Kidder Mathews been retained as the Exclusive Broker for a Single-Tenant Leased Investment and a permit-ready (RTI) Retail Pad opportunity. This corner is adjacent to 110 Freeway on and off ramp a tremendous intersection, with traffic counts exceeding 92,000 vehicles per day. The signalized corner of Manchester Avenue and Figueroa Street is one the busiest in South Los Angeles. The parcel size is 22,323 square feet of land and benefits from an adjacent 20 foot alley to the west the parcel, for easy ingress/egress. Tam's Burger is a Regional Credit Tenant, it features a drive-thru 1,915 square foot restaurant building. This credit worthy tenant has been in business over 50 years and has personally guaranteed the NNN lease, absorbing 40% of all operating expenses and the new property taxed assessed value upon the new building's completion and the sale of the real estate. The brand-new project which is being delivered to Buyer "permit ready" (RTI) will feature Tam's Burger as the anchored Tenant, with 7 years remaining and 1, 5 year option @ market rents and a brand-new 3,600sf building upon completion. This building will be replacing the fire damage property which used to a single-tenant coin laundry. The new building with feature up to 4 units with the smaller interior units +/- 750sf and the end-cap units +/-1,050sf. An Owner User buyer could acquire the real estate and financing the Type III-B construction, up to 90% with SBA financing as long as they occupy a least 51% or more to the total rentable square footage (3 of 4 new units = 2,812 SF Owner-user). The site is situated in a State Enterprise Zone designation reducing the parking requirements allowing for medical, dental, and restaurant uses (plus all retail uses) for the new building given its parking ratio of 4.35 per 1,000sf (far exceeding the requirements under that State Enterprise Zone).