Investment Overview
Newmark Pacific is pleased to offer qualified investors the opportunity to acquire two high-profile and high-volume luxury dealerships - Land Rover of Pasadena and Pasadena Cadillac are strategically located along Pasadena’s primary commercial corridor at 3475 & 3485 E Colorado Blvd. The dealerships have deep roots at this location with the Cadillac dealership having a 50-year operating history providing investors with tremendous stability. Situated on a recently parcelized ±4.47-acre site, the properties are encumbered by two separate absolute NNN leases with 3% annual increases, providing stable growth, “hands off” passive ownership, and exceptional intrinsic land value.
Investment Highlights
- Absolute NNN Ground Leases
- Superior Rent Growth
- Individually Parcelized
- High-Volume Luxury Locations
- Institutional Stability
- Intrinsic Land Value
- Retail Synergy
- Premier Dealerships