nnn lease investment for sale - images2.loopnet.com€¦ · located at the nec of eastern &...
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CRISSMAN COMMERCIAL SERVICES, INC. | 25129 The Old Road, Suite #212, Santa Clarita, CA 91381 | PH: 661.295.9300 FX: 661.295.0527
5533 E WASHINGTON BLVD. NNN LEASE INVESTMENT FOR SALE
NEW BURGER KING OPEN FOR BUSINESS
GROUND LEASE PAD AVAILABLE - FULLY ENTITLED FOR 3,300 SF
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TABLE OF CONTENTS
Crissman Commercial Services, Inc. makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability.
Property Summary…………………………………….. Pg. 4
Lease Summary……………………………..…………. Pg. 5
Investment Highlights………………….………………. Pg. 6
City of Commerce………………………….…………… Pg. 7
Map………………………………...……………………. Pg. 8
Demographics……………………………………… Pg. 9 -10
Average Household Income…………….…………… Pg. 11
Contact…………………………………………………. Pg. 12
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5533 E WASHINGTON BLVD. | PAGE 3
PROPERTY SUMMARY
Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous
visibility and traffic. The project consists of two drive thru restaurant pads, one with a 2,070 SF building leased
to Burger King who will open soon. The other pad/parcel has all offsite improvements in place with entitlements
for up to 3,300 SF drive thru. We are currently marketing the pad for Ground Lease with initial asking rate of
$100,000 annual absolute net. All perimeter improvements, parking, trash enclosure, parking and power vault in
place, with utilities stubbed to pad. Tremendous daytime population density along one of the busiest industrial
corridors in Southern California. Washington Blvd. is currently undergoing street widening and additional
improvements. Overall the area is undergoing a redevelopment renaissance with projects planned in all
directions.
PRICING
List Price………......$3,500,000
Ground Lease Pad…..$100,000/YR
CAP Rate…………………...5%
OPERATING EXPENSE DATA
Operating Expense……..……..NNN
Taxes……………………..……..NNN
Insurance……………………....NNN
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LEASE SUMMARY
Lease Abstract
Tenant Trade Name:
Lease Commencement
Lease Expiration
Initial Lease Term
Term Remaining On Lease
Base Rent
Rent PSF
Burger King
September 20, 2016
October 31, 2036
20 Years
20 Years
$77,868
$37.61
Rental Adjustments 11/1/2021 - $85,668.00
11/1/2026 - $94,220.40
11/1/2031 - $103,642.08
Option Periods 11/1/2036 - $114,006.24
11/1/2041 - $125,406.84
11/1/2046 - FMV
11/1/2051– FMV
Projected Pad
Base Rent
Adjustments
20 Years
$100,000
TBD
PAD SITE PROPERTY DETAILS
Addition 20,026 SF Lot Ground Lease
24/7 Operation Allowable - Both Pads
Partially Improved, Offsites In.
Fully Entitled for 3,300 SF Drive Thru
5533 E WASHINGTON BLVD. | PAGE 4
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IRREPLACEABLE LOCATION
Very close proximity to the 5 & 710 Freeways
Over 16,000 Vehicles Per Day on S Eastern Ave
Unobstructed Visibility - Convenient Ingress/Egress
Approximate Population Within a 3 Mile Radius = 288,000
5533 E WASHINGTON BLVD. | PAGE 5
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THE CITY OF COMMERCE
Commerce is a city located in southeast Los Angeles County, California,
United States. The population was 12,823 at the 2010 census, up from
12,568 at the 2000 census. It is bordered by Vernon on the west,
Los Angeles on the northwest, East Los Angeles on the
north, Montebello on the east, Downey and Bell Gardens on the south,
and Maywood on the southwest. The Los Angeles River forms part of its
southwestern boundary, and the Rio Hondo separates it from Downey.
Commerce is served by the Long Beach and Santa Ana freeways, as well
as the Metro Link commuter rail service at the Commerce station. The city
was incorporated in 1960 to prevent neighboring cities such as Vernon
and Los Angeles from annexing industrial land for tax revenue and elect-
ed its first city mayor, Maurice Quigley. Commerce has become the water
polo capital of the world. It boasts a large aquatic center, Commerce
Aquatics that has trained a number of successful water polo players, in-
cluding four-time Olympic medallist Brenda Villa. Commerce is also the
site of Williams Ranch, on which is the swimming hole that the Sleepy La-
goon Murder of Jose Diaz took place in 1942. The Sleepy Lagoon swim-
ming hole was located near Slauson and Eastern Ave.
5533 E WASHINGTON BLVD. | PAGE 6
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5533 E WASHINGTON BLVD. | PAGE 7
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DEMOGRAPHICS
5533 E WASHINGTON BLVD. | PAGE 8
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DEMOGRAPHICS
5533 E WASHINGTON BLVD. | PAGE 9
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AVERAGE HOUSEHOLD INCOME
5533 E WASHINGTON BLVD. | PAGE 10