Rare Freestanding Restaurant | Available For Lease Or Sale

Description:

Expiring Restaurant Lease - Church's Chicken is vacating the premises in December of 2024, offering an immediate value-add opportunity for an investor or developer.

Below-Market Rents with Major Upside - The Tenant is currently paying a well-below-market rent allowing for future upside in income potential.

Development or Owner-User Potential - The site offers the opportunity to redevelop the property or use the existing structure to bring in a new tenant paying market rent, purchase as an owner/user investment, or develop as a mixed-use project.

Signalized Hard Corner Location with Significant Traffic - The subject property is situated on the busy signalized intersection of Imperial Highway and Western Avenue, which sees roughly 52,000 SPD in traffic.

Excellent Visibility and Access - The property contains several points of ingress/egress with over 250 feet of frontage combined on Imperial Highway and Western Avenue

Major Commercial Corridor - The site is strategically located caddy corner to Los Angeles Southwest College (8,200 full-time students and 425 staff) and nearby several national retailers including Food-4-Less, Del Taco and Carl's Jr.

Billboard Included in Sale - The property features a rare billboard that creates an additional source of income with potential to significantly increase rent over time

Dense Infill Trade Area - Strong Los Angeles demographics. The surrounding 3-mile trade area contains about 371,000 residents with an annual household income just north of $81,000.

Attractive Financing - Excellent owner-user opportunity for a restaurant operator to purchase this location with a 10% down payment at 6.50% interest rate (Contact Scott Budzenski with CBRE's Debt and Structured Finance for more details)

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