For Sale
$5,995,000

1019 Carson StTorrance, CA 90502

Prime QSR, 15-Year Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, 4,000 square foot Chipotle restaurant located at 1019 W Carson St, Torrance, CA 90502. The property boasts a 15-year net lease (NNN) with a corporate guarantee from Chipotle Mexican Grill (NYSE: CMG), commencing December 12, 2024, and expiring December 12, 2039. The lease includes three five-year renewal options and a 10% rent increase every five years. The property features a strong net operating income (NOI) of $275,000, resulting in a 4.58% cap rate. Situated on a 16,000 square foot lot, this Class A property includes 15 parking spaces and benefits from its prime location directly across from UCLA Harbor Medical Center's 72-acre campus, currently undergoing a $2 billion modernization and expansion. The building, constructed and renovated in 2024, is part of a vibrant commercial area including other well-known national brands. The property's zoning is SP (West Carson Transit Oriented District (TOD) Specific Plan), and the APN is 7345-010-011

Highlights

  • Fee-simple, 4,000 SF Chipotle restaurant with corporate-guaranteed lease.
  • 15-year NNN lease commencing December 2024, including three 5-year renewal options and 10% rent increases every five years.
  • Excellent Torrance, CA location across from UCLA Harbor Medical Center's expanding campus.
  • High-visibility corner location near In-N-Out, Chick-fil-A, and Starbucks.

Property Details for 1019 Carson St

Property type
Retail properties
Square Feet
4,000 SF
Class
A
Year Built/Renovated
2024/2024
Buildings
1
Stories
1
Units
1

Location Insight

City
Torrance
County
Los Angeles
State
California
Latitude
33.8318682
Longitude
-118.2931649
1019 Carson St, Torrance, California

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1019 Carson St
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