11
NNN S YNF AST OIL CHANGE TRUSTEE SALE 3603 Rosemead Boulevard Rosemead, CA No Court Approval Required COREY I. SPOUND Lic # 01142655 [E] [email protected] [P] (818) 464-3215 [A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

  • Upload
    others

  • View
    0

  • Download
    0

Embed Size (px)

Citation preview

Page 1: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

NNN SYNFAST OIL CHANGE TRUSTEE SALE3603 Rosemead Boulevard Rosemead, CA No Court Approval Required

C O R E Y I . S P O U N D Lic # 01142655[E] [email protected][P] (818) 464-3215[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

Page 2: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

Ro

sem

ead

Blv

d (

20

,60

0 V

PD

)

SUBJECT PROPERTY

EXTREMELY DENSE INFILL LOCATION ACROSS THE STREET FROM A MAJOR TARGET, BED

BATH & BEYOND, ROSS, PETSMART, & ULTA ANCHORED SHOPPING CENTER

Page 3: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

SITUATED AT A SIGNALIZED HARD CORNER ADJACENT TO

THE ON/OFF RAMP OF THE I-10 FREEWAY

ROSEMEAD PLACE

MAJOR STREET FRONTAGE AND VISIBILITY @ NWC OF

ROSEMEAD AND 10 FREEWAY ONRAMP

Page 4: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

PURCHASE PRICE | CAP$2,000,000 | 4.61%

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 term3.0% 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

INVESTMENT SUMMARY

Page 5: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

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-10Situated 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

INVESTMENT HIGHLIGHTS

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 SaleNo court confirmation required.

Page 6: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

SynFast Oil Change®Services

ROUTINE MAINTENANCE30k / 60k / 90k Mile ServiceRadiator/Coolant ServicePower Steering ServiceDifferential ServicesSerpentine Belts

MECHANICAL REPAIRBrake Inspection & ServiceAlternators & StartersWater PumpsFuel PumpsCV AxlesTransmission ServiceCabin Air Filters

CONVENTIONAL & SYNTHETIC OIL CHANGESFull Service Oil Change

COMFORTAir Conditioning System Recharge

SAFETYInterstate Battery® ServiceTire RotationWiper BladesHeadlights & Lightbulbs

PERFORMANCEEngine Air FilterFuel FilterFuel Injection ServicesCheck Engine Light DiagnosticEngine Tune-ups

ABOUT THE TENANT

SynFast Oil Change® centers offer a full array of preventiveservices to help keep your car running at peak performance.We want to be your comprehensive preventive maintenancepartner. If you drive with frequent short trips and frequentstops, we usually recommend an oil change and maintenancecheck every 3 months or 3,000 miles, whichever comes first,depending on your manufacturer’s recommendations . A full-service oil change from your SynFast Oil Change® centerincludes up to 5 quarts of Castrol Oil, a new Premium oil filter,and vehicle lubrication of chassis components according tomanufacturer’s specifications. Some vehicles do not requirechassis lubrication. At the same time, we also perform acomplete 25 point preventive maintenance check.

Page 7: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

• 3603 Rosemead Boulevard | Rosemead, CA 91770• 1405 Sepulveda Boulevard | Manhattan Beach, CA 90266• 17175 Colima Road | Hacienda Heights, CA 91745• 2378 E. Thousand Oaks Boulevard | Thousand Oaks, CA 91362• 525 N. Glendale Avenue | Glendale, CA 91026• 29519 S. Western Avenue | Rancho Palos Verdes, CA 90732• 127 S. El Camino Real | Encinitas, CA 92024• 1556 East H Street | Chula Vista, CA 91913• 899 East H Street | Chula Vista, CA 91910• 74180 Highway 111 | Palm Desert, CA 92260• 1407 Columbus Street | Bakersfield, CA 93308• 2821 N. Chester Avenue | Bakersfield, CA 93308• 3615 W. Florida Avenue | Hemet, CA 92545• 243 Sycamore Avenue | Vista, CA 92083• 1699 Mesquite Avenue | Havasu City, AZ 86403

• 8675 Navajo Road | San Diego, CA 92119• 1905 Grand Avenue | San Diego, CA 92109• 4805 W. Point Loma Boulevard | San Diego, CA 92107• 2002 Garnet Avenue | San Diego, CA 92109• 8336 Mira Mesa Boulevard | San Diego, CA 92126• 9470 Mira Mesa Boulevard | San Diego, CA 92126• 3760 Gaines Street | San Diego, CA 92110• 16410 Bernado Center Drive | San Diego, CA 92128• 6395 Balboa Avenue | San Diego, CA 92111• 6914 Miramar Road | San Diego, CA 92121• 610 N. 2nd Street | El Cajon, CA 91921• 2926 Jamacha Road | El Cajon, CA 92019• 645 Mission Avenue | Escondido, CA 92025• 2109 E. Valley Parkway | Escondido, CA 92027• 649 N. Broadway | Escondido, CA 92025

SynFast Oil Change30 Locations

Page 8: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

- 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

- 2.50% Annual increases (3.0% in options)

- Corporate location

NNN SynFast Oil Change3603 Rosemead Boulevard Rosemead, CA

Page 9: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

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

Page 10: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

C O R E Y I . S P O U N D Lic # 01142655[E] [email protected][P] (818) 464-3215[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

Page 11: NNN SYNFAST OIL CHANGE TRUSTEE SALE · 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 # 01142655

C O R E Y I . S P O U N D Lic # 01142655[E] [email protected][P] (818) 464-3215[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403