TJ Maxx 1251 4th St 32,000 SF Retail Building Santa Monica, CA 90401 $27,992,426 CAD ($874.76 CAD/SF) 5.50% Cap Rate

Newmark Pacific Capital Markets is pleased to present, to qualified investors, the opportunity to acquire a coastal and high-profile single tenant net leased TJ Maxx (“Property”). Located at 1251 4th Street in Santa Monica California, the Property sits on the signalized hard corner of Arizona Avenue and 4th Street, the heart of Santa Monica’s commercial district. This irreplaceable, infill coastal location is widely known for its heavy pedestrian and tourism traffic. High barriers to entry, disciplined planning under the Downtown Community Plan, and proximity to the Metro E Line reinforce long-term value and stability of this location. TJ Maxx occupies 32,000 square feet on 0.32 acres of land and has operated here since 2009, recently executing their 1st option, expiring in 2032, with two (2) five (5) year options remaining.
TJX (NYSE) is the parent company of TJ Maxx and considered one of the most stable and credit-worthy retailers in the world. With a market cap exceeding $175 Billion and 12-month revenues of over $61 Billion, the company continues to outperform its competitors while maintaining a healthy balance sheet and positive net cash position.