100% Occupied Value-Add Strip Retail 1201-1211 Wilshire Blvd 6,318 SF 100% Leased Retail Building Santa Monica, CA 90403 $6,803,650 CAD ($1,076.87 CAD/SF) 4.44% Cap Rate

Matthew Luchs & John Lally of Zacuto Group are pleased to exclusively present 1201-1211 Wilshire Boulevard, a fully occupied ±6,318 square foot strip retail property situated on ±8,482 square feet of land at the corner of Wilshire Boulevard and 12th Street in the heart of Santa Monica, one of the Westside’s most coveted, supply-constrained, and historically top-performing retail markets.
The property is a highly visible, single-story retail building divided into six storefronts and leased to a diverse mix of long-standing national and local service-oriented tenants that provide both daily-needs services and destination experiences. The roster includes neighborhood staples Love Bug & Me, Brow Mantra, Ukraina Deli, Modern Nails, State Farm Insurance, and destination tenant Petitgrain Boulangerie, a local institution that attracts a loyal following and draws weekend crowds that often wrap around the block. Several tenants have occupied their spaces for many years, reflecting the stability of the location and the surrounding customer base.
All tenants are on NNN lease structures, shifting operating expenses to the tenant and creating predictable cash flow with minimal landlord management. The property generates $282,600 in annual scheduled base rent with current average rents of $3.73 per square foot per month NNN, significantly below Santa Monica market averages. With a weighted average lease remaining term of approximately 1.44 years, the asset is positioned for near-term re-leasing or renewal at market rates, providing an immediate path to income growth. At market rents of approximately $5.00 per square foot per month NNN, the property’s annual income potential would exceed $350,000, representing an attractive upside opportunity for investors.
The corner location offers prominent Wilshire Boulevard frontage with exposure to approximately 28,730 vehicles per day, and strong pedestrian activity generated by the surrounding dense, affluent neighborhoods. Within a one-mile radius, average household income exceeds $110,000, the population is more than 45,000, and median home values are above $1.1 million. Within three miles, the population approaches 200,000 with similar income levels. The property also benefits from six on-site parking spaces, which are scarce in this corridor and enhance tenant convenience.
Santa Monica’s retail market is defined by high barriers to entry, strict zoning and development restrictions, and consistently strong tenant demand that has led to historically low vacancy rates. The Wilshire Boulevard corridor in particular combines stable year-round local spending power with consistent daytime traffic from commuters, creating a resilient retail environment that outperforms broader Los Angeles trends.
With its combination of prime Westside location, stable occupancy, NNN lease structure, strong tenant mix, and immediate value-add potential through rent growth, 1201 Wilshire Boulevard offers investors a rare opportunity to secure a durable income stream with significant upside in one of Southern California’s most competitive and desirable retail submarkets.