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Shop in Los Angeles with yield of 4,3%

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Shop in Los Angeles with yield of 4,3%

2,950,000 $
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Yield: 4.3%
  • Absolute return: 114,353 €
  • Land area: 1,206 m²
  • Built in 1950
  • 1-floor building
  • Percentage of the rented area: 100%
  • Most recent total renovation: 2013
  • Lettable area: 719 m²
  • End of lease: 2023
  • 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 objects

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

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Georgiy Buznik
Georgiy Buznik
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