68 Pier Ave | Hermosa Beach, CA 90254
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- LoopNet Team
68 Pier Ave
Hermosa Beach, CA 90254
American Junkie · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 7 Parcels from sand & located on the most desirable block in the city
- Rare Entitlements – Subject property has a CUP that allows the sale of liquor and is open until 1:30AM on Friday & Saturday nights.
- Double-Net (NN) Lease – This lease is double net, with limited landlord responsibilities, and ideal for a passive investor.
- Walk Score: Walkers Paradise (95) – American Junkie is located on Pier Plaza, which is home to the most robust pedestrian foot traffic in the city.
- Long Term Lease – American Junkie still has approximately 6.5 Years left on lease, with 2, 5 year options at Fair Market Value.
- Hedge Against Inflation – This investment property benefits from 2% annual rent increase and Fair Market Value Rent increases for each option period
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Year Built/Renovated
1915/2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.95
Lot Size
0.07 AC
Zoning
HBC3YY
Frontage
30’ on Pier Ave
PROPERTY TAXES
| Parcel Number | 4187-005-011 | Improvements Assessment | $40,912 |
| Land Assessment | $58,805 | Total Assessment | $99,717 |
PROPERTY TAXES
Parcel Number
4187-005-011
Land Assessment
$58,805
Improvements Assessment
$40,912
Total Assessment
$99,717
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