NNN Property With Automotive
For Sale
Contact for pricing
Pending
1945 S Figueroa St, Los Angeles, CA 90007
The asset is leased absolutely to Kia Downtown Los Angeles under a long-term agreement.
Property SizeContact for details
Days on Market143
Property Features for 1945 S Figueroa St
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Single
Abandoned
No
Listing Agency:
CBRE - Orange County
Listed By:
James Tyrrell · License #02012964
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 1:45PM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
Located at 1945 S Figueroa St in Los Angeles, California, this commercial property is structured as an absolute NNN investment and occupied by Kia Downtown Los Angeles, operated by Trophy Automotive Dealer Group. The lease has 20 years remaining, providing a defined contractual term for the property’s automotive occupancy.
Lease economics include cost-of-living adjustments ranging from a minimum 10% to a maximum 15% every five years. The agreement also provides rent resets in 2027 and 2037, based on the greater of the applicable COLA or Fair Market Rent. Trophy Automotive Dealer Group was established in 2013 and owns five dealerships across Southern California.
Lease economics include cost-of-living adjustments ranging from a minimum 10% to a maximum 15% every five years. The agreement also provides rent resets in 2027 and 2037, based on the greater of the applicable COLA or Fair Market Rent. Trophy Automotive Dealer Group was established in 2013 and owns five dealerships across Southern California.
Key Highlights
- Absolute NNN lease structure
- Leased to Kia Downtown Los Angeles, operated by Trophy Automotive Dealer Group
- 20 years of remaining lease term
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,140
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
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 - The asset is leased absolutely to Kia Downtown Los Angeles under a long-term agreement.
Where is this nnn property located?
The property is located at 1945 S Figueroa St Los Angeles, CA.
What are key features of this property?
This property features: Absolute NNN lease structure; Leased to Kia Downtown Los Angeles, operated by Trophy Automotive Dealer Group; 20 years of remaining lease term
