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Restaurant

Chick-fil-A | Los Angeles | 15 Year NNN Ground Lease | Brand New 2021 Construction | Hard Corner

8900 Imperial Highway, Downey (Los Angeles), CA 90242

Listing Price: $7,428,571

Cap Rate
3.50%
Tenant Name
Chick-fil-A
Years Remaining On Lease
14.9
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$1,857.14
Lease Type
NNN Ground Lease
Rent Per Square Feet
$65.00

Investment Overview

Downey is a city located in southeast Los Angeles County, California, 13 miles southeast of downtown Los Angeles. It is considered part of the Gateway Cities. The city is the birthplace of the Apollo space program. It is also the home of the oldest still operational McDonald’s restaurant in the world. In 2017, the City of Downey was recognized as L.A. County’s “Most Business-Friendly City” by the Los Angeles County Economic Development Corporation. Los Angeles County, officially the County of Los Angeles, is the most populous county in the United States, with more than ten million inhabitants as of 2018. It is the largest non–state-level government entity in the United States. Its population is greater than that of 41 individual U.S. states. It has the third-largest metropolitan economy in the world, with a Nominal GDP of more than $700 billion. It has 88 incorporated cities and many unincorporated areas and, at 4,083 square miles, it is larger than the combined areas of Delaware and Rhode Island. The county is home to more than one-quarter of California residents and is one of the most ethnically diverse counties in the United States. Its county seat, Los Angeles, is also California’s most populous city and the second most populous city in the United States, with about four million residents.

Investment Highlights

  • 15-Year NNN Ground Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2021 High Quality Construction with Dual Drive-Thru Lane.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 72k Vehicles.
  • Chick-fil-A named the #1 Fast-Food Restaurant in America with Annual Sales of Nearly $10.5 Billion and Average Sales Per Unit of $4.6 Million.
  • Strong Daytime Employment Area - The Site is Surrounded by a Large Base of Office Employees within Walking Distance or a Short Drive.
  • Walking Distance from Kaiser Permanente Downey Medical Center - A New $390 Million, 700k+ Sq.Ft State-of-the-Art Full-Service Hospital consisting of 350 Beds and more than 4,500 Employees.
  • Densely Populated & Affluent Area: Features an Average Household Income of $86k+ within a 1-Mile Radius and 813k+ People Residing within a 5-Mile Radius.
  • Near Promenade at Downey - A 656k Sq.Ft., 50+ Store Retail Power Center Anchored by a Walmart Supercenter, HomeGoods, TJ Maxx, Burlington and a Cinemark Multicinema.
  • In Close Proximity to Downey Landing - A 370k Sq.Ft., 35+ Store Shopping Center Anchored by LA Fitness, Best Buy, Marshalls, Ross Dress for Less, Bed Bath & Beyond and Staples. Minutes from Numerous Schools with High Student Counts including Downey High School (4,035+ Students), Warren High School (3,635+ Students) and Paramount High School (4,720+ Students).

Exclusively Listed By

Restaurant

Chick-fil-A | Los Angeles | 15 Year NNN Ground Lease | Brand New 2021 Construction | Hard Corner

Listing Price: $7,428,571

Cap Rate
3.50%
Tenant Name
Chick-fil-A
Years Remaining On Lease
14.9
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$1,857.14
Lease Type
NNN Ground Lease
Rent Per Square Feet
$65.00

Investment Highlights

  • 15-Year NNN Ground Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2021 High Quality Construction with Dual Drive-Thru Lane.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 72k Vehicles.
  • Chick-fil-A named the #1 Fast-Food Restaurant in America with Annual Sales of Nearly $10.5 Billion and Average Sales Per Unit of $4.6 Million.
  • Strong Daytime Employment Area - The Site is Surrounded by a Large Base of Office Employees within Walking Distance or a Short Drive.
  • Walking Distance from Kaiser Permanente Downey Medical Center - A New $390 Million, 700k+ Sq.Ft State-of-the-Art Full-Service Hospital consisting of 350 Beds and more than 4,500 Employees.
  • Densely Populated & Affluent Area: Features an Average Household Income of $86k+ within a 1-Mile Radius and 813k+ People Residing within a 5-Mile Radius.
  • Near Promenade at Downey - A 656k Sq.Ft., 50+ Store Retail Power Center Anchored by a Walmart Supercenter, HomeGoods, TJ Maxx, Burlington and a Cinemark Multicinema.
  • In Close Proximity to Downey Landing - A 370k Sq.Ft., 35+ Store Shopping Center Anchored by LA Fitness, Best Buy, Marshalls, Ross Dress for Less, Bed Bath & Beyond and Staples. Minutes from Numerous Schools with High Student Counts including Downey High School (4,035+ Students), Warren High School (3,635+ Students) and Paramount High School (4,720+ Students).

Investment Overview

Downey is a city located in southeast Los Angeles County, California, 13 miles southeast of downtown Los Angeles. It is considered part of the Gateway Cities. The city is the birthplace of the Apollo space program. It is also the home of the oldest still operational McDonald’s restaurant in the world. In 2017, the City of Downey was recognized as L.A. County’s “Most Business-Friendly City” by the Los Angeles County Economic Development Corporation. Los Angeles County, officially the County of Los Angeles, is the most populous county in the United States, with more than ten million inhabitants as of 2018. It is the largest non–state-level government entity in the United States. Its population is greater than that of 41 individual U.S. states. It has the third-largest metropolitan economy in the world, with a Nominal GDP of more than $700 billion. It has 88 incorporated cities and many unincorporated areas and, at 4,083 square miles, it is larger than the combined areas of Delaware and Rhode Island. The county is home to more than one-quarter of California residents and is one of the most ethnically diverse counties in the United States. Its county seat, Los Angeles, is also California’s most populous city and the second most populous city in the United States, with about four million residents.

Exclusively Listed By

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