Investment Highlights
Rare Highland Park Stabilized Neighborhood Strip Center
100% Occupancy With NNN Leases
Benefits From Exceptional Visibility and Frontage
Diverse Tenant Mix Anchored by Wingstop
Current CAP 5.93% +/- / Year 1 Bumps CAP 6.05% +/-
Corner Lot With Excellent Signage
Executive Summary
Jared Levine of JML Real Estate Group / KW Commercial, the exclusive listing agent, is pleased to present the opportunity to acquire York Plaza in the highly coveted Los Angeles neighborhood of Highland Park.? This offering includes a 100% occupied retail strip center built in 1989 with a foot print of approximately 7,481 SF, sitting on a 15,059 SF lot with 157' (+/-) of frontage on Figueroa. York Plaza offers an investor the rare opportunity to acquire a stabilized retail strip center with a diverse NNN tenant mix anchored by Wingstop in the highly sought after Highland Park neighborhood. The property has been professional managed and has seen improvements such as a new roof, nearly all AC units have been replaced, exterior paint, landscaping, and sealed parking lot. This well-located retail strip center offers an investor a very special opportunity to secure an asset with strong metrics, NNN leases, and 100% occupancy in the high demand and growth submarket of Highland Park. ?Nestled northeast of Downtown L.A., Highland Park has transformed swiftly from working-class businesses to trendy hotspots, yet retains its status as one of the city's oldest and most eclectic neighborhoods. Home to notable figures like Marc Maron and Billie Eilish, Highland Park boasts beloved restaurants and cultural spots, offering a unique vibe. Located just up the 110 from Downtown, south of Eagle Rock and Pasadena, Highland Park features tree-lined streets with a walkable urban culture. Notable areas include York Boulevard with its trendy gastropubs and art galleries, and Figueroa Street, now a hub for nightlife and conveniently located near a Metro Gold Line stop. The neighborhood seamlessly blends contemporary landmarks with older ones, showcasing its status as one of L.A.'s hippest areas. From a swanky steampunk-esque bowling alley to off-the-beaten-path museums and sidewalk taco stands, Highland Park offers a diverse experience. Highland Park neighbors hilly areas like Mt. Washington and Montecito Heights, and shares similar vibes with Eagle Rock along Eagle Rock and Colorado Boulevards. To the northeast, it seamlessly blends into South Pasadena and Pasadena proper.
