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9075 - 9077 Santa Monica Boulevard, West Hollywood, CA

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9075 - 9077 Santa Monica Boulevard

West Hollywood, CA 90069-5520 - West Hollywood Submarket

Property Type:Retail Sub Type:Storefront Status:Existing , Renov 2011 Year Built:1980
Building Size:5,083 SF Land Area:.09 AC (3,759 SF)
For Sale Price:$9,000,000 Price/SF:$1,770.61
Cap Rate:3.92 %
Parking:Free Surface spaces are available; Ratio of .78/1,000 SF
Features:Bus Line

Sale Notes:
Diligence 20 Days
Closing 45 Days
Deposit $250,000

-Trophy NNN Investment with SBE_RG Corporate Guarantee + $100,000 Letter of Credit
- Prime West Hollywood real estate with significant appreciation aspects
- Main West Hollywood Retail Corridor 50,000 Vehicles per DAY
- Single- Tenant Net Lease Passive Investment, Ideal for Absentee Owners
- Rare Brand New 8-Year lease with Options to Renew
- Stable Income with Improving Returns with 3% Annual Rental Increases Every Year, Which Provides a Hedge Against Inflation.
- Rare Entitlements: The Tenant has a Type 47 full liquor license, a Type 58 Caterer' s license, a dance permit, and an entertainment permit. Obtaining these permits is difficult and possessing them represents a significant barrier to entry for potential competing restaurant or nightclub operators.

Newmark Knight Frank
Daniel Chiprut
(310) 407-6581

Ten-X, LLC
Ten-X Commercial
(800) 793-6107

Jason Katz
(949) 859-2777

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