9510 S Vermont Ave
Los Angeles CA 90044
Family Dollar | NNN | Essential Business
New Construction Essential Business in Key South LA Location
Sitting in such close proximity to the highly attractive, rapidly developing Inglewood area, the building is well positioned to capture the upside growth from the brand new SoFi Stadium ($2.6B) that is under construction approximately 2.5 miles away. The SoFi Stadium will be the future home of the Los Angeles Rams and Chargers as well as the host of Super Bowl LVI and the 2028 Olympics. Furthermore, the growth momentum of the neighborhood where the property is located, is facilitated by the official South Los Angeles Community Plan that has outlined steps to foster the revitalization of properties along the commercial corridors throughout the Community Plan Area. Additionally, the Pointe on Vermont, a proposed 50-unit apartment project on 7600 South Vermont Ave, is further revitalizing the area.
9510 South Vermont is a rare opportunity, to obtain a 13,500 SF building that sits on .59 acres lot, with a credit tenant with a 10-year NNN lease that is a grocery store (in a neighborhood where there are no other groceries stores in 1.7 drive miles), offering stable cash flow and strong NOI. Furthermore, this Family Dollar store is over 50% larger than the typical store (8,320 SF), and is one of the largest in Southern California, making it a superior asset among its category. In addition to the attractive development area, the building is close to schools, churches, and restaurants. The property offers great accessibility, being both positioned close to the 110, and 105 Freeways as well as close proximity to LAX, the Los Angeles Coliseum, Banc of California Stadium, downtown LA, and major boulevards, all conveniently reachable via bus transportation. Additionally, the property offers great upside from a roof antenna lease with Crown Castle that will pay 50% of the monthly recurring rent from future agreements with those wireless tenants or from Existing Wireless Tenants that expand outside the current lease.
Dense demographics include over 55,000 people residing within a 1-mile radius and approximately 400,000 people residing within a 3-mile radius, generating, traffic volume of 32,000+ daily cars. This is a rare opportunity to obtain a stable stream of cash flow asset located in a spectacular developing area.
Building Size: 13,500 SF
Lot Size: 25,540 SF (0.59 ACRES)
Number of Units: 1
Year Built: 1984/2020
Parking: 16 Striped On Grade
Approximately 270' of Frontage on Vermont Avenue
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