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RARE NNN Investment - Mimi's Restaurant 15436 Whittier Blvd 6,660 SF Retail Building Whittier, CA 90603 $6,868,330 CAD ($1,031.28 CAD/SF) 5.61% Cap Rate
Investment Highlights
- NNN Investment in Shopping Center with Target, Vons, CVS and many others as anchor tenants.
- Main Whittier Blvd. Whittwood Mall.
- Redevelopment Potential - Constant Foot Traffic, highly sought after location.
Executive Summary
Nestled in Whittwood Town Center directly benefitting from dense, stable, high-income surrounding neighborhoods, and power center anchors.
ANCHOR TENANTS: VONS, TARGET, CVS, BUFFALO WILD WINGS, CHIPOTLE, WINGSTOP, OLD NAVY, PET SMART, JC PENNY.
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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Mimi's is a French-inspired neighborhood bistro, with a history of providing high-quality food and beverages served with ‘Legendary Hospitality’ based upon the philosophy that their guests are highest priority. With locations across the US, Mimi’s provides a break from the ordinary where guests can experience a ‘Taste of France’ within a warm, comfortable and welcoming environment. Founded in 1978, Mimi’s is a neighborhood bistro offering fresh, hand-prepared comfort food and bistro classics for brunch all day, lunch, dinner and celebrations. Mimi’s brings classic favorites to everyday celebrations across the country. We’re famous for our bakery items, including muffins and croissants baked daily. Mimi’s fosters a work environment where diversity is valued, quality of life is enhanced, individual career aspirations are fulfilled and Mimi’s continued success is celebrated by all.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 8230-028-047 | Improvements Assessment | $4,433,627 CAD |
| Land Assessment | $1,357,225 CAD | Total Assessment | $5,790,853 CAD |
Property Taxes
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RARE NNN Investment - Mimi's Restaurant | 15436 Whittier Blvd
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