HVACs, full remodel inside and out, as well as signage

An Irreplaceable South Bay Corner

• Hard Signalized Corner With Dual Street Frontage and Full Building Visibility From Both Directions, the Positioning Institutional and Private Buyers Consistently Underwrite Most Aggressively
• ±31,500 Vehicles Per Day Along Redondo Beach Boulevard, One of the South Bay’s Principal East-West Arterials Linking the I-110 and I-405 Freeways
• ±5,200 Square Feet on a ±9,272 Square Foot Hard-Corner Parcel, a Site Configuration That Could Not Be Assembled or Entitled in This Corridor Today
• Dual-Street Ingress and Egress With Dedicated On-Site Parking and Building Signage Visible From Both Frontages
• Immediately Surrounded by National and Regional Retail Including Target, CVS, Raising Canes, Ralphs, US Bank – Delivering Cross-Shopping Traffic Without the Co-Tenancy or Rollover Exposure That Comes With Owning Inside a Multi-Tenant Center

Trade Area & Basis

• The South Bay’s Aerospace, Manufacturing, Logistics, and Port-Adjacent Employment Base Is the Direct End Customer for Work Boots and Job-Site Apparel, Tying Store Performance to Industrial Employment Rather Than Discretionary Retail Cycles
• Positioned Between the I-110 and I-405 Freeways Within One of the Densest Combined Residential and Employment Corridors in Los Angeles County
• 727,770+ Residents, $112,490+ Average Household Income and 764,740+ Daytime Population Inside the Five-Mile Trade Area
• Shoeteria’s In-Store Boot Fitting, B2B Industrial Accounts, and Mobile Boot Truck Program Are Service-Based and Locally Dispatched, Insulating the Use From E-Commerce Displacement