181 Vermont Ave, Los Angeles, CA 90004
3,209 SF | Retail Building | Los Angeles, CA 90004 | $11,000,000 ($3,428/SF) | 4% Cap Rate
For Sale
Active
3 pictures
Asking Price $11,000,000
- Property Type
-
Retail
- Square Feet
- 3,209 SF
- Price / Square Foot
- $3,428
Listing Contacts
Devon Dykstra
Michael Pakravan
Property Overview
Absolute NNN Lease – A truly passive investment with zero landlord responsibilities. Corporate Signature – The lease is signed by Starbucks Corporation which has a market cap of $104.6B. Outstanding strategic location minutes from a multitude of prominent Los Angeles areas and landmarks. Easy access to US 101 (With over 269k VPD). Driven by mass transit, the city benefits from the Los Angeles Metro Station with two stops in Koreatown. Close proximity to Hancock Park, Downtown Los Angeles, Hollywood, Mid-Wilshire, and Silver Lake. Koreatown has one of the largest concentrations of nightlife and 24-hour business and restaurants in the country. Extraordinary elements of the lease. 15 Year term with 10.7 Years remaining
Absolute NNN – zero landlord responsibilities. Extremely rare 12.5% rental increases every 5 years, with an attractive rent increase in early 2025. No kickout/termination clause. Two (5) Year Options.
Absolute NNN – zero landlord responsibilities. Extremely rare 12.5% rental increases every 5 years, with an attractive rent increase in early 2025. No kickout/termination clause. Two (5) Year Options.
Property Details
- Year Built/Renovated
- 1979/2019
- Stories
- 1
- Lot Size (sq. ft)
- 6,970 SF
Highlights
- Absolute NNN Lease – A truly passive investment with zero landlord responsibilities
- Corporate Signature – The lease is signed by Starbucks Corporation which has a market cap of $104.6B
- Outstanding strategic location minutes from a multitude of prominent Los Angeles areas and landmarks
- Easy access to US 101 (With over 269k VPD)
- Driven by mass transit, the city benefits from the Los Angeles Metro Station with two stops in Koreatown
- Close proximity to Hancock Park, Downtown Los Angeles, Hollywood, Mid-Wilshire, and Silver Lake
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