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1007 Cypress Avenue, Los Angeles, CA

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1007 Cypress Avenue

Los Angeles, CA 90065 - Glendale Submarket

Property Type:Retail Sub Type:Supermarket Status:Existing , Renov 2013 Year Built:1950
Building Size:7,743 SF Land Area:.3 AC (12,985 SF)
For Sale Price:$2,950,000 Price/SF:$380.99
Cap Rate:4.34 %
Parking:Free Surface spaces are available; Ratio of 2.29/1,000 SF
Features:Bus Line, Signalized Intersection

Property Description: STAND ALONE MARKET

Sale Notes:
KW Commercial and the Ghobadi Group are pleased to present the single tenant Dollar Tree located at 1007 Cypress Avenue in Los Angeles California. Subject property is a free standing 7,743 square feet building which was completely remodeled to suit Dollar Tree Store in 2013. The building sits on 0.3 Acres lot with an excellent visibility on Cypress Avenue which is a main thoroughfare in North East Los Angeles. Surrounded by single family homes, the Dollar Tree is strategically located just a block away from Aragon Avenue Elementary School and minutes away from 5 & 110 Freeway. In October 2013, Dollar Tree Inc., has signed a 10-year corporate lease with (2) 5-year renewal options. There will be fixed rent increases of $1 per square foot every five year. This is a corporate guarantee triple net lease with minimal landlord responsibilities.
•Triple Net Lease with 7.5 years remaining on initial term.
•Two 5-year options to extend
•Strong National Credit Tenant
•Corporate Guarantee by Dollar Tree, Inc.
•Rare Opportunity in North East Los Angeles Market
•Single Story Freestanding Building
•Completely Renovated to Suit in 2013
•Dense Location Surrounded by Single Homes
•Excellent Visibility

Keller Williams
Reza Ghobadi
(818) 657-6500

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