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2566 E Florence Ave
Walnut Park, CA 90255
99 Cents Only (Florence Ave.) · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,943 SF
Building Class
C
Year Built
1937
Tenancy
Single
Building Height
1 Story
Building FAR
0.65
Lot Size
0.28 AC
Zoning
C3, L.A. County
Parking
19 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
About 2566 E FLORENCE AVE , WALNUT PARK, CA 90255
*Corporate Guarantee Lease is corporately guaranteed by 99 Cents Only Stores, which operates over 390 locations across California, Texas, Arizona, and Nevada *Long Term Lease Recently extended ten (10) year firm term lease with one (1), ten (10) year option to renew *Desirable Rental Increases The lease calls for 10% rental increases every Five (5) Years (during initial term and option periods), providing a hedge against potential future inflation *Heavily Trafficked Retail Corridor Ease of access from Pacific Boulevard and Florence Avenue - 51,000+ CPD *Robust Population Densely populated trade area - over 450,000 people living in a 3-mile radius
Property Taxes
| Parcel Number | 6201-004-003 | Improvements Assessment | $1,485,548 |
| Land Assessment | $1,160,584 | Total Assessment | $2,646,132 |
Property Taxes
Parcel Number
6201-004-003
Land Assessment
$1,160,584
Improvements Assessment
$1,485,548
Total Assessment
$2,646,132
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