NNN SYNFAST OIL CHANGE TRUSTEE SALE · NNN SYNFAST OIL CHANGE TRUSTEE SALE 3603 Rosemead Boulevard...
Transcript of NNN SYNFAST OIL CHANGE TRUSTEE SALE · NNN SYNFAST OIL CHANGE TRUSTEE SALE 3603 Rosemead Boulevard...
NNN SYNFAST OIL CHANGE TRUSTEE SALE3603 Rosemead Boulevard Rosemead, CA No Court Approval Required
C O R E Y I . S P O U N D Lic # 01142655[E] [email protected][P] (818) 464-3215[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403
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SUBJECT PROPERTY
EXTREMELY DENSE INFILL LOCATION ACROSS THE STREET FROM A MAJOR TARGET, BED
BATH & BEYOND, ROSS, PETSMART, & ULTA ANCHORED SHOPPING CENTER
SITUATED AT A SIGNALIZED HARD CORNER ADJACENT TO
THE ON/OFF RAMP OF THE I-10 FREEWAY
ROSEMEAD PLACE
MAJOR STREET FRONTAGE AND VISIBILITY @ NWC OF
ROSEMEAD AND 10 FREEWAY ONRAMP
PURCHASE PRICE | CAP$2,000,000 | 4.61%
ANNUAL NOI (YEAR 1)$92,250/year
TERM REMAINING
3.5 years initial (Exp. 10/31/2021)(3) five-year options
RENTAL INCREASES
2.5% annual in primary term3.0% annual in option periods
LEASE TYPE
NNN
LOT SIZE
8,710 SF / 0.2 acres
PROPERTY ADDRESS
3603 Rosemead Boulevard Rosemead, CA
YEAR BUILT
1983
TENANT |GUARANTOR
SynFast Corporate + PG
INVESTMENT SUMMARY
NO MAINTENANCE ABSOLUTE NNN LEASE
The lease is structured as a NNN lease providing the landlord with no maintenance responsibilities.
DENSE INFILL, HARD CORNER LOCATION
The property is located in a dense infill neighborhood of the Los Angeles MSA. There are approximately 55,000 people within a 3 mile radius. The property is 13 miles from downtown Los Angeles.
ADJACENT TO MAJOR RETAIL
The property sits across from the entrance to a major regional shopping center anchored by Target, Bed Bath & Beyond, Ross, PetSmart & Ulta.
SITUATED AT ON/OFF RAMP TO I-10Situated at the intersection of Rosemead Blvd. and the on/offramps to I-10, the major east/west Freeway in the Los Angeles metro. This provides tremendous access and visibility for the tenant.
HIGH BARRIER TO ENTRY MARKET
INVESTMENT HIGHLIGHTS
ATTRACTIVE ANNUAL RENTAL INCREASES
The lease has contractual rental increases of 2.5% for the remainder of the primary term. In the option periods the rental increases are set at 3.0% with a FMV reset in the second option.
CORPORATE LEASE
The tenant, SynFast Oil Change, is the corporate entity for 30 location in Southern California.
Trustee SaleNo court confirmation required.
SynFast Oil Change®Services
ROUTINE MAINTENANCE30k / 60k / 90k Mile ServiceRadiator/Coolant ServicePower Steering ServiceDifferential ServicesSerpentine Belts
MECHANICAL REPAIRBrake Inspection & ServiceAlternators & StartersWater PumpsFuel PumpsCV AxlesTransmission ServiceCabin Air Filters
CONVENTIONAL & SYNTHETIC OIL CHANGESFull Service Oil Change
COMFORTAir Conditioning System Recharge
SAFETYInterstate Battery® ServiceTire RotationWiper BladesHeadlights & Lightbulbs
PERFORMANCEEngine Air FilterFuel FilterFuel Injection ServicesCheck Engine Light DiagnosticEngine Tune-ups
ABOUT THE TENANT
SynFast Oil Change® centers offer a full array of preventiveservices to help keep your car running at peak performance.We want to be your comprehensive preventive maintenancepartner. If you drive with frequent short trips and frequentstops, we usually recommend an oil change and maintenancecheck every 3 months or 3,000 miles, whichever comes first,depending on your manufacturer’s recommendations . A full-service oil change from your SynFast Oil Change® centerincludes up to 5 quarts of Castrol Oil, a new Premium oil filter,and vehicle lubrication of chassis components according tomanufacturer’s specifications. Some vehicles do not requirechassis lubrication. At the same time, we also perform acomplete 25 point preventive maintenance check.
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SynFast Oil Change30 Locations
- Core location in a dense infill retail trade area
- 5-year initial term + three 5-year options
- Located right off I-10 at a signalized hard corner
- 2.50% Annual increases (3.0% in options)
- Corporate location
NNN SynFast Oil Change3603 Rosemead Boulevard Rosemead, CA
Property Highlights
• Excellent trade opportunity & Hands-free NNN lease• 2,250 SF on 8,710 SF of land• Excellent visibility and access from Rosemead Boulevard and 10 Freeway
(206K cars per day) – Location, location, location• Located at corner of signalized intersection of Rosemead Boulevard and
Glendon Way• Across from Rosemead Place (Target, Bed, Bath & Beyond, LA Fitness,
Starbucks, Chipotle, The Habit)• Population over 600,000 within a 5 mile radius
C O R E Y I . S P O U N D Lic # 01142655[E] [email protected][P] (818) 464-3215[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403
C O R E Y I . S P O U N D Lic # 01142655[E] [email protected][P] (818) 464-3215[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403