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3915 E Olympic Blvd
Los Angeles, CA 90023
United Pacific: Los Angeles, CA (E Olympic) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Increases
- Long-Term Operating History
- Los Angeles MSA Advantage
- High Barriers to Entry
- Intrinsic Underlying Value
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 662-square-foot United Pacific gas station and convenience store positioned on 0.24 acres in Los Angeles, California (MSA Population: 13M+). The site is subject to a ±8.7-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the three, 5-year renewal options.
Business is not for sale
Business is not for sale
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
662 SF
Building Class
C
Year Built
1950
Price
$4,086,957
Price Per SF
$6,173.65
Cap Rate
5.75%
NOI
$235,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.24 AC
Zoning
LCM1*
Parking
1 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 5242-008-006 | Improvements Assessment | $656,186 |
| Land Assessment | $2,843,478 | Total Assessment | $3,499,664 |
PROPERTY TAXES
Parcel Number
5242-008-006
Land Assessment
$2,843,478
Improvements Assessment
$656,186
Total Assessment
$3,499,664
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