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Department Store

Kiehl's on Montana

1516 Montana Ave, Santa Monica, CA 90403

Listing Price: $5,150,000

Cap Rate
4.86%
Tenant Name
Kiehl's
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
2,306
Lease Type
Absolute Net
Rent Per Square Feet
$108.52

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire Kiehl’s on Montana (the “Property”), which is a 2,306 square foot single tenant Kiehl’s net lease with 5 years of remaining term. The Property benefits from its incredible location on one of the most sought after, Iconic retail streets in LA. Kiehl’s on Montana recently extended their lease proving their continuous support of this location. This is a low maintenance opportunity with minimal landlord responsibilities.

Investment Highlights

  • High Credit Tenancy-Corporate Guarantee
  • Strong Operating History
  • Prime Location
  • Extremely High Barriers to Entry

Exclusively Listed By

Department Store

Kiehl's on Montana

Listing Price: $5,150,000

Cap Rate
4.86%
Tenant Name
Kiehl's
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
2,306
Lease Type
Absolute Net
Rent Per Square Feet
$108.52

Investment Highlights

  • High Credit Tenancy-Corporate Guarantee
  • Strong Operating History
  • Prime Location
  • Extremely High Barriers to Entry

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire Kiehl’s on Montana (the “Property”), which is a 2,306 square foot single tenant Kiehl’s net lease with 5 years of remaining term. The Property benefits from its incredible location on one of the most sought after, Iconic retail streets in LA. Kiehl’s on Montana recently extended their lease proving their continuous support of this location. This is a low maintenance opportunity with minimal landlord responsibilities.

Exclusively Listed By

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