Auto Service - Gas-Conv

Mobil Gas Station

6230 Franklin Ave, Los Angeles, CA 90028

Listing Price: $7,500,000

Cap Rate
10.71%
Tenant Name
Mobil
Years Remaining On Lease
9.7
Gross SF
1,800
Guarantor
No Guarantee
Rentable SF
1,800
Price/Gross SF
$4,166.67
Lease Type
Tenant at Will
Rent Per Square Feet
$470.59

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee-simple ownership of a property and business for a pride of ownership trophy Mobil Gas Station in Hollywood-Los Angeles, California. The offering consists of fee simple ownership in the Mobil gas station property which includes the business licensed with Mobil Gas for four pumps (permits for four additional/new diesel pumps in progress), a convenience store as well as a thriving auto body repair shop business. The C-Store sits at approximately 1,800 square feet on 16,569 square feet of land. 6230 Franklin Avenue is situated in the heart of the highly sought-after Hollywood sub market. Over 990,000 people in a three mile radius with the average household income of $93,626. Surrounding this trophy property are trademarks such as the Hollywood Palladium, ArcLight, Hollywood Walk of Fame, Paramount Pictures, Hollywood Pantages Theatre, CNN building, TAO, Dream Hotel, and Beauty & Essex. The property has high amenities neighbored by national tenants such as: Trader Joe’s, Wells Fargo Bank, Bed Bath & Beyond, Walgreens, Jack in the Box, Domino’s Pizza, 7-Eleven, LA Fitness, and Staples amongst others.

Investment Highlights

  • Pride of Ownership Hollywood Mobil Gas Station Property + Thriving Business
  • Strategically Located at the on and off Ramp of the 101 Freeway
  • Eight Existing Gas Pumps and Four Diesel Pumps
  • Consistent C-Store & Auto Body Shop Sales – High Volume / Margin- Close to $1.4 Million of Net Income Overall
  • Signalized Hard Corner with Over 43,000 Cars Per Day
  • Development Opportunity – TOC Tier 3 Zoning

Exclusively Listed By

Auto Service - Gas-Conv

Mobil Gas Station

Listing Price: $7,500,000

Cap Rate
10.71%
Tenant Name
Mobil
Years Remaining On Lease
9.7
Gross SF
1,800
Guarantor
No Guarantee
Rentable SF
1,800
Price/Gross SF
$4,166.67
Lease Type
Tenant at Will
Rent Per Square Feet
$470.59

Investment Highlights

  • Pride of Ownership Hollywood Mobil Gas Station Property + Thriving Business
  • Strategically Located at the on and off Ramp of the 101 Freeway
  • Eight Existing Gas Pumps and Four Diesel Pumps
  • Consistent C-Store & Auto Body Shop Sales – High Volume / Margin- Close to $1.4 Million of Net Income Overall
  • Signalized Hard Corner with Over 43,000 Cars Per Day
  • Development Opportunity – TOC Tier 3 Zoning

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee-simple ownership of a property and business for a pride of ownership trophy Mobil Gas Station in Hollywood-Los Angeles, California. The offering consists of fee simple ownership in the Mobil gas station property which includes the business licensed with Mobil Gas for four pumps (permits for four additional/new diesel pumps in progress), a convenience store as well as a thriving auto body repair shop business. The C-Store sits at approximately 1,800 square feet on 16,569 square feet of land. 6230 Franklin Avenue is situated in the heart of the highly sought-after Hollywood sub market. Over 990,000 people in a three mile radius with the average household income of $93,626. Surrounding this trophy property are trademarks such as the Hollywood Palladium, ArcLight, Hollywood Walk of Fame, Paramount Pictures, Hollywood Pantages Theatre, CNN building, TAO, Dream Hotel, and Beauty & Essex. The property has high amenities neighbored by national tenants such as: Trader Joe’s, Wells Fargo Bank, Bed Bath & Beyond, Walgreens, Jack in the Box, Domino’s Pizza, 7-Eleven, LA Fitness, and Staples amongst others.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower