2230 S Central Ave
Compton, CA 90220
Retail Property For Sale

Kidder Mathews is pleased to offer for sale this brand new 2019 construction, fee simple Ground Lease Single Tenant NNN leased to AutoZone, Inc. Located within Compton Crossroads at 2230 S. Central Avenue, in the City of Compton, Los Angeles County, California. THE OFFERING The property consists of a 6,816 square foot pad building situated on a high-profile 24,002 square foot signalized land parcel located in Compton Crossroads. This is a 2019 newly constructed high-image, 100% leased retail center with 95% national and regional credit tenants such as In-N-Out Burger, El Pollo Loco, Dunkin Donuts, Waba Grill, Jimmy John’s and America's Best Contacts and Eyeglasses. OFFERING SUMMARY AutoZone's single tenant NNN absolute ground lease pad offers investors a stable income stream with long-term corporate guaranteed NNN leases. This provides an ease of management and is an ideal investment for a 1031 exchange or passive investors. The property is on a long-term 15 year absolute NNN ground lease to AutoZone, Inc. (NYSE: AZO) with zero landlord responsibility. The under-market ground lease contains five, five year options to renew, each with a 10% rental increase. The lease is corporately Guaranteed by AutoZone Inc. which holds a credit rating of “BBB” and is classified as Investment Grade. The property is strategically positioned with significant frontage and visibility along Central Ave, Artesia Blvd and the 91 Freeway with traffic counts of over 62,000 vehicles per day. Additionally, Compton Crossroads is located at the on/off ramp of the 91 Freeway, one of the most heavily trafficked North/South corridor freeways in Southern California with daily traffic counts in-excess of 198,000 vehicles per day. Compton Crossroads is positioned within the heart of the Los Angeles metro area. The property is centrally located within Los Angeles county with an exceptionally dense residential and commercial infilled population of over 698,967, having an average household income in excess of $70,757 within a 5 mile radius. Situated just 30 minutes from Downtown Los Angeles and 30 minutes from Orange County, the property’s location also benefits from convenient access to nearly all the area’s primary freeways including the 91 Freeway, 110 Freeway, 405 Freeway and 710 Freeway. Additionally, the site is surrounded by a synergistic mix of businesses, residences, universities (California State University Dominguez Hills with 14,364 students) and Dignity Health Sports Park, home to Los Angeles Galaxy.