Shoe Palace

2324 East Cesar E. Chavez Ave, Los Angeles, CA
Deal Type:
Net Lease
Price:
$2,606,252
Cap Rate:
6.75%
Current Rent:
$175,912
Lease Type:
Triple Net
Landlord Responsibilities:
Roof, Structure, Exterior Utility Lines, & Fire Sprinklers
Renewal Options:
2, 5-year options
Building Sq. Ft.:
4,496 SF
Rent Increases:
4% Annually
Site Size:
0.13 Acres

Investment Highlights

  • COMMITMENT: New 5-Year extension showing strong commitment to the location and 4% annual rental escalations, providing a strong hedge against inflation
  • LOCATION: Located near the corner of Cesar E Chavez Ave and N Soto St which has over 48,000 VPD and adjacent to Interstate 5 and 10, providing immediate access to nearly 250,000 VPD
  • CREDIT: Lease guaranteed by Shoe Palace Corporate, a wholly owned subsidiary of JD Sports, a $7b revenue company
  • DEMOGRAPHICS: Property is located in dense infill location with over 1,000,000 residences in a 5-Mile Radius

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541
phil@stream-cp.com

Connor Shell

Managing Director
407 913 9009
connor@stream-cp.com

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