NNN SYNFAST OIL CHANGE TRUSTEE SALE

Transcription

1 NNN SYNFAST OIL CHANGE TRUSTEE SALE 3603 Rosemead Boulevard Rosemead, CA No Court Approval Required C O R E Y I. S P O U N D Lic # [E] corey@tamarackres.com [P] (818) [A] Ventura Boulevard, Suite 200 Sherman Oaks, CA 91403

2 Rosemead Blvd (20,600 VPD) EXTREMELY DENSE INFILL LOCATION ACROSS THE STREET FROM A MAJOR TARGET, BED BATH & BEYOND, ROSS, PETSMART, & ULTA ANCHORED SHOPPING CENTER SUBJECT PROPERTY

3 MAJOR STREET FRONTAGE AND NWC OF ROSEMEAD AND 10 FREEWAY ONRAMP ROSEMEAD PLACE SITUATED AT A SIGNALIZED HARD CORNER ADJACENT TO THE ON/OFF RAMP OF THE I-10 FREEWAY

4 INVESTMENT SUMMARY PURCHASE PRICE CAP $2,000, % 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 term 3.0% 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

5 INVESTMENT HIGHLIGHTS 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-10 Situated 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 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 Sale No court confirmation required.

6 ABOUT THE TENANT SynFast Oil Change centers offer a full array of preventive services to help keep your car running at peak performance. We want to be your comprehensive preventive maintenance partner. If you drive with frequent short trips and frequent stops, we usually recommend an oil change and maintenance check every 3 months or 3,000 miles, whichever comes first, depending on your manufacturer s recommendations. A fullservice oil change from your SynFast Oil Change center includes up to 5 quarts of Castrol Oil, a new Premium oil filter, and vehicle lubrication of chassis components according to manufacturer s specifications. Some vehicles do not require chassis lubrication. At the same time, we also perform a complete 25 point preventive maintenance check. SynFast Oil Change Services ROUTINE MAINTENANCE 30k / 60k / 90k Mile Service Radiator/Coolant Service Power Steering Service Differential Services Serpentine Belts MECHANICAL REPAIR Brake Inspection & Service Alternators & Starters Water Pumps Fuel Pumps CV Axles Transmission Service Cabin Air Filters CONVENTIONAL & SYNTHETIC OIL CHANGES Full Service Oil Change COMFORT Air Conditioning System Recharge SAFETY Interstate Battery Service Tire Rotation Wiper Blades Headlights & Lightbulbs PERFORMANCE Engine Air Filter Fuel Filter Fuel Injection Services Check Engine Light Diagnostic Engine Tune-ups

7 3603 Rosemead Boulevard Rosemead, CA Sepulveda Boulevard Manhattan Beach, CA Colima Road Hacienda Heights, CA E. Thousand Oaks Boulevard Thousand Oaks, CA N. Glendale Avenue Glendale, CA S. Western Avenue Rancho Palos Verdes, CA S. El Camino Real Encinitas, CA East H Street Chula Vista, CA East H Street Chula Vista, CA Highway 111 Palm Desert, CA Columbus Street Bakersfield, CA N. Chester Avenue Bakersfield, CA W. Florida Avenue Hemet, CA Sycamore Avenue Vista, CA Mesquite Avenue Havasu City, AZ Navajo Road San Diego, CA Grand Avenue San Diego, CA W. Point Loma Boulevard San Diego, CA Garnet Avenue San Diego, CA Mira Mesa Boulevard San Diego, CA Mira Mesa Boulevard San Diego, CA Gaines Street San Diego, CA Bernado Center Drive San Diego, CA Balboa Avenue San Diego, CA Miramar Road San Diego, CA N. 2 nd Street El Cajon, CA Jamacha Road El Cajon, CA Mission Avenue Escondido, CA E. Valley Parkway Escondido, CA N. Broadway Escondido, CA SynFast Oil Change 30 Locations

8 NNN SynFast Oil Change 3603 Rosemead Boulevard Rosemead, CA - 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 % Annual increases (3.0% in options) - Corporate location

9 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

10 C O R E Y I. S P O U N D Lic # [E] corey@tamarackres.com [P] (818) [A] Ventura Boulevard, Suite 200 Sherman Oaks, CA 91403

11 C O R E Y I. S P O U N D Lic # [E] corey@tamarackres.com [P] (818) [A] Ventura Boulevard, Suite 200 Sherman Oaks, CA 91403