Two-Tenant Retail Pad | Annual Increases 9777 Santa Monica Blvd
1,700 SF 100% Leased Retail Building Beverly Hills, CA 90210 $3,950,000 ($2,323.53/SF) 4.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Southern California Real Estate | High Barriers To Entry Annual Rental Increases | 100% Occupied
- Demographics in 5-Mile Trade Area | Six-Figure Incomes
- Situated Between Rodeo Drive & Westfield Century City | $1 Billion Renovation | LA Country Club | $5 Billion One Beverly Development
- Signalized, Hard Corner Intersection | Wilshire Boulevard | Excellent Street Visibility
- Southern California Real Estate | Recent Renovation The Golden Triangle | High Barriers to Entry
EXECUTIVE SUMMARY
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, retail pad investment property located in Beverly Hills, California. The property is divided into two suites with Tempura Endo - Kyoto Gion currently occupying 950 square feet of the 1,700 SF leasable area, and Minx Nails Salon taking the remaining 750 SF space. The high-end Japanese restaurant tenant, Peace Dining, Inc. (dba Tempura Endo), has extended its first option early through May-2030, with another 5-year option remaining. Both leases feature 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,700 SF
Building Class
C
Year Built/Renovated
1960/2020
Price
$3,950,000
Price Per SF
$2,323.53
Cap Rate
4.14%
NOI
$163,564
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.04 AC
Zoning
C3 - Commercial Zone
Parking
10 Spaces (5.88 Spaces per 1,000 SF Leased)
Frontage
48’ on S Santa Monica Blvd
AMENITIES
- Bus Line
- Restaurant
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- MINX NAILS
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Tempura Endo
- Accommodation and Food Services
-
99,999 SF
- -
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| MINX NAILS | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Tempura Endo | Accommodation and Food Services | 99,999 SF | - | - | Jan 0000 |
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4343-027-002 | Improvements Assessment | $1,624,818 |
| Land Assessment | $1,740,876 | Total Assessment | $3,365,694 |
