507 S Spring , Los Angeles, CA 90013
Los Angeles, CA 90013
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.
Details
| Mls | AR24162680 |
|---|---|
| Listing Type | For Lease |
| Style | Retail |
| Status | Active |
| Days On Site | 100 |
| Listing Provided By | Urban Realty Group 408-505-5828 | Bao Han |
Features
| Sq Feet | 1,030 |
|---|---|
| Storys | 1 |
| Acreage | 0.45 |
Market Activity 90013
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90013 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90013) | |
Price: $1 low | high Med: $425,000 SqFt: 1,030 low | high Med: 865 $ / SqFt: $0 low | high Med: $491 On Site: 100 low | high Med: 169.500000 | |