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Just Listed: High Street Retail
Net-Lease Investment | West Hollywood, CA
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Investment Highlights
- Trophy Triple-Net Lease Investment with Corporate Guarantee
- Brand New 5-year NNN Lease with Limited Landlord Responsibilities
- Prime Corner Building with Adaptable Layout – Potential for
- Future Restaurant Use through Parking Credits
- Fee Simple Interest in Allows for Depreciation
- Significant Improvements Made to Recently Remodeled ±4,233 SF Building
- Delivered Free and Clear of Debt – Allows for New Financing at Attractive Rates
- Strong Rental Increases During Initial Term and Option Periods
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• Highly Strategic and Desirable Real Estate Location in Famed West Hollywood
• Located on Santa Monica Blvd in West Hollywood, one of the busiest and most active live, work, shop neighborhoods in the Country
• Corner of Santa Monica Blvd and Alfred Street - Just One Block East of La Cienega - Over 72,876 vehicles/day
• Within Blocks to Numerous Destinations and Points of Interest: MOCA Pacific Design Center, Premier Shopping, Trendy Restaurants, Businesses, and Residential Units
• Several New Developments in the Immediate Area
• Excellent Demographics: Over 256k People with an Average HH Income Over $115k in a 3-Mile Radius
• Driveway Access from both Alfred Street and Rear On-Site Parking
• Parking Credits Provide Flexibility of Future Tenants Uses Including Restaurant
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