NNN Retail Building For
For Sale
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2319 Randolph St, Huntington Park, CA 90255
NNN retail building with long-term Circle K lease.
Property Size5,452 SF
Price / SF$431.95
Days on Market915
Property Features for 2319 Randolph St
General Information
Standard status
Active
Size
5,452 SF
Property subtype
Retail
Zoning
HPM2
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1932
Tenancy
Multi
Listing Agency:
Colliers - Los Angeles - Downtown, California
(213) 627-1214
Listed By:
Juan Najera · License #CA 02156321
Source:
Crexi
Added: Feb 6, 2024
Changed: Aug 8
Last Checked: May 12 at 8:40PM
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 Colliers - Los Angeles - Downtown, California
Investment Insights
Based on property information with market context.
Located at 2319 Randolph Street in Huntington Park, this NNN retail building presents a notable investment opportunity. The property benefits from its location on a signalized hard corner, ensuring high visibility. The daily traffic volume is approximately 43,285 vehicles. The anchor tenant, Circle K, provides a steady income stream with a long-term lease in place and 3% annual increases. The property size is 5,452 square feet.
Key Highlights
- NNN (Triple Net Lease) investment opportunity offering a hands‑off investment approach.
- Anchor tenant is Circle K, providing a predictable and steady income stream.
- Long term lease in place with 3% annual increases.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,239
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,584,780
$2.6M
Cap Rate 7%
$1,846,271
$1.8M
Cap Rate 9%
$1,435,989
$1.4M
Market Conditions
NOI Build-Up for 5,452 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$184.5K $33.84/SF
− Vacancy
−$12.2K −$2.23/SF
EGI
$172.3K $31.61/SF
− OpEx
−$43.1K −$7.90/SF
NOI
$129.2K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,584,780
Cap Rate 7%
$1,846,271
Cap Rate 9%
$1,435,989
Alternative Uses
Best Use
Specialty Retail
$1.85M
$1.62M – $2.15M
NOI $129,239 @ 7.0% cap · market cap 5.49%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,623 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$2.92M
$2.55M – $3.41M
NOI $204,329 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90255, CA
71,157
Population
19,265
Households
3.7
Avg Household Size
34
Median Age
9%
College-Educated
53%
High-School Grad
3.7 sq mi
ZIP Area
19,232
Density / Sq Mi
$61,376
Median Household Income
$31,695
Median Earnings
$1,443
Median Rent
$562,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN retail building with long-term Circle K lease.
Where is this grocery and convenience store located?
The property is located at 2319 Randolph St Huntington Park, CA.
What is the asking price?
The asking price for this property is $2,355,000.
What are key features of this property?
This property features: NNN (Triple Net Lease) investment opportunity offering a hands‑off investment approach.; Anchor tenant is Circle K, providing a predictable and steady income stream.; Long term lease in place with 3% annual increases.
