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2307 Lincoln Blvd Santa Monica, CA 90405
2307 Lincoln Blvd
Santa Monica, CA 90405
$4,950,000.00
Property Type Retail Status For Sale Size 1647 SQ. FT

Price: $4.950,000 ($438/SF/Land)
CAP Rate: 4.37% - YR 4, 4.42% - 10 YR AVG, 5.02% - YR 10
10 Year Unlevered Return: $2,277,249 (44.22%)
Upcoming YR 4 NOI: $216,362
Escalations: 3.0% (Including Renewal)
Gross Leasable Area: ± 1,647 SF
Lot Size: ± 11,311 SF
Year Built: Remodeled 2019/2020
Lease Type: NNN (Zero Landlord Responsibility)
Rent Commencement: December, 2018
Lease Expiration: 10 Years and 3 Months
Options: 2 (60 Month) Options
Termination Right: After 3rd year with 180 days notice, 3 month termination fee plus unamoritized brokerage commissions. 

Features
  • Rapidly evolving Lincoln Boulevard with excellent intrinsic land value
  • Limited competition in the trade area, and the Enterprise in over a 1 mile radius
  • Located on busy Lincoln Boulevard with over 50,000 cars per day
  • Located within one block of Chick-fil-A, recently traded for $8,375,000.00 ($5,368.69/SF, 3.58% CAP)
  • Less than one mile from Santa Monica Pier
  • Located along main LAX artery
  • Major alternate route to 405 Freeway
  • Established national credit tenant on 10-year and 3-month NNN lease (commenced December 2018) plus Two (2) Five (5) year renewal options
  • Zero management/hassle free long-term NNN lease
  • Attractive market financing available.