HIGHLIGHTS: KARL NIEHAUS

LAWNDALE, 16900 HAWTHORNE BLVD

EXECUTIVE SUMMARY

HIGHLIGHTS:KARL NIEHAUS • Certified Opportunity Zone Property - Strong Tax Incentive(310) 880-7900 • Signalized Corner of Hawthorne Blvd & 169th: over 53,000 Cars/Day(310) 300-1222 - [email protected] • 3 Blocks from proposed Hawthorne Blvd Light Rail Station01450751 - RE License • Surrounded by National Tenants: Target, AMC Theaters, 24 Fitness

Walgreens, Starbucks, Taco Bell, 7Eleven and more

DEMOGRAPHICS: The population within a 1 mile radius was estimated at over 39,000 as well as over 289,000 within a 3 mile radius, and this population is expected to grow at 1.6% annually. The average household income was estimated at approximately $103,000 within a 3 mile radius.

OFFERING SUMMARY: 16900 Hawthorne Blvd offers an owner-user/investor the opportunity to acquire a 9,645 SF retail building located in a Certified Economic Opportunity Zone, which allows for no Capital Gains Tax after 10 year ownership. Just 4 blocks from South Bay Galleria's Redevelopment project, which will be the hub of activity & business in the area. The existing building offers easy access to all amenities & restaurant (Walkscore: 84), alley access with an 11 Ft high loading dock, 205 Feet of Windowed Frontage, 400 Amp Power & 11 parking spaces. Additional free street parking is available on 169th St & the center median of Hawthorne blvd. The tenant will continue a short lease back period to complete sale of inventory.

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SALES PRICE: $2,495,000 - 9,645 SF Building on 11,958 SF Lot, $259/SF

• 4 Blocks from South Bay Galleria Redevelopment with New 150 Room Hotel, 650 Apartments and Expanded Offices & Open-Air Retail

Information contained herein has been obtained from sources deemed to be reliable. However, no warranties can be assumed for its accuracy.


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Hawthorne Blvd ‐ 53,000 CPD



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Future South Bay

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Future South Bay Galleria

Galleria- 4 BlocksSouth

- 4 BlocksSouth



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Interior



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Tenants



DEMOGRAPHICS

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Population:2023 Projection 39,422 292,411 623,0182018 Estimate 38,992 287,824 613,3432010 Census 39,016 280,482 598,191Growth 2018-2023 1.10% 1.59% 1.58%Growth 2010-2018 -0.06% 2.62% 2.53%2018 Population Hispanic Origin 17,707 95,559 230,140

2018 Population by Race:White 26,419 178,959 382,279Black 2,772 32,635 86,078Am. Indian & Alaskan 523 2,908 6,643Asian 7,159 59,314 111,492Hawaiian & Pacific Island 398 2,180 4,574Other 1,723 11,827 22,277

U.S. Armed Forces: 25 167 331Households:

2023 Projection 13,129 106,030 220,0142018 Estimate 12,996 104,451 216,6372010 Census 13,067 102,286 211,612Growth 2018 - 2023 1.02% 1.51% 1.56%Growth 2010 - 2018 -0.54% 2.12% 2.37%Owner Occupied 5,631 49,661 102,941Renter Occupied 7,364 54,790 113,696

2018 Avg Household Income $87,074 $103,367 $99,690 2018 Med Household Income $65,345 $75,770 $72,213 2018 Households by Household Inc:

<$25,000 2,058 16,478 37,016$25,000 - $50,000 2,995 19,211 40,998$50,000 - $75,000 2,261 16,144 33,959$75,000 - $100,000 1,729 12,788 26,377$100,000 - $125,000 1,272 9,769 20,162$125,000 - $150,000 757 7,558 14,616$150,000 - $200,000 1,066 10,283 19,539$200,000+ 859 12,223 23,970



DEMOGRAPHICS

Business Employment By TypeRadius 1 Mile 3 Mile 5 Mile 1 Mile 3 Mile 5 Mile 1 Mile 3 Mile 5 Mile

Total Businesses 1,232 12,606 29,506 8,914 119,057 324,057 7 9 11Retail 258 1,601 3,719 2,339 18,074 45,227 9 11 12Wholesale 32 422 1,250 246 7,010 20,133 8 17 16Hospitality & Food Service 113 874 1,977 1,683 13,334 32,334 15 15 16Real Estate, Renting, Leasing 64 750 1,605 284 3,776 11,165 4 5 7Finance & Insurance 86 1,006 2,122 358 6,747 13,898 4 7 7Information 31 313 649 268 4,363 8,799 9 14 14Scientific & Technology Services 101 1,483 3,421 715 11,598 28,059 7 8 8Management of Companies 0 12 29 0 85 139 0 7 5Health Care & Social Assistance 170 2,357 6,228 764 15,247 42,235 4 6 7Education Services 28 299 617 612 8,750 17,158 22 29 28Public Administration & Sales 4 162 330 17 5,614 11,473 4 35 35Arts, Entertainment, Recreation 23 237 486 225 2,116 5,934 10 9 12Utilities 0 6 10 0 46 123 0 8 12Admin Support & Waste Managem 47 527 1,155 202 3,254 10,602 4 6 9Construction 71 640 1,490 299 3,125 10,608 4 5 7Manufacturing 31 426 1,318 282 9,179 51,287 9 22 39Agriculture, Mining, Fishing 0 7 17 0 18 67 0 3 4Other Services 173 1,484 3,083 620 6,721 14,816 4 5 5

