TJ Maxx, Santa Monica — Sale in Santa Monica, CA

Price: $19M
Listing type: For sale
Asset type: Retail Business
Location: Santa Monica, CA 90401
Size: 32,000 SF

Photos

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Investment Figures

Price per square foot: $594

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Newmark Pacific Capital Markets is pleased to present, to qualified investors, the opportunity to acquire a coastal and high-profile single tenant net leased TJ Maxx (“Property”). Located at 1251 4th Street in Santa Monica California, the Property sits on the signalized hard corner of Arizona Avenue and 4th Street, the heart of Santa Monica’s commercial district. This irreplaceable, infill coastal location is widely known for its heavy pedestrian and tourism traffic. High barriers to entry, disciplined planning under the Downtown Community Plan, and proximity to the Metro E Line reinforce long-term value and stability of this location. TJ Maxx occupies 32,000 square feet on 0.32 acres of land and has operated here since 2009, recently executing their 1st option, expiring in 2032, with two (2) five (5) year options remaining. TJX (NYSE) is the parent company of TJ Maxx and considered one of the most stable and credit-worthy retailers in the world. With a market cap exceeding $175 Billion and 12-month revenues of over $61 Billion, the company continues to outperform its competitors while maintaining a healthy balance sheet and positive net cash position.

Market Context

This retail in Santa Monica, CA is listed for sale at $19,000,000 across 32,000 SF. Compare it against other retail listings for sale in Santa Monica, CA — view the full market.

As of Q2 2026, the Greater Los Angeles retail market showed a 5.6% vacancy rate, and average asking rents near $34.14/SF/yr. Source: multiple brokerage reports, Q2 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Greater Los Angeles retail market tightening or softening?: Vacancy is around 5.6% (Q2 2026).

Estimated Price per SF

$237.99/SF – $1,731/SF

Mid: $721.17/SF

Estimated price for 32,000 SF: $23,077,440 (range $7,615,680 – $55,385,920)

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.