It is a single-store shop.
Lettable area is 719 m²
Building was renovated in 2013.
It's leased out to a single tenant.
Absolute income is 128,030 $.
The current yield of 4,3%.
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.