The Newmark Pacific Retail Capital Markets Team is proud to present the opportunity for qualified investors: the acquisition of Whole Foods’ flagship Pasadena location (the “Property”), located near the heart of Old Town Pasadena.
This flagship purpose-built Whole Foods represents a premier ±77,046 square foot NNN-leased investment opportunity, backed by a recent lease extension and fortress credit. The opportunity features approximately 12.5 years of firm lease term remaining, with near-term growth through scheduled 8% rental increases in 2027, plus three additional 5-year option periods, each with 10% escalations. This increase schedule ensures stable, predictable, and growing cash flow for investors, offering long-term security and income growth. This is the flagship Whole Foods that was customized for their use to serve their key customer base in the heart of the highly-desirable Pasadena/West San Gabriel Valley. The property is also strategically improved with its own dedicated loading docks, allowing Whole Foods/Amazon high-throughput loading and delivery to this strategic infill market, proximate to major arterials and highways.
The flagship Whole Foods Pasadena store is a core, generational investment with exceptional stability, growth potential, and enduring appeal within a premier Southern California market.