Overview

Description

eXp Commercial is pleased to provide the opportunity to obtain the leasehold interest (sandwhich) in a high-performing lease at Albertsons in Downey, California. The Albertsons lease is located at 7676 Firestone Boulevard in Downey, California. The leasehold interest would be Listed for $3,500,000.00 - USD at a 3.91% CAP Rate. The lease happens to be a 20-Year Lease commencing on March 1st, 2005 with ten, 5-Year Options. The lease is NNN where the tenant is responsible for all utilities, real estate taxes, and building maintenance. The leasehold currently situates with a steady income at $136,785.00 / Annually displaying top performing numbers in an asset which the tenant greatly values. The buyer is acquiring an income stream that is not supported by any real property assets. The Albertsons lease is a sub-lease inside of the ground lease for sale.

APN: 6248-001-022

Highlights

• - Key Retailer Placement Surrounding Asset. There are a number of premier tenants surrounding the asset such as The Home Depot, Stater Bros. Markets, Sam's Club, Regal Cinemas, Party City, Dollar Tree, OfficeMax, O'Reilly Auto Parts, McDonalds, Taco Bell, Wendy's, Denny's, Starbucks, T-Mobile, Downey Nissan, Downey Hyundai, and more.
• - Location of Value being placed along Firestone Boulevard. Major Retail Corridor in Downey, California.
• - Major Developments are taking place in Downey, California. There are plans for a new Shake Shack, In-N-Out, Chick-fil-A, Raising Cane's, Nothing Bundt Cakes, and more. See more developments at https://www.downeyca.org/our-city/departments/communitydevelopment/planning/development-activity-log.
• - Top-Notch Recognition and Ease of Access. Firestone Boulevard features many Key Tenants due to Top-Notch Recognition along with Ease of Access to 710 Freeway & 5 Freeway.

Documents

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