2711 E OLYMPIC BLVD, LOS ANGELES, CA 90023-3409

Colliers is pleased to present the opportunity to acquire 2711 E. Olympic Blvd, a well-located single-tenant retail asset in Los Angeles, immediately adjacent to the Arts District and other Downtown Los Angeles neighborhoods. The Property consists of a freestanding ±22,225-square-foot retail building situated on a signalized corner ±1.37-acre parcel, offering both durable in-place income and long-term covered-land optionality.

The Property is leased to WSS, operated by Eurostar, Inc., a California corporation. WSS is a value-oriented footwear and apparel retailer with a store model well suited to dense, urban infill trade areas. Importantly, WSS operates a 100% company-owned store fleet, making this a corporate lease rather than a franchise lease. Eurostar/WSS was acquired by Foot Locker in 2021, and Foot Locker was subsequently acquired by DICK’S Sporting Goods, positioning WSS within the portfolio of a publicly traded, investment-grade retail platform (S&P BBB / Moody’s Baa2).

The tenant’s lease runs through January 31, 2030, with three (3) five-year options to extend, offering potential tenancy through 2045. The option periods include rent increases of approximately 9%, 10%, and 10%, respectively, providing contractual rent growth throughout the renewal periods.

Under the modified gross lease structure, the landlord is responsible for real estate taxes and property insurance.

The Property is further supported by its location within an Opportunity Zone and Qualified Census Tract, as well as its TOC Tier 3 designation and ED1 eligibility. These attributes provide meaningful long-term redevelopment optionality for residential or mixed-use development in a supply-constrained Los Angeles submarket.

With 71 on-site parking stalls, strong access, and a dense surrounding population base, the Property offers investors stable in-place income today with substantial optionality over the long term.