9077 SANTA MONICA BLVD GENERATIONAL WEST HOLLYWOOD TROPHY NNN RESTAURANT BUILDING FOR SALE PRIME WEST HOLLYWOOD CORRIDOR Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal. Newmark Knight Frank \ 1875 Century Park East, Suite 1380 \ Los Angeles, CA 90067 \ Corporate CA RE Lic. #01355491 ngkf.com DANIEL CHIPRUT EXECUTIVE VICE PRESIDENT 310.800.7955 [email protected]CA RE Lic. #01808709 STEVEN SALAS SENIOR MANAGING DIRECTOR 310.407.6569 [email protected]CA RE Lic. #01232955
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9077 SANTA MONICA BLVDGENERATIONAL WEST HOLLYWOOD TROPHY NNN RESTAURANT BUILDING FOR SALEPRIME WEST HOLLYWOOD CORRIDOR
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
Newmark Knight Frank \ 1875 Century Park East, Suite 1380 \ Los Angeles, CA 90067 \ Corporate CA RE Lic. #01355491 ngkf.com
DANIEL CHIPRUTEXECUTIVE VICE PRESIDENT310.800.7955 [email protected] CA RE Lic. #01808709
STEVEN SALASSENIOR MANAGING DIRECTOR310.407.6569 [email protected] CA RE Lic. #01232955
Generational West Hollywood Trophy NNN Restaurant Building
9077 SANTA MONICA BLVDWEST HOLLYWOOD, CA 90069GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE
PRICE: Call for Details
SIZE: 5,083 SF
LAND AREA: 3,761 SF
CURRENT NOI: $374,585.88
INCREASES: 3% Annual Increases
YEAR BUILT: 1980/2016 Remodel
NNN: Absolute NNN Landlord Responsible for Building
Structure and Foundation Only
• Trophy NNN Investment with Corporate Guarantee + $100,000 Letter of Credit• Prime West Hollywood real estate with significant appreciation aspects• Main West Hollywood Retail Corridor 50,000 Vehicles per DAY• Single- Tenant Net Lease Passive Investment, Ideal for Absentee Owners• Original 10-year lease with ±5 years remaining• Stable Income with Improving Returns with 3% Annual Rental Increases Every Year, Which Provides a Hedge Against Inflation.• Rare Entitlements: The Tenant has a Type 47 full liquor license, a Type 58 Caterer’s license, a dance permit, and an entertainment
permit. Obtaining these permits is difficult and possessing them represents a significant barrier to entry for potential competing restaurant or nightclub operators.
PROPERTY INFO
DANIEL CHIPRUTEXECUTIVE VICE PRESIDENTCOMMERCIAL ASSET GROUP310.800.7955 | [email protected] CA RE Lic. #01808709
STEVEN SALASSENIOR MANAGING DIRECTORNEWMARK KNIGHT FRANK310.407.6569 | [email protected] CA RE Lic. #01232955
RENT ROLL/FINANCIAL ANALYSIS
Tenant Size Current Rent Current Rent PSF Increases Market Lease Type Lease ExpirationSBE RG 5,083 SF $31,215.49 $6.14 3.0% NNN 6/1/2024Total Monthly 5,083 SF $31,215.49Total Annually $374,585.88
Approximate Current ExpensesTaxes $114,125Insurance $5,000Total $119,125Reimbursed $119,125
NNN:
Lease whereby Lessee shall pay operating costs associated with the Property, including real property taxes, property insurance, all util-ities servicing the Property, and building and roof maintenance (provided, however, that Buyer, as landlord, shall remain responsible for the foundation and structure of the building).
9077 SANTA MONICA BLVDWEST HOLLYWOOD, CA 90069GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE
DANIEL CHIPRUTEXECUTIVE VICE PRESIDENTCOMMERCIAL ASSET GROUP310.800.7955 | [email protected] CA RE Lic. #01808709
STEVEN SALASSENIOR MANAGING DIRECTORNEWMARK KNIGHT FRANK310.407.6569 | [email protected] CA RE Lic. #01232955
ABOUT THE TENANTSBE is a leading lifestyle hospitality company that develops, manages and operates award-winning hotels, restaurants and night clubs. Through exclusive partnerships with cultural visionaries, SBE is dedicated to delivering the best in service, design, culinary programming, and entertainment.
The company is founded on the core belief that hospitality is about not only enjoying impeccable service and luxurious amenities, but also having meaningful cultural experiences and meeting like-minded people in environments that match your personal style. The SBE collection invites you to stay, dine and play your way from coast to coast and around the world.
Already a proven leader in the hospitality and real estate industries, SBE has more than 100 properties currently operating or in development, and has expanded several of its flagship brands including SLS Hotels, Katsuya, The Bazaar by José Andrés, Hyde Lounge and The Redbury, nationally and internationally. The company will debut a new slates of hotel & residence properties in 2016, including the recently announced Hyde Hotel & Residences and SLS Lux Hotel & Residences. Founded in 2002 by chairman and CEO Sam Nazarian, SBE is a privately held company.
Inspired by traditional, iconic, Angeleno Beauty, Doheny Room is a stylish neighborhood bar and lounge with an eclectic menu of multicultural shared plates, decedent desserts and classic craft cocktails. Its interior conjures an elegant la charm with abundant native greenery, a fresh palette and floor-to-ceiling windows. The room’s refined ambiance, makes it a popular destination for after-work dinner parties and private receptions.
