Description:

  402 West 5th Street is a ±4,400 SF, two-building NNN retail investment in San Pedro, CA, fully leased to Rebud, a licensed cannabis retailer that opened in March 2026 after renovating the space.​ The brand-new 5-year lease runs through March 31, 2031, with three 5-year options, 3% annual rent increases, and minimal landlord responsibilities (roof, structure, and any tax overage above the tenant's Prop 13 cap).​ The site benefits from an exceptional location adjacent to newly developed residential communities, the historic Warner Grand Theater, and a thriving mix of local restaurants and breweries.​ Situated at the signalized corner of West 5th and South Mesa Street, it is also less than a mile from the San Pedro Cruise Terminal, which draws 1.6 million annual visitors, and the soon-to-open LA Waterfront, a 42-acre mixed-use district anchored by a new 55,000 SF San Pedro Fish Market building, a 6,200-seat amphitheater, and a 175-foot Ferris wheel.​ Just a few blocks away, San Pedro's Historic Downtown & Arts District offers additional neighborhood vibrancy, including the monthly First Thursday Art Walk and the CRAFTED artisan marketplace at the Port of Los Angeles.​ Combined with strong area demographics — more than 110,127 residents and an average household income of $116,980 — 402 West 5th Street represents a well-located, low-maintenance NNN investment opportunity in one of Los Angeles County's most dynamic waterfront restaurants.​