For sale CARL'S JR Los Angeles

$8,250,000

One of the most recognizable corners on the Westside offered @ only $330 PSF . 2306 - 2326 La Cienega Blvd. presents a Developer or Investor an irreplaceable generational acquisition opportunity. This trophy property consists of +/- 25,100 SQ FT of land positioned at the signalized intersection of La Cienega Blvd and David Avenue with direct access to the Interstate 10 Freeway Angeles. Traffic counts exceed 80,000 cars per day and the site clears 250 feet of frontage on highly traveled La Cienega Blvd.(over 83% of the Block) . With the right to build up to 62 Ft in height a new development has the potential to gain freeway visibility an added exposure to more than 500,000 vehicles per day .

Currently occupied by Carl's Jr./Green Burrito and Clear Channel Outdoor.
Carl's Jr. is in its 17th year of the initial 20 year NNN Ground Lease with two 5 year options remaining at Fair Market Value adjustments each.
Clear Channel Outdoor is currently paying rents of $20,000 annually on a digital billboard, which is temporarily being used as a traditional billboard. Rents are scheduled to increase to $70,000 annually upon resolution of the digital billboard proceedings with the City of LA.