NNN Leased Shoe
For Sale
Contact for pricing
Pending
2324 E Cesar E Chavez Ave, Los Angeles, CA 90033
Fee simple retail investment is NNN leased to Shoe Palace with over five years remaining and extension options.
Days on Market111
Property Features for 2324 E Cesar E Chavez Ave
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
47,900 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 29 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group is pleased to offer the fee simple interest (land & building ownership) in a NNN leased, corporate-signed Shoe Palace investment property. The current tenant, Shoe Palace Corporation, has over five years remaining on the lease term, with two (5-year) options to extend. Rent increases are structured at 4% annually throughout the initial term and continuing through the option periods, providing contractual rent growth into renewal.
The property is located near a signalized, hard corner intersection at E Cesar E Chavez Ave and N Soto St, with a combined 47,900 vehicles passing by daily. E Cesar E Chavez Ave is a major retail thoroughfare serving Los Angeles. The site is also described as a few blocks from direct access to Interstate 5 & 10, and less than a mile east of U.S. Highway 101, both major commuter routes. The immediate retail area includes nearby national/credit tenants such as Walgreens, CVS Pharmacy, Superior Grocers, and Food 4 Less.
Shoe Palace is a single-tenant retail asset, positioned within an infill trade area and leased on an NNN basis with limited landlord responsibilities.
The property is located near a signalized, hard corner intersection at E Cesar E Chavez Ave and N Soto St, with a combined 47,900 vehicles passing by daily. E Cesar E Chavez Ave is a major retail thoroughfare serving Los Angeles. The site is also described as a few blocks from direct access to Interstate 5 & 10, and less than a mile east of U.S. Highway 101, both major commuter routes. The immediate retail area includes nearby national/credit tenants such as Walgreens, CVS Pharmacy, Superior Grocers, and Food 4 Less.
Shoe Palace is a single-tenant retail asset, positioned within an infill trade area and leased on an NNN basis with limited landlord responsibilities.
Key Highlights
- Fee simple ownership interest in a NNN leased retail shoe store occupied by Shoe Palace Corporation.
- Shoe Palace lease has over 5 years remaining and includes two (5‑year) extension options.
- Lease provides 4% annual rental increases throughout the initial term and into the option periods.
Property Analytics
Current Use
Lease Details
47,900 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
NNN property - Fee simple retail investment is NNN leased to Shoe Palace with over five years remaining and extension options.
Where is this nnn property located?
The property is located at 2324 E Cesar E Chavez Ave Los Angeles, CA.
What are key features of this property?
This property features: Fee simple ownership interest in a NNN leased retail shoe store occupied by Shoe Palace Corporation.; Shoe Palace lease has over 5 years remaining and includes two (5‑year) extension options.; Lease provides 4% annual rental increases throughout the initial term and into the option periods.
