* Quintessential Strip Center Opportunity – Few high-quality and wholly owned retail centers with long-term occupancy, below market rents, and a diverse and synergistic tenant mix come to market in infill Los Angeles, making Figueora & Florence an extremely rare and compelling investment opportunity.
* Strong Historical Occupancy – 6 of the 7 tenants have operated at the property for 10 years or more with Pizza Hut for over 30 years, 98¢ Discount Store for over 26 years, ACE Cash Express for over 26 years, and Super Laundry for nearly 15 years, proving the long-term success and viability of this location.
* Rare Separately Parceled Drive-Thru Building – The property includes a 2,828 SF free-standing drive-thru building which was recently leased to The Wok Chinese Kitchen on a 15-year NNN lease – this building is on its own separate parcel presenting a spin-off sale opportunity
* Signalized Corner Configuration – Situated on a large approximately 61,856 SF (1.42 acre) site at an extremely high-traffic intersection with nine (9) separate parcels including a free-standing drive-thru restaurant pad – presenting exposure and optionality rarely seen in retail centers
* High Exposure Signalized Intersection – Hard-corner, signalized intersection of W Florence Ave (±43,800 CPD) and S Figueroa St (±29,500 CPD) immediately proximate to the I-110 Fwy (±325,500 CPD), the property has tremendous exposure to this extremely high-traffic retail corridor
* Limited Future Competition, Supply-Constrained Market – Infill and densely populated, mature trade area with little to no sites available for future retail center development creating high barriers to entry for future competition