Multi-Tenant Triple Net (NNN) Leased Retail Property - FOR SALE

Highlights:

• Multi-Tenant NNN Investment Opportunity – Low management property, highly maintained asset, and guaranteed lease.
• Excellent 1031 Exchange Up-Leg Property – 3 Remaining Lease terms, annual 3% increases, and options to extend lease terms.
• Passive NNN Lease – The Tenant is financially responsible for Taxes, Utilities, Insurance and CAM charges relating to the property.
• Excellent Building Condition – The building was recently renovated.

Description:

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 8121 - 8129 W. 3rd Street in Los Angeles, CA. The property is a multi-tenant triple net (NNN) leased retail property located along highly trafficked 3rd Street, just west of Fairfax Avenue and next to world famous Grove shopping center and Farmers Market.

8121 - 8129 W. 3rd Street was built in 1946 and recently renovated. The property is approximately 3,567 rentable square feet of storefront retail building situated on approximately 8,714 square feet of land. It is located in the highly affluent and densely populated West Hollywood surrounds neighborhood.

The property is currently leased to four (4) tenants, Warby Parker, Oak and Poppy, Palms & Patties, and Framework on a triple-net basis plus billboard income.

Nestled in one of Los Angeles’s most dynamic commercial corridors, 8121 - 8129 W. 3rd Street offers a prime location for any business. The property is situated directly on West 3rd Street, a bustling thoroughfare known for its high foot traffic and vibrant retail scene. This section of 3rd Street serves as a key connector between Beverly Hills, West Hollywood, and the Fairfax District, ensuring exceptional visibility and accessibility for both local and destination customers. The surrounding area is a diverse and affluent community, providing a robust customer base.

The property benefits from an abundance of nearby amenities that enhance its appeal to both tenants and their clients. Within walking distance, you’ll find an eclectic mix of popular restaurants, boutique shops, and trendy cafes that contribute to the neighborhood’s lively atmosphere. Just a stone’s throw away are iconic destinations like The Grove, the Beverly Center, and the Original Farmers Market, which draw millions of visitors annually. This proximity to major retail and entertainment hubs provides unparalleled convenience and exposure.

The strategic location of 8121 - 8129 W. 3rd Street is defined by its excellent connectivity to major thoroughfares. It is just a short drive from Beverly Boulevard and Fairfax Avenue, two primary routes that facilitate easy travel across the city. The property’s central position also offers quick access to the 10 and 405 freeways, making it a highly accessible destination for commuters from all parts of Los Angeles. This superior network of roads and streets ensures that the property is well-connected and easily reachable from every direction.

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