10501 W Pico Blvd - Fast Food FOR SALE


Los Angeles, CA 90064- Rancho Park
$1,500,000 USD
866-582-7865
10501 W Pico Blvd, Los Angeles, CA for Sale
$1,500,000 USD
Fast Food - FOR SALE
1/9
null | 4.4% Cap Rate

10501 W Pico Blvd
Los Angeles, CA 90064
Rancho Park


HIGHLIGHTS

  • Franchisee leased Kentucky Fried Chicken
  • 8 years remaining on a NNN lease – zero landlord responsibilities
  • Situated on a signalized corner with over 39,000 VPD
  • Potential future development opportunities
  • Potential opportunity for property tax reassessment

OVERVIEW

The subject property located at 10501 W. Pico Blvd., Los Angeles, CA 90064, is a single-tenant Kentucky Fried Chicken currently leased to a franchisee and situated in the vibrant West Los Angeles neighborhood. The property lies along Pico Boulevard, a major thoroughfare known for its mix of commercial establishments, dining options, and proximity to residential areas. The property is positioned in a bustling corridor of the city, benefiting from high visibility and significant foot and vehicle traffic, making it an attractive location for businesses catering to both local residents and visitors. Originally built in 1965 and renovated in 1990, the total building square footage as per city records consists of 1,276± sq. ft., situated on a 5,411± sq. ft. lot, zoned LAC2, and offers (11) total parking spaces. This property is currently under an absolute NNN lease with Kazi Foods, Inc., operating as KFC. The original 10-year term has 8 years remaining. The current monthly rent is $5,500, and the next rental increase of approximately $500 is scheduled for November 2025, with additional increases occurring every 2 years. Located in the Cheviot Hills/Rancho Park area of West Los Angeles, this region is part of the broader Westside of Los Angeles, known for its affluent residential neighborhoods, proximity to commercial hubs, and access to major amenities. The community surrounding this address blends suburban charm with urban convenience, making it a desirable area for families, professionals, and retirees alike. Characterized by tree-lined streets, well-maintained single-family homes, and a mix of mid-century and modern architectural styles. The area around 10501 W Pico Blvd is near the intersection of Pico Boulevard and Overland Avenue, a bustling corridor that serves as a commercial spine for the community. Pico Boulevard serves as a commercial artery, hosting a mix of national chains (e.g., KFC, Trader Joe’s nearby) and local businesses. The corridor supports a steady flow of consumer spending, particularly in retail, dining, and services. The redevelopment of the Westside Pavilion into a Google campus (approximately 1 mile east) has further stimulated economic growth, attracting tech workers and increasing property values. Location Highlights + Located on the Highly Trafficked Retail Corridor of W. Pico Blvd + Population within a 1-mile radius is just over 32,000 residents + Centrally located just east of the 405 & north of the 10 freeways + Average Household Income in a 3-Mile Radius Exceeds $145,000

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$1,176 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC: Single-Tenant Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,411 SF

ZONING

LAC2

APN/PARCEL ID

4315-005-013

ASK ABOUT THIS PROPERTY

Raymond A. Rodriguez IVLucrum Real Estate Group | Equity UnionMore Info
866-582-7865

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Raymond A. Rodriguez IVLucrum Real Estate Group | Equity UnionMore Info
866-582-7865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.