NNN Single Tenant Supermarket For Sale with Development Potential

Highlights:

• Dense Infill Los Angeles Location
• Second time on the market in 30+ years
• Strong Demographic Profile
• Single Tenant Asset
• NNN Investment
• Ease of Management
• 9-minute walk to metro red line
• Easy access to 101 freeway
• Transit Oriented Community - Nearby Schools are Harvard Elementary, Virgil Middle and Fairfax Senior High School
• Opportunity Zone

Description:

Compass Commercial has been exclusively retained for the sale of 627 N Vermont Avenue in the City of Los Angeles. This investment offers an investor the opportunity to purchase a single tenant supermarket asset. Supermarket suits to the surrounding area demographics and drives significant traffic to this location. A renowned Grocery chain store is well known in Filipino community in Southern California.

The property is made up of an approximately 9,719 square foot building, with approximately 6,369 square feet on the ground floor and approximately 3,350 square feet on the second level all of which is leased to the Supermarket. Supermarket benefits from significant frontage on the heavily trafficked retail corridor of Vermont Avenue. Highway 101 carries 53,312 vehicles past Vermont Avenue exit and the intersection of Vermont and Melrose has a combined traffic count of over 41,854 cars per day.

627 N Vermont Ave is a highly-visible neighborhood center located at the signalized intersection of major Vermont Ave and Melrose within Opportunity Zone and is approximately two blocks north of the 101 Freeway. The density and infill characteristics of this location create high barriers to entry for competition and new development in a mature retail market. The property surrounded by retailers, businesses, major employers and colleges including Kaiser Permanente, Children s Hospital of Los Angeles, Los Angeles Community College, Cleveland Chiropractor College, American Career College and Hubbard College of Administration.

* Property records for the building show 6,369 square feet. The building is approximately 9,700 square foot building, with mezzanine 3,350 square feet on the second floor.

Buyer to verify all information inclusive of square footage.

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