Theory Brentwood

JLL is pleased to present the opportunity to acquire 13038 San Vicente Boulevard (the “Property”), a unique high street retail building located at the highly coveted intersection of 26th Street & San Vicente in Brentwood. Situated adjacent to the Brentwood Country Mart and the Brentwood Town Center, the Property was built in 2014 and consists of one expansive 9,364 RSF floor with exclusive rooftop parking. As a rare feature for the area, the rooftop parking consists of 38 dedicated parking stalls. Theory, a subsidiary of Fast Retailing Co Ltd (S&P:A), has recently extended their lease for an additional ten years, securing long-term cash flow and eliminating near-term tenancy risk. This extension solidifies the Property’s position as a stable, premium investment in one of Los Angeles’ most affluent submarkets. The Property is situated in a supply constrained location in Brentwood within walking distance to one of the most affluent residential submarkets in Los Angeles with an average household income of $323,884. Retailers have acknowledged the charming appeal of this quaint shopping destination in Brentwood and there is already a well-established base of high-end retailers and restaurants located in the area. 13038 San Vicente Blvd is conveniently situated between Beverly Hills, Santa Monica, and Malibu and has consistently been one of the strongest retail performing markets in Los Angeles.