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VENICE, CA | 1 COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE IN AFFLUENT MARINA DEL REY, CA 4020 LINCOLN BLVD | VENICE, CA WASHINGTON BLVD ±40,000 ADT LINCOLN BLVD ±68,000 ADT THE WESTERLY AT LINCOLN APARTMENTS ±466 Units REGATTA SEASIDE RESIDENCE - ± 224 Units THE COVE CONDOMINIUMS - ± 138 Units AZZURRA - ± 450 Units THE RITZ CARLTON ±304 Rooms THE PROMENADE AT MARINA CITY CLUB ±101 Units ON THE CORNER OF LINCOLN & WASHINGTON MIRABELLA ±188 Units AMLI MARINA DEL REY ±585 Units
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COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE … · Site Plan Suite Tenant Square Feet Rent 4040 Comerica Bank 3,683 SF 4025 - A AVAILABLE 2,223 SF $4.50 + NNN 4020 - D AVAILABLE

Aug 23, 2020

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Page 1: COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE … · Site Plan Suite Tenant Square Feet Rent 4040 Comerica Bank 3,683 SF 4025 - A AVAILABLE 2,223 SF $4.50 + NNN 4020 - D AVAILABLE

V E N I C E , C A | 1

COSTCO-ADJACENT RESTAURANT & RETAIL SPACE

AVAILABLE IN AFFLUENT MARINA DEL REY, CA

4 0 2 0 L I N C O L N B LV D | V E N I C E , C A

WASHINGTON BLVD ±40,000 ADT

LINCOLN BLVD ±68,000 ADT

THE WESTERLYAT LINCOLN APARTMENTS

±466 Units

REGATTA SEASIDE RESIDENCE - ± 224 UnitsTHE COVE CONDOMINIUMS - ± 138 Units

AZZURRA - ± 450 Units

THE RITZ CARLTON ±304 Rooms

THE PROMENADE AT MARINA CITY CLUB

±101 Units

O N T H E C O R N E R O F L I N C O L N & WA S H I N G TO N

MIRABELLA ±188 Units

AMLI MARINA DEL REY±585 Units

Page 2: COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE … · Site Plan Suite Tenant Square Feet Rent 4040 Comerica Bank 3,683 SF 4025 - A AVAILABLE 2,223 SF $4.50 + NNN 4020 - D AVAILABLE

WHY WOULDN’T YOU WANT YOUR STORE ADJACENT TO THE #1 HIGHEST GROSSING COSTCO IN THE U.S.?

ANNUAL SALES - $285 MILLIONTOTAL MEMBERSHIPS - 232,000DAILY TRANSACTIONS - 7,000

AVERAGE CUSTOMER BILL PER TRIP - $150

$128,685

2018 Average Household Income

$100,000+

Average Costco Member Household Income

504,286

2018 Populat ion

Page 3: COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE … · Site Plan Suite Tenant Square Feet Rent 4040 Comerica Bank 3,683 SF 4025 - A AVAILABLE 2,223 SF $4.50 + NNN 4020 - D AVAILABLE

Site Plan

Suite Tenant Square Feet Rent

4040 Comerica Bank 3,683 SF

4025 - A AVAILABLE 2,223 SF $4.50 + NNN

4020 - D AVAILABLE 1,254 SF $4.50 + NNN

4020 - C Burgerim 1,482 SF

4020 - A Jersey Mike’s 1,258 SF

AVAILABLE

AVAILABLE

V E N I C E , C A | 3

*Not to Scale

Above Average CA Store Sales: $1M+ Annually – 7.5% Sales-to-Rent

Average Store Sales: $4.4M

Page 4: COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE … · Site Plan Suite Tenant Square Feet Rent 4040 Comerica Bank 3,683 SF 4025 - A AVAILABLE 2,223 SF $4.50 + NNN 4020 - D AVAILABLE

1 2 3

4

5 6

1 FORTY55 LOFTSLocation: Marina Del Rey, CA

Completion Date: Completed

Project Type: Luxury Loft and

Townhome Apartments

Number Of Units: 140

2Location: Marina Del Rey, CA

Completion Date: Completed

Project Type: Luxury Loft and Townhome

Apartments / Creative Office / Retail

Number Of Units: 257 (49, 141, 67)

