Retail Grocery/supermarket Store In Leimert Park For Sale

Description

Retail space for lease in Leimert Park, Los Angeles.

The space was previously used as a liquor market.

Property

• Size: approximately 5,450 sq ft
• On-site parking
• Near Baldwin Hills Crenshaw Mall
• Retail storefront

Permitted Use

According to the property owner and ABC information provided, the new tenant must change the use from a liquor store.

• Grocery store
• Supermarket
• Other retail use without off-sale beer, wine or liquor

The space can be redesigned by the new tenant for the approved retail use.

Previous Sales

• Previous liquor store sales: more than $1,000,000 stated

This figure relates to the former tenant and does not represent expected sales for a new business.

Rent

• First-year monthly rent: $8,500
• Annual increase: 3%
• Lease: 5 years plus one 5-year option stated

Move-In Costs

• First month rent: $8,500
• Security deposit: $17,000
• Total initial amount: $25,500

Tenant Requirements

• Proof of funds required
• Short business bio or business plan required before showings or detailed discussions

Other Details

• Location: Leimert Park, Los Angeles
• Transaction type: lease
• Exact address: not provided