CLOSED ESCROW
SHOPPING COMMUNITY
4058-70 TWEEDY BOULEVARD
SOUTH GATE, CA 90280
PRICE:
PRICE/SF:
BUILDING SF:
CAP RATE:
YEAR BUILT/ REMODELED:
LOT SIZE:
$3,710,000
$393
9,451
5.88%
1985/2013
17,595
DEAL HIGHLIGHTS:
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Multiple Offers
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Sold at 99% of List Price
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66% of Income from National Tenants
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Signalized Corner Shopping Center
ASSET HIGHLIGHTS
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66 Percent of Income Generates from National Tenants
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Signalized Corner with High Traffic Counts
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Densely Populated Area
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Most Leases Include Annual Increases
THE ASSET
Hirth Group is pleased to present 4058 and 4070 Tweedy Boulevard in South Gate, California. The offering includes two buildings and is comprised of a single tenant, 2,240-square foot El Pollo Loco and a 7,211-square foot, two-story, multi-tenant retail/office building. This offering is located on the signalized corner of Tweedy Boulevard and San Miguel Avenue in the heart of South Gates’ Tweedy Mile.
This investment opportunity offers an investor long-term security and yearly upside. El Pollo Loco recently signed a new 15 year lease that runs through 2030. In addition to the recently signed lease, El Pollo Loco completely remodeled the property inside and out, and has a drive thru. 66 percent of the property’s income comes from national tenants; El Pollo Loco, Subway, and AT&T.
4058 and 4070 Tweedy Boulevard is located close to Burger King, IHOP, Dollar Tree, CVS and much more. The property is located in a densely populated area with over 900,000 residents within a five-mile radius. Tweedy Boulevard benefits from a high volume of both foot and vehicle traffic.