1640 W Martin Luther King Jr Blvd Los Angeles, CA 90062

The Super Star Car Wash is located along West Martin Luther King Jr. Boulevard, a major east–west thoroughfare serving South Los Angeles with approximately 42,900 vehicles per day, and is in close proximity to Interstate 110, which carries approximately 265,500 vehicles per day. West Martin Luther King Jr. Boulevard is a primary retail and commuter corridor providing direct access to Downtown Los Angeles and the greater Los Angeles basin. The property is positioned within a dense infill retail environment surrounded by national and credit tenants including Target, Ralphs, Smart & Final, Ross Dress for Less, CVS Pharmacy, Walgreens, and Goodwill. The asset is located near several dominant retail nodes and neighborhood shopping centers that further enhance consumer traffic to the site. In addition, the property is in close proximity to major institutional and employment drivers including University of Southern California (USC), Exposition Park, BMO Stadium, and California Hospital Medical Center. The property is situated within the center of a primary urban retail corridor with additional nearby national and regional tenants, grocery stores, service-oriented retailers, and restaurants that support strong daily traffic volumes and consistent cross-shopping to the site. The 5-mile trade area is supported by a population of over 1.25 million residents with an average household income of approximately $96,000. The tenant, Super Star Car Wash recently signed a brand new 20-year sale-leaseback with 2 (5-year) and 1 (4 Year, 11 Month) option to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. The property size is 6,947 square feet.