Rocket

7400 La Tijera Boulevard, Los Angeles, CA 90045

$4,033,000

Cap Rate 5.00%

Views: 115 DOM: 369 Updated: 05.04.24 Posted: 09.13.23 Status: Active

Summary

Price $4,033,000	Built/Renov 1995	Tenant Rocket
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 1,753	Lease Start 07-01-2015	#Units 509
Price/SF $2,300.63	Expiration 06-30-2035	Tenant Type Convenience/Gas
NOI $201,659	R. Term 10.9	Ownership Fee Simple
Rent/SF $115.04	Increases 7.5%/2/yrs	Pop 5Mi 729,190
Lot/AC 0.27	Options 3/5yrs/7.5%	AHHI 5Mi $125,779

Lease Highlights

Tenant has 11+ years remaining on its current term with 3 (5-year) options to extend
Lease features 7.5% rent increase every 5 years during current term & start of options
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by United Pacific (500+ units backed)

Location Description

The property is strategically located along La Tijera Boulevard (44,800 VPD), at the signalized intersection of West 74th St (6,600 VPD). The site benefits from nearby direct on/off ramp access to Interstate 405, a primary thoroughfare serving 314,000 vehicles per day. The asset has excellent visibility via significant street frontage and a large pylon sign, and has multiple points of...

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Key Features

Signalized intersection
High traffic 50M+ VPD
Freeway close
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Rocket (United Pacific) Wikipedia Los Angeles, California Zip Code 90045 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Rocket
Guarantor:Corporate
Company:United Pacific
# Units:509
Stock:Private

About Tenant

United Pacific is one of the largest independent owners, operators and suppliers of gas stations and convenience stores in the Western United States. The company operates its retail and wholesale...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	33,391	226,296	732,341
2023 Total Population :	33,714	225,756	729,190
2023 Employed Civilian Pop :	18,830	115,171	373,189
2023 Total Businesses :	1,695	11,229	32,687
2023 Average Household Income :	$ 138,569	$ 131,111	$ 125,779
2023 Total Consumer Spending :	$ 1802 M	$ 9702 M	$ 30304 M
2023 Median Age :	39	38	37
2023 Total Households :	15,266	86,804	282,287
2023 Pop Age 25+: Bachelor's Degree :	9,081	42,904	137,125
2023 Average Home Value :	$ 1,067,713	$ 1,065,792	$ 1,062,393

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W 74th St	la Tijera Blvd	2009	6,401	0.02 mi
Osage Ave	W 74th St	2009	2,876	0.05 mi
W 74th St	la Tijera Blvd	2009	6,594	0.05 mi
Osage Ave	W 74th St	2009	6,019	0.05 mi
W 76th St	Kittyhawk Ave	2003	804	0.06 mi
Osage Ave	W 76th St	2008	5,782	0.09 mi
la Tijera Blvd	W 74th St	2009	44,772	0.09 mi
W 76th St	Midfield Ave	2008	1,740	0.10 mi
la Tijera Blvd	Osage Ave	2009	48,214	0.11 mi
South La Tijera Boulevard		2021	265,000	0.14 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

396 Listings
34149 Views
160 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

345 Listings
30927 Views
131 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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