This brand new 15 Year Absolute NNN Ground Lease Pollo Campero asset opened September 2024. The subject property is strategically placed in an extremely dense Los Angeles submarket with a population of +$760,000 in a 5-mile radius. The site is directly adjacent to Walgreens and several national retailers such as The UPS Store, Family Tires, Chevron, Supercuts, Food 4 Less, and more. This 0.64 acre lot has ample parking and a drive-thru in a strong retail corridor with excellent visibility, access, and frontage on Rosecrans Avenue. The site is less than 2 miles from Promenade at Downey and Downey Landing shopping center with 18.8MM visits combined per year, per Placer.ai. The subject property is less than 2 miles from Kaiser Permanente’s 2nd largest facility with ±5,585 employees (Kaiser Permanente Downey Medical Center) and several hotels with nearly 300 rooms combined.
The subject property is in a dominant infill location, less than 2 miles off I-105 (+230,000 VPD). The site has surrounding affluent demographics with HHI of +$95,000 in a 1 mile radius and the population is expected to increase by 2.75% in 2025. The lease offers four 5-year renewal options and 10% rent increases every 5 years.
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