Retail with National Anchor Tenant in WeHo
1010 N Fairfax Ave North Fairfax Avenue
West Hollywood, CA 90046
FOR SALE
NNN Property
Property Type:
Street RetailAmount:
$6,950,000
Cap Rate:
5.00%Last Verified:
Jul 09, 2024Daily Email Blast
0 times
KW Commercial and David Yashar exclusively present 1010 Fairfax Ave in the vibrant heart of West Hollywood, California. This prime retail property offers an exceptional investment opportunity with minimal owner responsibility. The property features a 3,360 square foot retail building complemented by 3 spacious outdoor patio spaces totaling approx. 2,000 sf, all situated on a generous 9,628 square foot lot. This fully leased investment ensures a steady income stream, allowing investors to capitalize on the thriving West Hollywood market without the demands of extensive property management.
The location boasts outstanding visibility with 150 feet of frontage along Fairfax Ave and benefits from high traffic counts, with over 30,000 cars passing by daily. Convenience is a key feature, with on-site parking and plenty of street parking available, ensuring ease of access for both customers and staff. Positioned strategically between the major signalized intersections of Fairfax Ave & Santa Monica Blvd to the north and Fairfax & Melrose Ave to the south, the property offers excellent connectivity and accessibility. The neighborhood's high walkability score of 97 further enhances its appeal, promoting steady pedestrian traffic.
The surrounding community is thriving, with over 50,000 residents within a 1-mile radius and approximately 275,000 people within a 3-mile radius, ensuring a robust customer base. The property is just east of Beverly Hills and north of Fairfax High School, placing it at the crossroads of significant commercial and residential zones.
This fully leased investment features a diverse and dynamic tenant mix. Flippers, a renowned national brand aiming to provide the best pancakes in the world in LA. Their space offers indoor dining and an outdoor patio with high counters, as well as a takeout window, catering to both sit-down and on-the-go customers. Flippers has become a "goto" spot for "boozy brunches" within the West Hollywood area with its full liquor license. The property also hosts a ghost kitchen, capitalizing on the growing demand for delivery and takeout services. Additionally, Pantheon Coffee House, co-owned by Sam Davar and Amir Bayat, is known for its specialty coffee, cozy retreat ambiance, and soulful music. Pantheon hosts musical acts and offers the best products available, creating a vibrant community hub.
West Hollywood, known for its eclectic mix of retail, dining, and entertainment options, attracts both locals and tourists alike. The city’s unique blend of historic and contemporary influences makes it a prime destination for businesses seeking to capitalize on a dynamic and affluent demographic. With this fully leased investment, you can enjoy the benefits of a high-performing property with minimal management duties.