728 W Vernon Ave | Los Angeles, CA 90037
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- LoopNet Team
728 W Vernon Ave
Los Angeles, CA 90037
7-Eleven Center at Vernon and Hoover · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Leased to Three NNN Tenants – The property is fully leased to three NNN tenants responsible for the payment of CAM costs, Taxes, & Insurance
- E-Commerce Resistant Service Tenants – All of the center’s tenants are service oriented in nature and are not easily duplicated online.
- Strong Income Growth – 100% of the GLA is leased to tenants with embedded rent increases to hedge against inflation and offer income growth over time.
- Corporate 7-Eleven Lease – The 7-Eleven lease is signed directly with 7-Eleven, Inc. and offers investors an investment grade tenant (S&P: A)
- High Visibility at a Well-Known Intersection – The center has ±330 Ft of frontage at the intersection of Vernon & Hoover (±40,500 CPD).
- Proximity to I-110 Freeway – Located approximately 0.3 miles from the W Vernon Ave exit, the property is easily accessible to over 300,000 CPD
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
6,300 SF
Building Class
C
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.49 AC
Zoning
C-2 - Commercial Zone
Parking
30 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 5018-032-032 | Improvements Assessment | $1,305,600 |
| Land Assessment | $2,264,400 | Total Assessment | $3,570,000 |
PROPERTY TAXES
Parcel Number
5018-032-032
Land Assessment
$2,264,400
Improvements Assessment
$1,305,600
Total Assessment
$3,570,000
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