1019 Carson StTorrance, CA 90502

Property Details for 1019 Carson St

Year built

1969

Construction

TILT-UP CONCRETE

Lot size

0.12 AC

Property size (Sq ft)

3,900 SF

Zone code

LCC3*

Property type

Retail properties

Property subtype

Retail space

APN

7345-010-012

APU

7345010012

Description

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

• CAP approach

  CAP return

  Valuation

  6%

  $1,587,216

  6.5%

  $1,465,122

  7%

  $1,360,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,833,118

  Geo Method

  $2,833,118

• Alternative Use

  Use

  Valuation

  Residential

  $1,235,886

  Hospitality

  $1,132,065

  Educational

  $941,864

  Medical

  $974,257

  Retail

  $1,465,122

Location Insight

City

Torrance

County

Los Angeles

State

California

Latitude

33.8319

Longitude

-118.293

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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