Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present a net lease retail investment opportunity in the Highland Park neighborhood of Los Angeles located on the main thoroughfare of N Figueroa St just off the 110 Freeway • 4201 N Figueroa St was recently renovated by the tenant and leased to Enterprise-Rent-A-Car, a NNN corporate lease that commenced on February 1, 2024 • The original term is ten years* with two five-year options; throughout the base term, there are annual rent increases – the greater of CPI or 2% • Minimal landlord responsibilities, allowing an investor to passively collect cash flow; at the asking price, the CAP rate is 5.58% • Enterprise-Rent-A-Car has over 8,000 locations nationwide and is the leader of car rental providers in the industry • Rare opportunity to acquire a NNN corporate lease with long term development potential; the corner lot totals 12,051 SF zoned [Q]C2-1VL-HPOZ in a Tier 3 TOC, allowing for residential development and potential to build 31 apartment units by-right and up to 52 units utilizing the TOC benefits (Buyer to verify) • The Highland Park neighborhood is considered one of the most sought-after submarkets in Los Angeles as it sits in the center of three popular work and entertainment destinations with Downtown Los Angeles to the south, Glendale to the west and Pasadena to the east • Strong retail synergy in the neighborhood with other major tenants including Jack in the Box, Superior Grocers, Pizza Hut, and various strip centers, among others • Strong demographics, over 21,000 vehicles per day on N Figueroa St; densely populated with approximately 850,000 people in a five mile radius of the subject property *Tenant has the right to terminate the lease upon the expiration of the 60th month, with no less than 12 months prior written notice.