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    Asking Price

    $5,575,000

    Accepting Offers

    Additional Seller Terms
    Diligence Period
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    Closing Period
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    Deposit (EMD)
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    RETAIL

    NNN CORPORATE MCDONALD'S

    NNN CORPORATE MCDONALD'S

    405 N Alvarado St, Los Angeles, CA 90026

    405 N Alvarado St, Los Angeles, CA 90026
    Rentable Sq. Ft.

    18,500

    NOI

    $180,900

    Occupancy

    100%

    Year Built

    1992

    Broker Co-Op Available
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    Property Information

    HIGHLIGHTS

    • Extremely rare opportunity to acquire an urban McDonald’s ground lease in the heart of Los Angeles
    • Fee simple interest in an extremely rare trophy single tenant investment property ground leased to McDonald’s
    • Twenty-five years of restaurant operation at this location
    • Two option periods exercised shows tenant’s commitment to the site
    • High rental rate and escalations indicate strong same-store sales at this location
    • Absolute Net Lease structure with zero management responsibilities
    • Most iconic quick-service restaurant brand in the world
    • Corporate-guaranteed lease backed by an investment-grade tenant
    • Two option-periods remaining with 15% rent escalations
    • Submarket continues to enjoy healthy residential and commercial growth
    • Multiple high-density residential developments under construction nearby
    • Rental escalations will protect and enhance future property value
    • Releasing and redevelopment potential
    Primary Property Type
    Retail
    Occupancy
    100%
    Type of Ownership
    Leasehold
    Year Renovated
    2005
    Buildings
    1
    Transaction Fee
    See fee memo in vault
    Gross Area (Sq. Ft.)
    20,747
    Parking Ratio
    9%
    Occupancy as of Date
    11/01/2017
    Year Built
    1992
    Floors
    1
    Lot Size (Acres)
    0.47
    Property ID
    1000006047
    Rentable (Sq. Ft.)
    18,500
    Traffic Count
    61,000
    Primary Property Type
    Retail
    Occupancy
    100%
    Occupancy as of Date
    11/01/2017
    Type of Ownership
    Leasehold
    Year Built
    1992
    Year Renovated
    2005
    Buildings
    1
    Floors
    1
    Lot Size (Acres)
    0.47
    Property ID
    1000006047
    Transaction Fee
    See fee memo in vault
    Rentable (Sq. Ft.)
    18,500
    Gross Area (Sq. Ft.)
    20,747
    Parking Ratio
    9%
    Traffic Count
    61,000
    Detailed Description

    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.

    LOCATION HIGHLIGHTS

    • Hard signalized-corner with a combined traffic count of approx. 61,000 vehicles per day
    • Immediate freeway access with traffic counts of approximately 296,000 vehicles per day
    • Unmatched population density with approximately 93,000 people within a 1-mile radius and approximately 537,000 people within a 3-mile radius

    SITE/LAND DETAILS

    Parking Stalls
    22
    Zoning Designation
    LAC2
    Parking Type
    Surface
    Parking Type
    Surface
    Parking Stalls
    22
    Zoning Designation
    LAC2

    STRUCTURE DETAILS

    Construction Type
    Wood
    Roof Type
    Built-Up Membrane
    Construction Type
    Wood
    Roof Type
    Built-Up Membrane

    Contact

    • Michael Zacharski
      Ten-X
      Client Management
      (949) 790-6427

    Document Vault

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    Offer Select Fee Memo (2)
    0
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    Offering Memorandum (1)
    0
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    Operating and Financial (4)
    0
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    Purchase Agreement (1)
    0

    Financials

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    Revenue
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