23820 Avalon BlvdCarson, CA 90745

Property Details for 23820 Avalon Blvd

Year built

1983

Construction

TILT-UP CONCRETE

Lot size

1.26 AC

Property size (Sq ft)

17,401 SF

Zone code

CACG*

Property type

Retail space

APN

7315-003-055

APU

7315003055

Description

This exceptional net lease investment opportunity presents two premier tenants, Starbucks and Quick Quack Car Wash, situated on a 1.43-acre lot (approximately 62,358 square feet) at 23820 Avalon Blvd, Carson, CA 90745, within the densely populated Los Angeles MSA. The property boasts a combined Net Operating Income (NOI) of $660,000 in year one, with significant future growth potential. Both tenants are credit-rated, providing strong financial stability. The lease structure is a triple-net (NNN) lease, minimizing landlord responsibilities. Quick Quack Car Wash operates under a 20-year absolute NNN ground lease with a commencement date of January 31, 2024, and rent commencing July 25, 2024. Starbucks operates under a NNN fee simple lease (landlord responsible for roof and structure), with a 10-year lease term from the rent commencement date (projected Q4 2024). Both leases include rent increases of 10% every five years, along with multiple five-year renewal options. The asking price for this 100% occupied retail property is $12,568,490, representing a compelling 5.25% cap rate. This presents a rare opportunity to acquire a high-performing, long-term, passive income-generating asset in a prime Los Angeles location. The property's strategic location and strong tenant mix ensure a stable and appreciating investment.

• CAP approach

  CAP return

  Valuation

  6%

  $6,329,819

  6.5%

  $5,842,910

  7%

  $5,425,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,987,439

  Geo Method

  $13,987,439

• Alternative Use

  Use

  Valuation

  Residential

  $4,928,713

  Hospitality

  $4,514,674

  Educational

  $3,756,156

  Medical

  $3,885,336

  Retail

  $5,842,910

Location Insight

City

Carson

County

Los Angeles

State

California

Latitude

33.8088

Longitude

-118.264

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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