2503 W Pico Blvd - Convenience Store FOR SALE


Los Angeles, CA 90006- Harvard Heights
$5,000,000 USD
703-477-1315
2503 W Pico Blvd, Los Angeles, CA for Sale
$5,000,000 USD
Convenience Store - FOR SALE
1/7
null | 5.5% Cap Rate

2503 W Pico Blvd
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Absolute NNN Lease with Increases
  • High Barriers to Entry
  • Long-Term Operating History
  • Intrinsic Underlying Value
  • Los Angeles MSA Advantage

OVERVIEW

CBRE is pleased to offer for sale the 371-square-foot United Pacific gas station and convenience store positioned on 0.30 acres in Los Angeles, California (MSA Population: 13M+). The site is subject to a ±8.7-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the three, 5-year renewal options. Business is not for sale

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$13,477 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific: Los Angeles, CA (W Pico)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

LAC2

APN/PARCEL ID

5078-028-024

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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