4
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$1
0.45 Acres Lot
Active
507 S Spring Los Angeles, CA 90013
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UPDATED:
12/05/2024 02:19 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Rent
MLS Listing ID AR24162680
HOA Y/N No
Lot Size 0.445 Acres
Property Description
Presently an upscale tea beverage shop in super convenient location of DTLA. The new concept tea shop has been known as Cha Redefine and generated significant followers for high quality tea beverage in greater LA area. This is not a franchise opportunity so buyer can use different trade name other than the present trade name. The space was completely renovated in early 2021 to bring the highest quality craft and design to a beverage shop, and the complete built out is over 160k plus over 40k equipment included in the asking price. The existing lease is structured as NNN of $395/month and base rent of $4120/month with 3% increase annually, the last two months are rent free. Current lease will be expired on October 2025 with the option to extend additional 60 months (to 2031). This is truly a singular exceptional business opportunity for any beverage entrepreneurs/investors looking to expand their business in downtown LA.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Inclusions all equipment, leasehold improvement
Fireplace No
Building
Lot Description Near Public Transit, Street Level
Story 1
Water Public
Listed by Bao Han • Urban Realty Group • 408-505-5828