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15-Year Absolute NNN Ground Lease

$9,473,000

12666 Studebaker Road, Norwalk, CA 90650

Active
Last Updated: 01/24/2025

4.75

Cap Rate

450,000

NOI

Details:
Cap Rate:    4.75%
NOI:    $450,000
Building Size:    3,705 sqft
Lot Area:    35,969 sqft
Year Built:    2024
Zoning:    NOC1
Parking Spots:    41
Description:

Trophy Los Angeles County Net Lease Investment - Brand-new Cane's 2024 construction drive-thru on an oversized parcel which includes a double drive-thru allowing stacking of 22 vehicles
State of the Art Design - The site benefits from a double drive-thru and a 3,705 sqft structure with significant parking, allowing for ease of access and increased revenue potential
Desirable Urban Los Angeles Demographics - 3-mile radius contains a population of over 245,000 people and average household incomes of over $112,000
Optimal Lease Structure - Contains a 15-year absolute NNN corporate guaranteed ground lease with no landlord responsibilities
Unmatched Transit Location - Immediate proximity to the Interstate 105 terminus and 605 interchange gives the site ideal access to several on/off ramps and freeways
Synergistic Commercial Corridor - One block away from Costco and Stater Bros shopping centers and nearby several national retail tenants
Incredibly Valuable Lot - The subject property sits on a 1.60-acre parcel in the heart of Norwalk, being one of the largest quick service restaurant properties in Southern California
Extremely High Traffic Intersection - Located at the signalized SEC of Imperial Hwy. and Studebaker Rd. seeing north of 66,000 cars per day in traffic

Map:
Documents:
Title
Offering Memorandum
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Location
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