4201 N Figueroa St - Auto Dealership FOR SALE
Los Angeles, CA 90065 |
4201 N Figueroa St
Los Angeles, CA 90065
HIGHLIGHTS
- The Neema Group of Marcus & Millichap is pleased to present a net lease retail investment opportunity in the Highland Park neighborhood
- 4201 N Figueroa St was recently renovated by the tenant and leased to Enterprise-Rent-A-Car, a NNN corporate lease that commenced on February 1, 2024
- The original term is ten years* with two five-year options; throughout the base term, there are annual rent increases – the greater of CPI or 2%
- Minimal landlord responsibilities, allowing an investor to passively collect cash flow; at the asking price, the CAP rate is 5.69%
- Rare opportunity to acquire a NNN lease with long term development potential; the corner lot totals 12,051 SF zoned [Q]C2-1VL-HPOZ in a Tier 3 TOC
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Dealership
TOTAL BUILDING SIZE
1052
STORIES
1
YEAR BUILT
1930
SPRINKLERS
-
PARKING SPACES
16
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5467-001-043
