1005 S Fairfax Ave, Los Angeles, CA 90048
Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 1005 South Fairfax Avenue in Los Angeles, California. The property consists of roughly 2,614 rentable square feet of building space and is located on an estimated 0.34-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on November 21st, 2017 and has over 17 years remaining. The current rent is $158,257 with rental increases of 10% every 5 years throughout the base term and into either one (1), five (5)-year tenant renewal option or one (1), ten (10)-year tenant renewal option.
Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 1005 South Fairfax Avenue in Los Angeles, California. The property consists of roughly 2,614 rentable square feet of building space and is located on an estimated 0.34-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on November 21st, 2017 and has over 17 years remaining. The current rent is $158,257 with rental increases of 10% every 5 years throughout the base term and into either one (1), five (5)-year tenant renewal option or one (1), ten (10)-year tenant renewal option.
