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220 E Grand Ave 17,870 SF of Retail Space Available in El Segundo, CA 90245
HIGHLIGHTS
- Unrivaled opportunity in downtown El Segundo – Its rarity and community presence make it an ideal location for a Grocer or Retailer
- Situated at the epicenter of El Segundo, frequented by the entire local population and the dense daytime population exceeding 70,000 people per day
- Excellent building signage and an exclusive “grandfathered” pole sign for high visibility and branding
- Convenient for the entire El Segundo neighborhood, serving all 17,000 local residents
- Excellent street frontage for high visibility and easy access
- Free-Standing Junior Box Situated on a Hard Corner Exceeding 1.5 Acres
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 17,870 SF | Negotiable | $75.38 CAD/SF/YR $6.28 CAD/SF/MO $1,347,035 CAD/YR $112,253 CAD/MO | Net |
1st Floor
- A well-known building (Rite-Aid) within the community, offering a unique opportunity as it’s available for the first time and is the only building serving to the surrounding neighborhood. - 17,870 SF Rectangular Junior Box Situated on 1.54 Acres with a Parking Ratio of 5/1000 - Extremely accessible Loading Dock Suitable for 53 ft container trucks, with a dedicated area that doesn’t interfere with customer parking and can be left in loading area indefinitely - Excellent building signage and an exclusive “grandfathered” pole sign for high visibility and branding
- Lease rate does not include certain property expenses
- Fully Built-Out as Specialty Space
- Space is in Excellent Condition
- Anchor Space
- Central Air Conditioning
- Private Restrooms
- Freezer Space
- Security System
- Corner Space
- High Ceilings
- Plug & Play
- Prime 17,870 SF Free-Standing Junior Box
- Excellent Building Signage + Exclusive Pole Sign
- Loading Dock Suitable for 53 Ft Container Trucks
- 85 Exclusive Surface Parking Spaces
- Corner Lot With (3) Access Points
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 17,870 SF | Total Land Area | 1.54 AC |
| Property Type | Retail | Year Built | 1965 |
| Property Subtype | Supermarket | Parking Ratio | 4.76/1,000 SF |
| Gross Leasable Area | 17,870 SF |
| Total Space Available | 17,870 SF |
| Property Type | Retail |
| Property Subtype | Supermarket |
| Gross Leasable Area | 17,870 SF |
| Total Land Area | 1.54 AC |
| Year Built | 1965 |
| Parking Ratio | 4.76/1,000 SF |
ABOUT THE PROPERTY
220 E Grand is located in the heart of Downtown El Segundo and is a neighborhood staple. The property is a Free-Standing Rite-Aid with unparalleled visibility, abundant parking, and multiple signage opportunities, making it a perfect opportunity for a new grocer or retailer to seize this extremely rare availability as there is no other opportunity comparable. El Segundo mixes beachy charm with creative spirit, making it a 5.5 square mile powerhouse. Recognized as the aerospace capital of the world it is also home to several Fortune 500 companies including Boeing, Chevron, L’Oreal, Mattel and Raytheon, as well as leaders in bioscience, information technology, energy, real estate and creative media. El Segundo is quickly earning a reputation as an extraordinary upcoming enclave of Southern California, and is one of the fastest growing cities in the US, with a recent influx of young educated professionals and a massive daytime population of over 70,000 people.
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Monument Signage
NEARBY MAJOR RETAILERS
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220 E Grand Ave
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