Absolute Net Lease Multi Tenant Retail Center | 1752 W Slauson Ave
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Absolute Net Lease Multi Tenant Retail Center 1752 W Slauson Ave
8,919 SF 100% Leased Retail Building Los Angeles, CA 90047 $6,450,000 ($723/SF) 6.05% Cap Rate
Investment Highlights
- Nation Chain Tenants Including 7-Eleven, Wingstop, T-Mobile, Ace Cash Express and little Caesars Pizza
- 100% occupied synergistic food & service tenants
- ±70,000 vehicles per day signalized intersection
- Six-tenant NNN strip center
- Stable in place income/long term occupants - 5 of 6 Tenants Recently Extended
- Across from Home Depot anchored Chesterfield Square
Executive Summary
Kidder Mathews as exclusive agent to Owner is pleased to present for sale 1752-1754 W Slauson Avenue, Los Angeles, CA. The offering represents an ideal "daily needs urban neighborhood strip center" in a core Los Angeles market. The ±8,919 SF building/± 22,681 SF site (0.52 Acres) is situated at the bustling SEC of the signalized intersection of W Slauson Ave & S Western Ave (±70,000 VPD).
Anchored by 7-Eleven (recent 10-year lease extension), the property is 100% leased to a synergistic mix of six (6) quick service restaurant/service tenants including national/regional brands such as Metro by T-Mobile, Wingstop, Ace Cash Express and Little Caesars Pizza. Several tenants have executed recent renewal options demonstrating their commitment to the center. In addition, 5 out of 6 tenants have over 10 years of successful historical occupancy at the property.
A brand-new roof was installed December 2023 (20-year assignable labor & materials warranty) and the parking lot asphalt was recently resurfaced in September 2021. In totality, the property offers an investor the opportunity to acquire a well maintained “internet resistant daily needs/food” based strip center with stable in place income and scheduled rental growth.
Anchored by 7-Eleven (recent 10-year lease extension), the property is 100% leased to a synergistic mix of six (6) quick service restaurant/service tenants including national/regional brands such as Metro by T-Mobile, Wingstop, Ace Cash Express and Little Caesars Pizza. Several tenants have executed recent renewal options demonstrating their commitment to the center. In addition, 5 out of 6 tenants have over 10 years of successful historical occupancy at the property.
A brand-new roof was installed December 2023 (20-year assignable labor & materials warranty) and the parking lot asphalt was recently resurfaced in September 2021. In totality, the property offers an investor the opportunity to acquire a well maintained “internet resistant daily needs/food” based strip center with stable in place income and scheduled rental growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,919 SF
Building Class
C
Year Built
1992
Price
$6,450,000
Price Per SF
$723
Cap Rate
6.05%
NOI
$390,063
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
C2-2D-CPIO (TOC - Tier 3)
Parking
36 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Monument Signage
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6002-001-001 | Improvements Assessment | $1,317,420 |
| Land Assessment | $905,721 | Total Assessment | $2,223,141 |
PROPERTY TAXES
Parcel Number
6002-001-001
Land Assessment
$905,721
Improvements Assessment
$1,317,420
Total Assessment
$2,223,141
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Absolute Net Lease Multi Tenant Retail Center | 1752 W Slauson Ave
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