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DEMOGRAPHICS

CONSUMER SPENDINGRadius 1 Mile 3 Mile 5 Mile 1 Mile 3 Mile 5 Mile

Total Specified Consumer Spending 367,882 3,147,027 6,399,699 406,553 3,488,675 7,106,796Apparel:Total Apparel 22,459 184,073 380,541 23,955 197,545 408,645Women's Apparel 8,920 75,258 154,681 9,520 80,815 166,244Men's Apparel 4,926 40,661 83,496 5,247 43,600 89,640Girl's Apparel 1,689 13,495 28,233 1,814 14,570 30,421Boy's Apparel 1,152 9,079 19,004 1,236 9,794 20,487Infant Apparel 1,000 7,749 16,203 1,070 8,324 17,487Footwear 4,772 37,831 78,925 5,069 40,442 84,368Entertainment, Hobbies & Pets:Total Entertainment, Hobbies & Pet 26,806 233,148 475,009 27,752 242,531 495,078Entertainment 6,239 54,348 111,625 6,486 56,721 116,574Audio & Visual Equipment/Service 11,659 99,528 203,756 12,059 103,548 212,407Reading Materials 1,395 13,068 26,299 1,461 13,643 27,513Pets, Toys, Hobbies 7,514 66,203 133,330 7,747 68,620 138,583Personal Items 24,172 216,226 438,765 26,315 235,189 478,257Food & Alcohol:Total Food & Alcohol 102,824 846,027 1,738,258 113,160 935,505 1,924,446Food at Home 57,414 456,262 948,083 63,583 507,174 1,054,431Food Away From Home 39,015 334,251 677,952 42,882 369,820 751,441Alcoholic Beverages 6,396 55,514 112,223 6,695 58,510 118,574Household:Total Household 52,996 482,913 969,340 55,759 509,099 1,024,753House Maintenance & Repair 7,514 68,588 139,252 7,868 72,040 146,436Household Equipment & Furnishings 20,734 185,282 374,483 21,323 191,424 387,682Household Operations 18,017 163,428 326,626 19,471 176,300 353,952Housing Costs 6,730 65,615 128,980 7,096 69,335 136,683Transportation and Maintenance:Total Transportation and Maintenan 94,170 788,414 1,597,128 109,901 923,990 1,875,821Vehicle Purchases 38,166 314,169 631,560 42,821 354,860 714,492Vehicle Expenses 2,825 30,211 59,891 3,243 34,720 69,082Gasoline 31,010 248,429 511,377 39,252 316,302 651,913Transportation 9,793 91,249 182,242 11,190 104,645 209,442Automotive Repair & Maintenance 12,376 104,356 212,058 13,394 113,463 230,892Health Care:Total Health Care 17,741 150,909 308,654 20,392 173,063 354,237Medical Services 10,578 90,545 184,246 12,029 103,115 210,071Prescription Drugs 5,385 45,130 93,187 6,316 52,483 108,339Medical Supplies 1,778 15,235 31,222 2,048 17,465 35,828

20232018



DEMOGRAPHICS

TRAFFIC COUNTCollection Street Cross Street Dist/Dir Volume Year from Type

Hawthorne Blvd 168th St 0.02 S 53,381 2017 0.11 MPSI...170th St Freeman Ave 0.07 E 648 2017 0.13 MPSI...171st St Hawthorne Blvd 0.14 W 462 2017 0.14 MPSI...Hawthorne Blvd 172nd St 0.03 S 41,110 2017 0.15 MPSI...Freeman Ave 170th St 0.02 S 1,780 2017 0.19 MPSI...Redondo Beach Blvd Hawthorne Blvd 0.02 SW 20,240 2017 0.19 MPSI...Freeman Ave Redondo Beach Blvd 0.02 S 2,770 2017 0.21 MPSI...W 166th St Hawthorne Blvd 0.05 E 1,408 2017 0.21 MPSI...Redondo Beach Blvd Freeman Ave 0.07 SW 21,090 2017 0.27 MPSI...Hawthorne Blvd Artesia Blvd 0.05 SE 52,000 2017 0.27 MPSI...


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HIGHLIGHTS: KARL NIEHAUS