Chipotle - UCLA Harbor Medical Center | 1019 W Carson St
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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
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)
PROPERTY TAXES
Parcel Number | 7345-010-012 | Improvements Assessment | $583,664 |
Land Assessment | $689,785 | Total Assessment | $1,273,449 |
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)) |
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Presented by
The Sher Group
Chipotle - UCLA Harbor Medical Center | 1019 W Carson St
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