5533 e washington blvd. - images4.loopnet.com€¦ · located at the nec of eastern &...

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CRISSMAN COMMERCIAL SERVICES, INC. | 25129 The Old Road, Suite #212, Santa Clarita, CA 91381 | PH: 661.295.9300 FX: 661.295.0527 5533 E WASHINGTON BLVD. NNN LEASE INVESTMENT FOR SALE DRIVE-THRU PAD AVAILABLE-Ground Lease -FULLY ENTITLED FOR 3,300 SF NEW BURGER KING TO OPEN SOON

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Page 1: 5533 E WASHINGTON BLVD. - images4.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and traffic

CRISSMAN COMMERCIAL SERVICES, INC. | 25129 The Old Road, Suite #212, Santa Clarita, CA 91381 | PH: 661.295.9300 FX: 661.295.0527

5533 E WASHINGTON BLVD. NNN LEASE INVESTMENT FOR SALE

DRIVE-THRU PAD AVAILABLE-Ground Lease -FULLY ENTITLED FOR 3,300 SF

NEW BURGER KING TO OPEN SOON

Page 2: 5533 E WASHINGTON BLVD. - images4.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and traffic

TABLE OF CONTENTS

Crissman Commercial Services, Inc. makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s) 2016. All rights reserved

Property Summary & Price………………………….. …Pg. 3

Lease Summary……………………………...…………. Pg. 4

Location/Map...…………………………………….……..Pg. 5

City of Commerce………………………….…………… Pg. 6

Demographics..…………………...……………….……. Pg. 7

Demographics……………………………………… Pg. 9 -10

Average Household Income…………….…………… Pg. 11

Contact…………………………………………………. Pg. 12

Page 3: 5533 E WASHINGTON BLVD. - images4.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and traffic

5533 E WASHINGTON BLVD. | PAGE 3

PROPERTY SUMMARY

Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous

visibility and traffic. The project consists of two drive thru restaurant pads, one with a 2,070 SF building leased

to Burger King who will open soon. The other pad/parcel has all offsite improvements in place with entitlements

for up to 3,300 SF drive thru. We are currently marketing the pad for Ground Lease with initial asking rate of

$100,000 annual absolute net. All perimeter improvements, parking, trash enclosure, parking and power vault in

place, with utilities stubbed to pad. Tremendous daytime population density along one of the busiest industrial

corridors in Southern California. Washington Blvd. is currently undergoing street widening and additional

improvements. Overall the area is undergoing a redevelopment renaissance with projects planned in all

directions.

PRICING

List Price………......$3,500,000

Ground Lease Pad…..$100,000/YR

CAP Rate…………………...5%

OPERATING EXPENSE DATA

Operating Expense……..……..NNN

Taxes……………………..……..NNN

Insurance……………………....NNN

Page 4: 5533 E WASHINGTON BLVD. - images4.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and traffic

LEASE SUMMARY

Lease Abstract

Tenant Trade Name:

Lease Commencement

Lease Expiration

Initial Lease Term

Term Remaining On Lease

Base Rent

Rent PSF

Burger King

September 20, 2016

October 31, 2036

20 Years

20 Years

$77,868

$37.61

Rental Adjustments 11/1/2021 - $85,668.00

11/1/2026 - $94,220.40

11/1/2031 - $103,642.08

Option Periods 11/1/2036 - $114,006.24

11/1/2041 - $125,406.84

11/1/2046 - FMV

11/1/2051– FMV

Projected Pad

Base Rent

Adjustments

20 Years

$100,000

TBD

PAD SITE PROPERTY DETAILS

Addition 20,026 SF Lot Ground Lease

24/7 Operation Allowable - Both Pads

Partially Improved, Offsites In.

Fully Entitled for 3,300 SF Drive Thru

5533 E WASHINGTON BLVD. | PAGE 4

Page 5: 5533 E WASHINGTON BLVD. - images4.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and traffic

IRREPLACEABLE LOCATION

Very close proximity to the 5 & 710 Freeways

Over 16,000 Vehicles Per Day on S Eastern Ave

Unobstructed Visibility - Convenient Ingress/Egress

Approximate Population Within a 3 Mile Radius = 288,000

5533 E WASHINGTON BLVD. | PAGE 5

Page 6: 5533 E WASHINGTON BLVD. - images4.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and traffic

THE CITY OF COMMERCE Commerce is a city located in Southeast

Los Angeles County, California, United

States. The population was 12,823 at the

2010 census, up from 12,568 at the 2000

census. It is bordered by Vernon on the

west,

Los Angeles on the northwest, East Los

Angeles on the

north, Montebello on the east, Downey and

Bell Gardens on the south, and Maywood on

the southwest. The Los Angeles River forms

part of its southwestern boundary, and the

Rio Hondo separates it from Downey.

Commerce is served by the Long Beach and

Santa Ana freeways, as well as the Metro

Link commuter rail service at the Commerce

station. The city was incorporated in 1960 to

prevent neighboring cities such as Vernon

and Los Angeles from annexing industrial

land for tax revenue and elect- ed its first

city mayor, Maurice Quigley. Commerce has

become the water polo capital of the world. It

boasts a large aquatic center, Commerce

Aquatics that has trained a number of

successful water polo players, in- cluding

four-time Olympic medallist Brenda Villa.

Commerce is also the site of Williams

Ranch, on which is the swimming hole that

the Sleepy La- goon Murder of Jose Diaz

took place in 1942. The Sleepy Lagoon

swim- ming hole was located near Slauson

and Eastern Ave. 5533 E WASHINGTON BLVD. | PAGE 6

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DEMOGRAPHICS

5533 E WASHINGTON BLVD. | PAGE 7

Demographic 1 Mile Radius 2 Mile Radius 3 Mile Radius

Average Household Income $2,411 $24,549 $72,617

Population 9,315 101,010 288,298

Daytime Employee Population 20,705 58,289 107,083

Businesses 1,024 3,865 8,624

Surrounding Traffic Counts

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DEMOGRAPHICS: Population

5533 E WASHINGTON BLVD. | PAGE 8

Page 9: 5533 E WASHINGTON BLVD. - images4.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and traffic

DEMOGRAPHICS: Population

Page 10: 5533 E WASHINGTON BLVD. - images4.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and traffic

5533 E WASHINGTON BLVD. | PAGE 10

DEMOGRAPHICS: Income

Page 11: 5533 E WASHINGTON BLVD. - images4.loopnet.com€¦ · Located at the NEC of Eastern & Washington Blvd, in the City of Commerce, this project offers tremendous visibility and traffic

CRISSMAN COMMERCIAL SERVICES, INC. | WWW.CRISSMANCOMMERCIAL.COM