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Trophy Retail on Main St 2736 Main St
2,465 SF Retail Building Santa Monica, CA 90405 $3,395,000 ($1,377/SF) 4.08% Cap Rate
Investment Highlights
- Tenant may be willing to be bought out of current lease.
Executive Summary
Projected Income for 10/1/2024 – 9/30/2025 of $138,622 + triple net reimbursements. Six years remaining on the initial lease term with annual rent increases of 2.75%. The tenant is a seasoned business owner with 20+ years of experience.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$138,622
|
$56.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$138,622
|
$56.24
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $138,622 |
| Annual Per SF | $56.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $138,622 |
| Annual Per SF | $56.24 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Mezzanine
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 2,465 SF
- $51.00
- Triple Net
- Aug 2030
Our flagship store is located in the heart of Venice, on trendy Abbot Kinney Blvd. Our new store is now OPEN at 512 Rose Ave. Same great service & style, with an hour of FREE PARKING off 5th street. We are a full service hair salon dedicated to exceptional customer service by providing fabulous styling, top of the line hair care products, and maintaining an active role in our community. Please join us for occasional art shows, seasonal parties, and the annual Abbot Kinney Street Festival. trim. is always rocking, the atmosphere is comfortable & aesthetically pleasing, and very down-to-earth. We are open 7-days-a-week to accommodate your schedule. We specialize in hair coloring and cutting, offer the most advanced techniques in hair extensions, and still proudly use the original BRAZILIAN BLOW OUT for both men and women. We are here to help you unwind. Just sit back and enjoy a glass of wine or a beer while we revamp your current style or help you come up with a sexy new look. Takin
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 2,465 SF | $51.00 | Triple Net | Aug 2030 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $296,514 | |
| Land Assessment | $2,601,000 | Total Assessment | $2,897,514 |
PROPERTY TAXES
Presented by
Rootstock Investment Group
Trophy Retail on Main St | 2736 Main St
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