R1 & R2 LIVING & R3 LOFTS

3 X67 LOFTSLocation: Marina Del Rey, CA

Completion Date: Completed

Project Type: Luxury Loft

Condominiums

Number Of Units: 67

4 G8Location: Marina Del Rey, CA

Completion Date: 2019

Project Type: Luxury Apartments / Office

Number Of Units: 230

5 Location: Marina Del Rey, CA

Completion Date: Completed

Project Type: Luxury Apartments

Number Of Units: 77

Tribeca Urban 6 D1Location: Marina Del Rey, CA

Completion Date: 2018

Project Type: Luxury Loft Apartments /

Creative Office

Number Of Units: 68

Page 5: COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE … · Site Plan Suite Tenant Square Feet Rent 4040 Comerica Bank 3,683 SF 4025 - A AVAILABLE 2,223 SF $4.50 + NNN 4020 - D AVAILABLE

V E N I C E , C A | 5

ELECTRONIC PYLON SIGNAGE ON LINCOLN BLVD WHICH SEES ±68,000 ADT

Within the highly walkable Marina Arts District

Enormous digital pylon signage available to tenants

Less than two miles from Venice Beach and walking distance to Marina Del Rey Harbor

Property HighlightsPhenomenal visibility on highly trafficked Lincoln Blvd adjacent to Costco

Dynamic trade area, including neighboring national tenants:

Ample on-site parking

Affluent infill market with excellent demographics

One of L.A.’s top ten busiest intersections - ±68,000 ADTLocation: Marina Del Rey, CA

Completion Date: 2018

Project Type: Luxury Loft Apartments /

Creative Office

Number Of Units: 68

Page 6: COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE … · Site Plan Suite Tenant Square Feet Rent 4040 Comerica Bank 3,683 SF 4025 - A AVAILABLE 2,223 SF $4.50 + NNN 4020 - D AVAILABLE

Marina Del Rey, CAThe Shoppes at Del Rey, located on the border of Venice, within the Marina Arts District, is in

close proximity to not only Venice Beach and Abbott Kinney, with its trendy eateries, boutiques

and culture, but also Marina Del Rey’s high-end retail, contemporary housing, and prime

oceanfront location with bike paths and boating, while still having prime accessibility of Lincoln

Boulevard and Washington Boulevard, two major arterials that compose one of Los Angeles’

top ten busiest intersections.

DemographicsPOPULATION 1 Mile 3 Mile 5 Mile

2023 Projection 36,169 238,462 521,474

2018 Estimate 34,548 230,183 504,286

Growth 2018-2023 4.69% 3.60% 3.41%

HOUSEHOLDS 1 Mile 3 Mile 5 Mile

2023 Projection 17,677 111,710 247,474

2018 Estimate 16,888 107,553 239,040

Growth 2018-2023 4.67% 3.87% 3.53%

INCOME 1 Mile 3 Mile 5 Mile

2018 Est. Average Household Income

$142,073 $126,958 $128,685

Page 7: COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE … · Site Plan Suite Tenant Square Feet Rent 4040 Comerica Bank 3,683 SF 4025 - A AVAILABLE 2,223 SF $4.50 + NNN 4020 - D AVAILABLE

V E N I C E , C A | 7

Once an industrial neighborhood, the Marina Arts District, generally bounded by Beach Avenue to the north, Maxella Avenue to the South, Del Rey Avenue to the west and Redwood Avenue to the east, has caught the eye of developers and is experiencing a huge influx of mutli-family and mixed-use projects, including creative office and luxury lofts, that has more than 1,200 units in the district and approximately 350 units under construction, with a focus of attracting young professionals, or what the L.A. Times calls “the creative class”.

Marina Arts District

Page 8: COSTCO-ADJACENT RESTAURANT & RETAIL SPACE AVAILABLE … · Site Plan Suite Tenant Square Feet Rent 4040 Comerica Bank 3,683 SF 4025 - A AVAILABLE 2,223 SF $4.50 + NNN 4020 - D AVAILABLE

8 | S H O P P E S AT D E L R E Y

EXCLUS IVE LEAS ING AGENTS

DONALD HUTCHINSON I I ILEASING ASSOCIATE

[email protected] (3 10) 919-5799MOB (916 ) 865-6533License No. 02065322 (CA)

MICHAEL PAKRAVANSVP & NATIONAL DIRECTOR

Michael [email protected] (3 10) 919-5737MOB (213 ) 219-31 1 1L icense No: 01706065 (CA)

OPEN YOUR STORE NEXT TO THE #1 COSTCO!

CALL US TODAY FOR A TOUR!