Shop in Los Angeles

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Shop in Los Angeles

$2,950,000
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  • Yield
    4.3%
  • Rental rate (m²/month)
    $15.5
  • Built in 
    1950
Details
Property parameters
  • Leasable area: 719 m²
  • Land area: 1,206 m²
  • 1-floor building
Financial performance
  • Annual income: $136,225
Tenants
  • Fully let
  • End of lease: 2023
Property status
  • Most recent total renovation: 2013
Features
  • Street retail

It is a single-store shop.

Description

Lettable area is 719 m²

Building was renovated in 2013.

It's leased out to a single tenant.

Financial performance

Absolute income is 128,030 $.

The current yield of 4,3%.

Tenants

The tenant is a large shop chain ”Dollar Tree“.

The lease agreement is signed for 10 years until 2023 with extension options for 2x5 years. There will be fixed rent increases of 7,743 $ every fifth year.

This is a corporate guarantee triple net lease with minimal landlord responsibilities.

Location and nearby infrastructure

The property is situated in heavily populated area of Los Angeles, close to school, library and public transport stops.

  • Property on the map
    Location right down to the building, street or city

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