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RARE NNN Investment - Mimi's Restaurant 15436 Whittier Blvd 6,660 SF Retail Building Whittier, CA 90603 $6,654,200 CAD ($999.13 CAD/SF) 5.61% Cap Rate
Investment Highlights
- NNN Investment
- Main Whittier
- Redevelopment Potential
Executive Summary
First time on the market in three generations - rare opportunity to acquire a long-standing NNN asset on main Whittier Boulevard.
Nestled in Whittwood Town Center directly benefitting from dense, stable, high-income surrounding neighborhoods, and power center anchors.
Investment Characteristics:
- Predictable rent escalations.
- Corporate-backed NNN lease.
- Low management burden. Minimal Landlord responsibilities.
- East Whittier / Friendly Hills submarket.
- Legacy piece with redevelopment potential as a single-parcel pad.
- Proven decades long performance with consistent cash flow.
- High-visibility with 42,000 VPD
Nestled in Whittwood Town Center directly benefitting from dense, stable, high-income surrounding neighborhoods, and power center anchors.
Investment Characteristics:
- Predictable rent escalations.
- Corporate-backed NNN lease.
- Low management burden. Minimal Landlord responsibilities.
- East Whittier / Friendly Hills submarket.
- Legacy piece with redevelopment potential as a single-parcel pad.
- Proven decades long performance with consistent cash flow.
- High-visibility with 42,000 VPD
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,660 SF
Building Class
B
Year Built
1984
Price
$6,654,200 CAD
Price Per SF
$999.13 CAD
Cap Rate
5.61%
NOI
$373,449 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.51 AC
Zoning
Commercial - Commercial - Whittwood Town Center Specific Plan [SP]
Parking
30 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Conferencing Facility
- Corner Lot
- Courtyard
- Fenced Lot
- Mezzanine
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Skylights
- Tenant Controlled HVAC
- Kiosk/Cart Space
- Drive Thru
- Wheelchair Accessible
- Roof Terrace
- Storage Space
- PATH
- Monument Signage
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
- On-Site Security Staff
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8230-028-047 | Improvements Assessment | $4,294,698 CAD |
| Land Assessment | $1,314,696 CAD | Total Assessment | $5,609,394 CAD |
Property Taxes
Parcel Number
8230-028-047
Land Assessment
$1,314,696 CAD
Improvements Assessment
$4,294,698 CAD
Total Assessment
$5,609,394 CAD
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RARE NNN Investment - Mimi's Restaurant | 15436 Whittier Blvd
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