Azzi Advisors of Marcus & Millichap is pleased to present the rare opportunity to acquire this single-tenant retail property located at 1841 North Western Avenue in Los Angeles, California. Built in 1963, this single-tenant property is composed of 24,354 square feet of gross leasable area and is situated on a large 1.26 acre lot zoned LAC4 and classified Tier 3 by the TOC Program, allowing for future development. Rite Aid, the current tenant, pharmacy, has an existing lease ending January 31, 2023 with option to terminate after June 1, 2019 with 270 day notice, leaving the Buyer numerous exit strategies.
***ALL OFFERS DUE APRIL 27TH ***