Albert's Mexican Food & VANS 11610 Imperial Hwy 5,800 SF 100% Leased Retail Building Norwalk, CA 90650 $4,034,000 ($695.52/SF) 5.50% Cap Rate

Faris Lee Investments is pleased to present the unique opportunity to acquire a fee simple interest (land and building) in a multi-tenant retail asset located along Imperial Highway in Norwalk, California (“the Property”). The Property is currently occupied by two well-established tenants, Vans and Albert’s Mexican Food, both with decades of operating history at this location. Vans operates under a corporate lease executed by VF Outdoor, LLC, the principal operating subsidiary of VF Corporation (NYSE: VFC), providing strong credit backing from a $9.5 billion global apparel company. Albert’s Mexican Food has been a local staple since 2009, generating consistent daily traffic and highlighting the strength of both the tenants and the site itself.
The Property offers significant embedded upside, as both tenants are currently on short-term leases with no remaining options. Albert’s Mexican Food is paying rent materially below market rates for comparable drive-thru QSR assets, creating immediate mark-to-market potential. The Vans lease presents additional value-add opportunities, allowing an investor to negotiate a long-term extension leveraging Vans’ 28-year operating history or recapture the space to re-tenant at market rates. This near-term lease rollover provides flexibility to enhance cash flow, increase weighted average lease term, and align the tenancies with an investor’s long-term objectives.
Structured as a Triple Net (NNN) asset, the Tenants are responsible for property taxes, insurance, common area maintenance (CAM), and HVAC, delivering a truly passive investment with minimal operational responsibilities. This structure, combined with the Property’s high-visibility location at the signalized intersection of Imperial Highway and Jersey Avenue and proximity to the on/off ramps for Interstates 5, 605, and 105, provides a highly attractive, low-management income stream. The Property also benefits from large pole and monument signage, ensuring unmatched tenant exposure to both local and commuter traffic.
The Property is strategically positioned in a dense, high-barrier-to-entry trade area of Los Angeles County, with over 223,000 residents, nearly 100,000 daytime employees, and an average household income exceeding $116,000 within a three-mile radius. Additionally, the asset is situated amidst significant area redevelopment, including over 600 new residential units planned or underway through the Keystone Lanes redevelopment, Primestor’s “The Walk” mixed-use district, and the Alondra Maidstone project, further enhancing consumer density and supporting long-term tenant demand in the immediate trade area.