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