1019 Carson St Torrance, CA 90502-2000
- Retail space
- 3,900 SF
- 0.12 lot acres
Current Use by Public Records
- Ria Money Transfer - Los Altos Market / Money Transfer Service / Money Order Service
- Amazon Hub Locker - Eero / Mailing Service / E-Commerce Service
Property Details for 1019 Carson St
- Year built
- 1969
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.12 lot acres
- Property size
- 3,900 SF
- Zone code
- LCC3*
- Property type
- Retail space
- APN
- 7345-010-012
- APU
- 7345010012
Description
This exceptional investment opportunity presents a fee-simple, 4,000 square foot Chipotle restaurant located at 1019 W Carson St, Torrance, CA 90502. The property boasts a 15-year net lease (NNN) with a corporate guarantee from Chipotle Mexican Grill (NYSE: CMG), commencing December 12, 2024, and expiring December 12, 2039. The lease includes three five-year renewal options and a 10% rent increase every five years. The property features a strong net operating income (NOI) of $275,000, resulting in a 4.58% cap rate. Situated on a 16,000 square foot lot, this Class A property includes 15 parking spaces and benefits from its prime location directly across from UCLA Harbor Medical Center's 72-acre campus, currently undergoing a $2 billion modernization and expansion. The building, constructed and renovated in 2024, is part of a vibrant commercial area including other well-known national brands. The property's zoning is SP (West Carson Transit Oriented District (TOD) Specific Plan), and the APN is 7345-010-011
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,890,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,120,000
- 6.5%
- $5,700,000
- 7%
- $5,475,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,095,000
- Geo Method
- $6,105,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,110,000
- Retail
- $5,830,000
- Mixed-Use
- $5,675,000
- Hospitality
- $6,615,000
- Educational
- $5,535,000
- Residential Income
- $7,155,000
- Energy
- $7,090,000
- Income-Based Land
- $6,630,000
- Food Service
- $7,050,000
Location Insight
- Map
- Local Demand
- City
- Torrance
- County
- Los Angeles
- State
- California
- Longitude
- -118.293
- Latitude
- 33.8319
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
