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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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Page 1: NNN LEASE INVESTMENT FOR SALE - images2.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and

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

Page 2: NNN LEASE INVESTMENT FOR SALE - images2.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and

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

Page 3: NNN LEASE INVESTMENT FOR SALE - images2.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and

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

Page 4: NNN LEASE INVESTMENT FOR SALE - images2.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and

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

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CRISSMAN COMMERCIAL SERVICES, INC. | WWW.CRISSMANCOMMERCIAL.COM