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Chipotle - UCLA Harbor Medical Center 1019 W Carson St

4,000 SF Flex Building Torrance, CA 90502 $5,995,000 ($1,499/SF) 4.59% Cap Rate

Investment Highlights

  • Coveted Investment grade, single tenant Chipotle Mexican Grill Corporate guaranteed lease
  • Excellent LA County location directly across from UCLA Medical Center’s 72-acre campus that is undergoing a $2BN expansion and modernization with new
  • 15-Year NNN Lease (Commencement/Store Opening: Dec 2024)
  • Signalized hard corner at the main hospital entrance alongside In-N-Out, Chick-fil-A and Starbucks.

Executive Summary

The Sher Group is pleased to present this single tenant, NNN Chipotle Mexican Grill in Torrance, California (Los Angeles County). The property is located directly across from UCLA Hospital’s 72-acre campus that is currently undergoing a $2BN modernization and expansion. This prime location sits on the major thoroughfare through the South Bay (on Carson Street) at the hospital’s main entrance alongside In-N-Out Burger, Chick-fil-a, Smart & Final, Jack-In-The Box and Starbucks. The site benefits from excellent visibility, site access, signage, dedicated parking, heavy traffic, a hard signalized corner and a dense mix of residential and commercial activity alongside UCLA Medical Center’s 2,000 employees, patients and visitors. This rare Los Angeles County offering boasts a rare 15-Year Primary Term lease from an excellent corporate credit tenant (NYSE: CMG) showing their long-term commitment to the site. The brand new build-out and store opening is set for December 2024. Founded in 1993, Chipotle is the premier Mexican food QSR with over 3,500 fast casual restaurants specializing in bowls, tacos and burritos made to order.

Property Facts

Price $5,995,000
Price Per SF $1,499
Sale Type Investment NNN
Cap Rate 4.59%
Sale Conditions
1031 Exchange
  • Build to Suit
Property Type Flex
Building Class A
Lot Size 0.37 AC
Rentable Building Area 4,000 SF
No. Stories 1
Year Built 2024
Tenancy Single
Parking Ratio 1/1,000 SF

Amenities

  • Restaurant
  • Signage
  • Air Conditioning

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Chipotle
  • Accommodation and Food Services
  • 4,000 SF
  • -
  • Triple Net
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Chipotle Accommodation and Food Services 4,000 SF - Triple Net -
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7345-010-012
Land Assessment
$689,785
Improvements Assessment
$583,664
Total Assessment
$1,273,449

zoning

Zoning Code MU1 (SP (West Carson Transit Oriented District (TOD) Specific Plan))
MU1 (SP (West Carson Transit Oriented District (TOD) Specific Plan))
  • Listing ID: 33863648

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 1019 W Carson St, Torrance, CA 90502

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