Figueroa & Florence Retail FOR SALE


Los Angeles, CA - South Central LA | 
$11,357,000 USD
949-725-8606
, Los Angeles, CA for Sale
$11,357,000 USD
Retail - FOR SALE
1/6
null | 5.85% Cap Rate

Figueroa & Florence
Los Angeles, CA
South Central LA


HIGHLIGHTS

  • Quintessential Strip Center Opportunity – Few high-quality & wholly owned centers with long-term occupancy, below market rents, & a diverse tenant mix
  • 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
  • Rare Separately Parceled Drive-Thru Building – The property includes a 2,828 SF free-standing drive-thru building which was recently leased
  • Signalized Corner Configuration – Situated on a large approximately 61,856 SF site at an extremely high-traffic intersection with 9 separate parcels
  • High Exposure Signalized Intersection – Hard-corner, signalized intersection of W Florence Ave (±43,800 CPD) and S Figueroa St (±29,500 CPD)
  • Limited Future Competition – Infill & densely populated, mature trade area with little to no sites available for future retail development

OVERVIEW

* 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

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

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