The Dollar Tree at 5057 W. Washington Boulevard in the mid-city neighborhood of Los Angeles had a brand new, 10 year NNN lease. The building was newly constructed in 2014 with plenty of on-site parking. Dollar Tree had two, five year options as well as rental increases every five years. The property was sold for $5,200,000 at a cap rate of 5%.

Transaction Information

  • Address:  5057 Washington Boulevard, Los Angeles, CA 90016
  • Sales Price: $5,200,000
  • Product Type: Single-Tenant NNN
  • Close Date: October 14, 2015
  • Exclusively Represented: Seller
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