NNN Leased Shoe
2324 E Cesar E Chavez Ave Los Angeles, CA 90033
2324 E Cesar E Chavez Ave, Los Angeles, CA, 90033
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For Sale
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Pending
Fee simple retail investment is NNN leased to Shoe Palace with over five years remaining and extension options.
Days on Market103
Property Features for 2324 E Cesar E Chavez Ave
General Information
- Standard status
- Pending
- Property subtype
- Retail
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 Updated: Jul 22 at 12:15PM Checked: Jul 22 at 12:15PM
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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
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
