Cap Rate
5%
Gross SQFT
4,062
Year Built
2013
NOI
$145,886
Property Type
Retail
INVESTMENT HIGHLIGHTS
- VALUE ADD – Pricing is based on current income. Future buyer has the opportunity for the lease up of the 1,000 SF vacancy, increasing their overall return.
- PASSIVE INVESTMENT – NNN lease structure, with no landlord responsibilities.
- INVESTMENT GRADE TENANTS – Leases corporately guaranteed by both 7-Eleven and JP Morgan Chase.
- LOCATION – Located on a hard signalized corner of Arrow Blvd (18,000+ VPD) and Juniper Ave (15,000+ VPD). Over 34,000 residents in 1-mile radius and over 350,000 in a 5-mile.
- MAJOR LL IMPROVEMENTS – Landlord secured permits to have the “shell” status and complete total” TI “for the vacant unit to be rent ready condition in July 2017. The total cost for (plans, permit fees, utilities, HVAC, electrical, plumbing, bathroom, hardwood flooring, walls,) was $110,000.00
- HEDGE AGAINST INFLATION – The lease features very attractive 10% rental increases every 5 years throughout the base term lease and option periods.
Broker of Record
- David Harrington
- License No. 02168060 (CA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 2321 Rosecrans Ave,
Suite 1225, El Segundo, CA 90245