Beverly Hills, CA - Tempura Endo

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, retail pad investment property located in Beverly Hills, California. The property is divided into two suites with Tempura Endo - Kyoto Gion currently occupying 950 square feet of the 1,700 SF leasable area, and Minx Nails Salon taking the remaining 750 SF space. The high-end Japanese restaurant tenant, Peace Dining, Inc. (dba Tempura Endo), has extended its first option early through May-2030, with another 5-year option remaining. Both leases feature 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation.

Positioned at the heart of Beverly Hills, the site is directly adjacent to the Flats, a highly affluent Beverly Hills community within the corridor of Rodeo Drive and Sunset Boulevard, boasting an affluent average home price of $9 million (per zillow). Furthermore, the site is near the Westfield Century City, a premium open-air retail center featuring more than 200 shops and restaurants, which recently received a
$1 billion renovation. The immediate area benefits from easy access to nearby West Hollywood, Century City, Westwood, including the University of California - Los Angeles (48,000 students), and providing steady, consistent consumer base from which to draw. The 5-mile trade area is supported by more than 656,500 residents and 588,100 daytime employees. Residents within 1 mile of the subject property boast an extremely affluent average household income of $192,785.