PRICED TO SELL | JUST REDUCED $1.2M | SUBMIT OFFER | 3% ANNUAL RENT BUMPS | "AA-" CREDIT RATING | 2023 FULL BUILDING RENOVATION Faris Lee Investments is pleased to bring to market an opportunity to acquire an irreplaceable storefront location on iconic Ventura Blvd. in Studio City, CA. The property is a single tenant net leased investment on a long term lease with investment grade tenant Cedars Sinai Medical Center (Fitch rating of “AA-“). The investment features annual 3% rental increases as well as a recent building rehab which had Cedars Sinai investing approximately $2 Million of their funds into the building. Cedars Sinai, in a partnership with Tia, provides comprehensive women’s healthcare out of this location. Tia operates 11 locations nationally and is a provider of women’s healthcare by partnering with large health care providers in select markets. Tia currently operates 6 locations in the Los Angeles area. Ventura Blvd. is regarded as one of the top storefront shopping districts in Southern California. Other retailers on Ventura Blvd. within a couple of blocks of this location include lululemon, Barnes and Noble, Urban Outfitters, Trader Joe’s, Sephora, Vuori, and Mendocino Farms. This location is a highly rated and pedestrian friendly shopping district boasting a walkability score of 93. Convenient parking in the immediate area on the street, surface lots, and garages enable tenants on Ventura Blvd. to offer an enjoyable shopping and service experience. Additionally, the property is bordered by three major freeways providing Cedars Sinai the benefit of drawing customers from an expanded trade area. Studio City is one of the most affluent areas in the Los Angeles area boasting Average Annual Household Income of $215,523 within a 1-mile radius. Studio City and neighboring city of Burbank are home to some of the largest movie production and media companies in the world including Walt Disney Company, Warner Bros., CBS, Netflix, and Universal Studios. The affluent trade area and exceptionally strong labor pool underline the uniqueness and strength of the underlying real estate of the subject property.