Listed by WESTMAC
$2,100,000
13300 W. Washington Blvd. | Dunkin' Donuts
Details
APN 4230-008-029,4230-008-030,4230-008-031,4230-008-032
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,380
NOI $97,593
Tenancy Single
Brand/Tenant Dunkin', Dunkin' Donuts
Lease Type NNN
Rent Bumps Yes
Lease Options 1. 9/01/2025-8/31/2030 = $8,132.71 per month/$97,592.55 per annum, NNN (exercised); 2. 9/01/2030-8/31/2035 = $9,108.63 per month/$109,303.65 per annum, NNN; 3. 9/01/2035-8/31/2040 = $10,201.67 per mon
Lot Size (SqFt) 7,870
Parking Spaces 13 spaces
Parking Per SqFt 9.42
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 02/04/2015
13300 W. Washington Blvd., Los Angeles, CA 90066
Marketing description
Prime NNN For Sale at 13300 W. Washington Blvd., Los Angeles, CA 90066. The property is occupied by Dunkin' Donuts with a brand new franchisee following a recently completed new assignment. The original lease commenced 2/5/2015 with a ten (10) year original lease term, and Option 1 (9/01/2025-8/31/2030) has been exercised at $8,132.71 per month NNN. The subject property is situated at the signalized corner of Washington Boulevard and Redwood Avenue, proximate to Marina Peninsula, Venice, Culver City, and Marina del Rey.
Investment highlights
- Prime NNN investment at 13300 W. Washington Blvd., Los Angeles, CA 90066
- Tenant: Dunkin' Donuts / Brand New Franchisee / New Assignment recently completed
- Original lease commencement date is 2/5/2015
- Original lease term was ten (10) years
- Option 1: 9/01/2025-8/31/2030 = $8,132.71 per month/$97,592.55 per annum, NNN (exercised)
- Option 2: 9/01/2030-8/31/2035 = $9,108.63 per month/$109,303.65 per annum, NNN
- Option 3: 9/01/2035-8/31/2040 = $10,201.67 per month/$122,420.10 per annum, NNN
- Option 4: 9/01/2040-8/31/2045 = $11,425.87 per month/$137,110.51 per annum, NNN
- Building Size: Approx. +/- 1,380 square feet
- Land Size: Approx. +/- 7,870 square feet or 0.18 acres
- Twelve (12) on site single-striped parking and one (1) handicapped space
- Parcels (Northern most) #29 & #31 are located in Culver City (Culver City commercial general zone)
- Parcels (Southern most) #30 & #32 are located in Los Angeles (Los Angeles located in the Glencoe/Maxella specific plan area)
Listing Contacts
Listed by WESTMAC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,592.55
$8,132.71/mo
Valuation Metrics
0
DSCR
4.65%
Cap Rate
4.65%
ROI
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