9077 SANTA MONICA BLVDWEST HOLLYWOOD, CA 90069GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE
DANIEL CHIPRUTEXECUTIVE VICE PRESIDENTCOMMERCIAL ASSET GROUP310.800.7955 | [email protected] CA RE Lic. #01808709
STEVEN SALASSENIOR MANAGING DIRECTORNEWMARK KNIGHT FRANK310.407.6569 | [email protected] CA RE Lic. #01232955
AREA OVERVIEWWest Hollywood is located in the eastern portion of the West Los Angeles area. The city is bounded by the community of Hollywood to the north, east, and south; and the city of Beverly Hills to the west. West Hollywood is approximately five miles west of downtown Los Angeles. Similar to the West Los Angeles area overall, West Holly-wood benefits from its relative proximity to the pacific ocean. West LA overall is well diversified in terms of its residential, retail, office and industrial development.
West Hollywood has similarly desirable demographics, with an average household in-come of $88,193. The area is boosted significantly by local and international tourism. West Hollywood is home to legendary attractions like the Comedy Store, Viper Room and the Sunset Strip. West Hollywood boasts a culture unlike any other, entertaining the world and leading the way in social progress.
West Hollywood (“WEHO”) is at the cultural and geographical heart of the Los Angeles region, surrounded by must-see hotspots in every direction. If you want to experience Los Angeles, booking a hotel in walkable West Hollywood will give you convenient access to everything—and situate you in one of the metropo-lis’ hottest neighborhoods. Go west to the beaches, north to the Hollywood Bowl and the Hollywood Walk of Fame, south to the Los Angeles County Museum of art and the La Brea Tar Pits on Museum Row, or east to downtown’s Disney Concert Hall and LA Live. In the mood for a hike? Travel a few miles east to Run-yon Canyon, nestled into the famous Hollywood Hills. No matter if you walk, bike, drive or take public transit, WEHO is the perfect jumping-off point to see la’s hottest at-tractions. After a day of adventures, come back to West Hollywood’s thriving restaurant and nightlife scene—and go wherever the night takes you!
Today, West Hollywood is a top travel destination among the entertainment industry and LGBT global community. West Hollywood’s stylish hotels attract the well-traveled with their dedication to providing premium service and personalized experiences. The scene is densely packed into 1.9 Walkable square miles, including a vast culinary landscape, the sunset strip’s notorious nightlife, Pacific Design Center (PDC) and designer flagships lining the West Hollywood design district, celebrity hot spots, global annual events, premier spas and fitness, entertainment and much more.
9077 SANTA MONICA BLVDWEST HOLLYWOOD, CA 90069GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE
DANIEL CHIPRUTEXECUTIVE VICE PRESIDENTCOMMERCIAL ASSET GROUP310.800.7955 | [email protected] CA RE Lic. #01808709
STEVEN SALASSENIOR MANAGING DIRECTORNEWMARK KNIGHT FRANK310.407.6569 | [email protected] CA RE Lic. #01232955
REGIONAL MAPMARINA DEL REY
CENTURY CITY
SANTA MONICA
BEVERLY HILLS
WESTWOODUCLA
CULVER CITY
VENICE
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9077 SANTA MONICA BLVD
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MIRACLE MILEMID-WILSHIRE
PICO-ROBERTSON
405 10
LAX
HOLLYWOOD
WEST HOLLYWOOD
9077 SANTA MONICA BLVDWEST HOLLYWOOD, CA 90069GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE
DANIEL CHIPRUTEXECUTIVE VICE PRESIDENTCOMMERCIAL ASSET GROUP310.800.7955 | [email protected] CA RE Lic. #01808709
STEVEN SALASSENIOR MANAGING DIRECTORNEWMARK KNIGHT FRANK310.407.6569 | [email protected] CA RE Lic. #01232955
Dining1 Café Amici Beverly Hills
2 Doheny Room
3 Dan Tana's
4 Flavor of India
5 Au Fudge
6 Craig's
7 Verve Coffee - West Hollywood
8 Gracias Madre
9 Cecconi's
10 SUR Restaurant & Lounge
11 Tortilla Republic
12 Le Relais De I'Entrecôte
13 Hedley's
14 Brazilian Bossa Nova Cuisine
15 Hamburger Haven
16 The Abbey
17 Starbucks
18 Guisados
19 Saint Felix
20 Café D' Etoile
21 Rage
22 Fiesta Cantina
23 Red | Seven West Hollywood
24 Zingué
25 Catch LA
26 Le Pain Quotidien - Melrose
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27 Petrossian Paris
28 Il Piccolino
29 Coffee Bean & Tea Leaf
30 Madeo Restaurant
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Other Services1 Hotel Beverly Terrace
2 United States Postal Service
3 Troubador
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Retail/Grocery1 Bristol Farms
2 Ralphs
3 Pavillions
Petco
American Apparel
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Banking1 Chase Bank
Bank of America
US Bank
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9077 SANTA MONICA BLVDWEST HOLLYWOOD, CA 90069GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE
DANIEL CHIPRUTEXECUTIVE VICE PRESIDENTCOMMERCIAL ASSET GROUP310.800.7955 | [email protected] CA RE Lic. #01808709
STEVEN SALASSENIOR MANAGING DIRECTORNEWMARK KNIGHT FRANK310.407.6569 | [email protected] CA RE Lic. #01232955
The Charles Company has unveiled a world-class project at the Melrose Triangle, one of West Hollywood’s prominent gateways to the City. The new Melrose Triangle project will reinvigorate West Hollywood’s Western Gateway. Neighborhood-serving restaurants, cafes, art galleries, and boutiques will enhance the uniquely West Hollywood experience of this new and exciting gathering place for our community.