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JLL is pleased to offer for sale the fee-simple interest in a freestanding, multi-tenant retail Asset (the “Property” or “Asset”) located in Pico Rivera, Los Angeles County, California. The Asset’s tenant lineup consists of two creditworthy best-in-class essential retailers in SchoolsFirst Federal Credit Union, voted the “Best Credit Union in California” (Forbes, 2020), and Pacific Dental Services, one of the “Fastest Growing Private Companies in America” (INC. 5000). Strategically located in an outparcel to a Target and Food 4 Less anchored retail shopping center, the Asset possesses excellent real estate fundamentals and provides investors with a long term and growing cash flow. Both Tenants are operating on double-net leases, with limited Landlord responsibilities and rent commencement is expected to commence in Q3 2021.
· New 10-Year NN investment with significant income growth
· Two well-established growth-oriented tenants
· SchoolsFirst Federal Credit Union: 1.45M members, 66 branch locations, $24B in assets
· Pacific Dental Services: annual revenue of $1.6B, 816 locations across 23 states
· Located in outparcel to a Target and Food 4 Less anchored retail shopping center
· Dense surrounding demographic base with 535,000 residents within a five-mile radius
· Frontage + visibility directly along Whittier Boulevard - 36,000+ VPD
· 12 miles southeast of downtown Los Angeles