700-738 W Compton Blvd

Investment Highlights

60k cars/day at this corner Just behind this center is a large, tract of over 300+ attractive homes

Executive Summary

Opportunistic Buyers wanted...FIRST TIME ON MARKET IN OVER 40 YEARS.17 storefronts, almost 25K rentable square feet, on a massive, two-parcel, footprint of approximately 80K sq. feet! Due to long-term, lax, one-family ownership and management, there is immediate meat on the bone for a savvy Buyer. Approximately 40% of the 25K sq. ft. or retail space is currently vacant - 7 of the 17 storefronts can command a market rent immediately. And the existing tenants are on shorter-terms leases or MTM, meaning the entire center could be 'at market' sooner rather than later.This signalized corner location is ripe for further reimaging - the NEC corner has a newer build-to-suit, credit tenant (AutoZone).Just behind this center is a large, tract of over 300+ attractive homes. Highly-accessible location, only minutes to the the 110, 105 and 91 Fwys. And the Compton Airport is only 3 blocks away.REASONS TO INVEST60K cars/day at this corner.$83K average household income.$538K median home value.Median age of 30.Projected rents of $2.25/foot NNN for the vacant storefronts.PRICED TO SELL AT A SCHEDULED 7.4% CAP RATE.10% CAP ON PROFORMA RENTS . EXCLUSIVELY LISTED AT $6,499,000.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Storefront General Retail Supermarket Freestanding
• Building Size    24,503
• Building Class    C
• Year Built    1962
• Price    6,499,000
• Price Per SF    265
• Cap Rate    7.38
• NOI    479,625
• Percent Leased    70
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.32
• Land Acres    1.74 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Pylon Sign
• Signage