Shop, Los Angeles, USA

Additional information is provided after the signing of an NDA

Shop, Los Angeles, USA

$2,700,000
$2,755 /m²
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  • Total area
    980 m²
  • Yield
    5.2%
Details
Property parameters
  • Land area: 2,491 m²
Financial performance
  • Annual income: $132,183
Tenants
  • Fully let
  • End of lease: 2025
Features
  • Street retail

It is a general goods store for sale.

Description

Lettable area is 980 m²

Property is leased out to a single tenant.

Financial performance

Absolute income is 140,400 $.

The current yield of 5,2%.

Tenants

The tenant is Family Dollar — one of the biggest shop chains of America. In 2015 company was acquired by Dollar Tree, Inc., North America's leading operator of $ 1 price-point items, which combined now boast over 13,600 stores nationwide, with a market capitalization of $ 15.5 Billion.

The lease agreement is signed for 10 years and valid until 2025.

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

Location and nearby infrastructure

Property is located in area with extended infrastructure. This is the only store with fixed price within 3 km radius.

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If this property wasn’t for you, take a look at other retail space for sale in Los Angeles.

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