Property Detail

Description

This is a prime single tenant triple net leased property. Amazon Go, the tenant, is corporately guaranteed by Amazon and provides an owner the peace of mind of acquiring a highly coveted investment grade tenanted property. Furthermore, this property enjoys excellent visibility, access, frontage, signage and traffic with excellent frontage of approximately 130 feet on Whittier Blvd and 21 parking spaces, and could also allow future potential for demising of the premises into multi-tenant. Additionally, the recently completely renovated building has a roof warranty of 20-years, features high ceilings and no deferred maintenance. Other features of this property include that it is permitted for liquor sales and includes a kitchen for food preparation. Amazon Go is a groundbreaking retail platform that revolutionizes the shopping experience by allowing customers to enter the store, select their items, and leave without waiting in line. Utilizing advanced technologies like computer vision and deep learning, the “Just Walk Out” feature automatically charges customers through the Amazon app, enhancing convenience and efficiency. With a diverse range of products, from fresh groceries to ready-to eat meal Amazon Go caters to busy lifestyles while leveraging data analytics for personalized shopping experiences. Additionally, its focus on sustainability minimizes waste and energy use, making it a glimpse into the future of retail that prioritizes customer satisfaction and environmental responsibility. The subject property is located on a signalized hard corner with great visibility on the main Whittier Blvd arterial which sees nearly 60,000 vehicles per day in a commercial corridor that is trending as part of a revitalization encouraging both high-end residential and retail/commercial development along Whittier Blvd in proximity to a 75-acre master-planned Brookfield community called The Groves, which includes over 500 homes, nearly 200 apartments, and 150,000 square feet of retail/commercial space built in 2021, and only a couple blocks from the newly built 76-unit Catalina Luxury Apartments. Also nearby is Whittier Hospital Medical Center and East Whittier Middle School. With all the new projects, Whittier has become an upscale residential community boasting average household incomes of $100,000+ with both pedestrian and pet-friendly parks, hiking paths and recreation.