Stan Johnson Co. and Ten-X Commercial are pleased to present the opportunity to acquire a fee simple interest in a corner property ground leased to McDonalds's located in the Echo Park Submarket of Los Angeles, CA. The Subject Property’s improvements measure approximately 2,513 square feet and sit on a corner lot that measures approximately 20,747 SF.
Located on the northeast corner of N. Alvarado Street and W. Temple Street, the Subject Property sits on a signalized corner with a combined traffic count of 61,000 vehicles per day and enjoys immediate access to the U.S. 101 freeway where approximately 296,000 vehicles pass by daily. The surrounding area has a very dense population with approximately 93,000 residents within a 1-mile radius and 537,000 residents within a 3-mile radius. McDonald’s has operated at this location since 1992, and it recently exercised its second 5-year option period with a 15% rental increase earlier this year, which commenced on 7/30/2017.