DTLA Historic Core Single Tenant NNN Investment
Retail | 9.52% CAP | 7,867 SqFt
Marketing description
Fantastic DTLA Historic Core location between 8th and 9th Streets. The building was formerly The Rialto Theater (opened in 1917), and was added to the U.S. National Register of Historic Places in 1979. Apple Tower Theater electronics store is situated two stores to the north at the corner of 8th Street and Broadway. Nearby amenities include Level Hotel, Clifton’s Republic, and Shake Shack. Whole Foods, Bottega Louie, and Pershing Square are just a short walk away. Surrounded by thousands of residential units.
Investment highlights
Price reduced by $375,000! DTLA Historic Core single tenant NNN investment opportunity. 9.52% cap rate. 3 years remaining on lease to Urban Outfitters with three 5-year extension options. For more information on financial data and lease terms, please sign and return the NDA.
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