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Downey Gateway 8236 - 8276 Firestone

27,088 SF 100% Leased 4-Star Retail Building Downey, CA 90241 $17,500,000 ($646/SF) 5.56% Cap Rate

Investment Highlights

  • Heavy Traffic Corner Intersection
  • Mixed of Internet Resistant Restaurant & Service Tenants
  • National & Local Tenant Mix
  • Dense, Infill Urban Demographics
  • Heavy Foot Traffic
  • Excellent Exposure & Visibility

Executive Summary

100% Leased - Prime NNN Investment Opportunity located in the heart of Downtown Downey. Downey Gateway is a 14 -Tenant, 27,088* square foot, newly revitalized restaurant and entertainment center located in the heart of Downtown Downey. The center is located on a
busy intersection of Firestone Boulevard and Downey Avenue in the heart of Downtown's Downey. Downey Gateway is an exciting and
iconic point of destination for local residents and visitors alike. The center is situated on 1.16 acres and comprises 4 separate building
featuring an entertainment courtyard with a large screen TV for outdoor music. Convenient parking for Downey Gateway customers is
assured with a large parking lot shared by the adjacent building and the city. The ideal tenant mix consists of 72% (10 out of 14), internet
resistant restaurant tenants which draws in customers for evening and weekend for food and entertainment. In addition to a large percentage of internet resistant restaurant tenants, the property also has 22% (3 out of 14), internet resistant service related tenants, and 6% (1 out of 14), retail tenant. Investors will benefits from the lack of short term lease roll over as 81% of the current tenants have lease terms that do not expire until at least 2027 or later. 90% of the tenants have executed lease extensions, demonstrating their commitment and confidence in their long-term success at the property.

Data Room Click Here to Access

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
27,088 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2013
Price
$17,500,000
Price Per SF
$646
Cap Rate
5.56%
NOI
$972,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Land Acres
1.16 AC
Zoning
DOM2 - Commercial
Frontage
233 FT on Firestone Boulevard

Amenities

  • Banking
  • Bus Line
  • Corner Lot
  • Courtyard
  • Restaurant
  • Signage
  • Signalized Intersection
  • Monument Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Chop'd Downey
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • La Chula Restaurant
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Legends Boardshop
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Starfish Sushi
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Stinkin Crawfish
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Sugar & Glow
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Taquero Mucho
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • The Hummus Factory
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Waba Grill
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Yogurtland
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Chop'd Downey Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
La Chula Restaurant Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Legends Boardshop Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Starfish Sushi Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Stinkin Crawfish Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Sugar & Glow Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Taquero Mucho Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
The Hummus Factory Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Waba Grill Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Yogurtland Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score ®
Walker's Paradise (91)
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.®

Nearby Major Retailers

Waba Grill
Cross Fit Downey
U.S. Bank
Bank Of America Mortgage
Bank of America
NORMS
Chase Bank
Grocery Outlet
Mimi's Cafe
ALDI

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6255-003-018
Land Assessment
$10,039,670 (2024)
Improvements Assessment
$8,366,391 (2024)
Total Assessment
$18,406,061 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
  • Listing ID: 29891053

  • Date on Market: 10/26/2023

  • Last Updated:

  • Address: 8236 - 8276 Firestone, Downey, CA 90241

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