1019 W Carson St - Flex FOR SALE


Torrance, CA 90502
$5,995,000 USD
213-268-1515
1019 W Carson St, Torrance, CA for Sale
$5,995,000 USD
Flex - FOR SALE
1/6
null | 4.59% Cap Rate

1019 W Carson St
Torrance, CA 90502


HIGHLIGHTS

  • Coveted Investment grade, single tenant Chipotle Mexican Grill Corporate guaranteed lease
  • 15-Year NNN Lease (Commencement/Store Opening: Dec 2024)
  • Excellent LA County location directly across from UCLA Medical Center’s 72-acre campus that is undergoing a $2BN expansion and modernization with new
  • Signalized hard corner at the main hospital entrance alongside In-N-Out, Chick-fil-A and Starbucks.

OVERVIEW

The Sher Group is pleased to present this single tenant, NNN Chipotle Mexican Grill in Torrance, California (Los Angeles County). The property is located directly across from UCLA Hospital’s 72-acre campus that is currently undergoing a $2BN modernization and expansion. This prime location sits on the major thoroughfare through the South Bay (on Carson Street) at the hospital’s main entrance alongside In-N-Out Burger, Chick-fil-a, Smart & Final, Jack-In-The Box and Starbucks. The site benefits from excellent visibility, site access, signage, dedicated parking, heavy traffic, a hard signalized corner and a dense mix of residential and commercial activity alongside UCLA Medical Center’s 2,000 employees, patients and visitors. This rare Los Angeles County offering boasts a rare 15-Year Primary Term lease from an excellent corporate credit tenant (NYSE: CMG) showing their long-term commitment to the site. The brand new build-out and store opening is set for December 2024. Founded in 1993, Chipotle is the premier Mexican food QSR with over 3,500 fast casual restaurants specializing in bowls, tacos and burritos made to order.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$1,499 USD /SF

CAP RATE

4.59%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle - UCLA Harbor Medical Center

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.37

LAND SF

16,117

ZONING

MU1

APN/PARCEL ID

7345-010-011,7345-010-012

ASK ABOUT THIS PROPERTY

Chris HuddlestonThe Sher GroupMore Info
213-268-1515

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Chris HuddlestonThe Sher GroupMore Info
213-268-1515

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.