Attractive 5.00% stabilized cap rate with immediate, predictable cash flow — Delivers $819,283 in current annual NOI (Fixed Minimum Rent) on a $16.385M asking price, with 100% NNN lease structure that shifts all taxes, insurance, utilities, and maintenance to the tenant for truly passive income.
Creditworthy master tenant and long-term lease security — Master-leased to established regional grocery operator Cardenas Markets (57+ stores across CA, AZ, NV with strong credit), plus a stable subtenant (Victory Outreach Church). Primary term runs through June 2035 (~9.2 years remaining) with multiple extension options through 2055.
Built-in rental growth — Locked-in 10% rent increases every 5 years, taking NOI to $901k (Years 11-15), $968k (Years 16-20), and higher thereafter — creating clear upside and inflation protection without additional landlord effort.
Prime high-visibility infill location in a growing market — Excellent traffic counts on Whittier Boulevard in dense Los Angeles County, surrounded by strong demographics (2025 avg. household income $112k–$129k within 1–5 miles) and new residential/commercial development (including The Groves planned community).