9077 SANTA MONICA BLVD GENERATIONAL WEST TROPHY NNN RESTAURANT BUILDING FOR SALE PRIME WEST HOLLYWOOD CORRIDOR

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal DANIEL CHIPRUT STEVE SALAS only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding Senior Managing Director Senior Managing Director property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express T 310.407.6581 M 310.800.7955 T 310.407.6569 M 310.508.0660 representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special [email protected] [email protected] conditions imposed by our principal. CA RE License #01808709 CA RE License #01232955 The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice. DANIEL CHIPRUT STEVE SALAS 9077 SANTA MONICA BLVD Senior Managing Director Senior Managing Director WEST HOLLYWOOD, CA 90069 T 310.407.6581 M 310.800.7955 T 310.407.6569 M 310.508.0660 [email protected] [email protected] GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE CA RE License #01808709 CA RE License #01232955

Generational West Hollywood Trophy NNN Restaurant Building

• Trophy NNN Investment with Corporate Guarantee + $100,000 Letter of Credit • Prime West Hollywood real estate with significant appreciation aspects PROPERTY INFO • Main West Hollywood Retail Corridor 50,000 Vehicles per DAY PRICE: Unpriced • Single- Tenant Net Lease Passive Investment, Ideal for Absentee Owners SIZE: 5,083 SF • Original 10-year lease with 7 years remaining LAND AREA: 3,761 SF • Stable Income with Improving Returns with 3% Annual Rental Increases Every Year, Which Provides a Hedge Against Inflation. CURRENT NOI: $342,799 • Rare Entitlements: The Tenant has a Type 47 full liquor license, a Type 58 Caterer’s license, a dance permit, and an entertainment permit. Obtaining these permits is difficult and possessing them represents a significant barrier to entry for potential competing INCREASES: 3% Annual Increases restaurant or nightclub operators. YEAR BUILT: 1980/2016 Remodel NNN: Absolute NNN Landlord Responsible for Building Structure and Foundation Only DANIEL CHIPRUT STEVE SALAS 9077 SANTA MONICA BLVD Senior Managing Director Senior Managing Director WEST HOLLYWOOD, CA 90069 T 310.407.6581 M 310.800.7955 T 310.407.6569 M 310.508.0660 [email protected] [email protected] GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE CA RE License #01808709 CA RE License #01232955

RENT ROLL/FINANCIAL ANALYSIS

Tenant Size Current Rent Current Rent PSF Increases Market Lease Type Lease Expiration SBE RG 5,083 SF $28,567 $5.79 3.0% NNN 6/1/2024 Total Monthly 5,083 SF $29,424.01 Total Annually $353,088.12

Approximate Expenses Taxes $114,125 Insurance $5,000 Total $119,125 Reimbursed $119,125

NNN:

Lease whereby Lessee shall pay operating costs associated with the Property, including real property taxes, property insurance, all util- ities servicing the Property, and building and roof maintenance (provided, however, that Buyer, as landlord, shall remain responsible for the foundation and structure of the building). DANIEL CHIPRUT STEVE SALAS 9077 SANTA MONICA BLVD Senior Managing Director Senior Managing Director WEST HOLLYWOOD, CA 90069 T 310.407.6581 M 310.800.7955 T 310.407.6569 M 310.508.0660 [email protected] [email protected] GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE CA RE License #01808709 CA RE License #01232955

ABOUT THE TENANT

SBE is a leading lifestyle hospitality company that develops, manages and operates award-winning hotels, restaurants and night clubs. Through exclusive partnerships with cultural visionaries, SBE is dedicated to delivering the best in service, design, culinary programming, and entertainment.

The company is founded on the core belief that hospitality is about not only enjoying impeccable service and luxurious amenities, but also having meaningful cultural experiences and meeting like-minded people in environments that match your personal style. The SBE collection invites you to stay, dine and play your way from coast to coast and around the world.

Already a proven leader in the hospitality and real estate industries, SBE has more than 100 properties currently operating or in development, and has expanded several of its flagship brands including SLS Hotels, Katsuya, The Bazaar by José Andrés, Hyde Lounge and The Redbury, nationally and internationally. The company will debut a new slates of hotel & residence properties in 2016, including the recently announced Hyde Hotel & Residences and SLS Lux Hotel & Residences. Founded in 2002 by chairman and CEO Sam Nazarian, SBE is a privately held company.

Inspired by traditional, iconic, Angeleno Beauty, Doheny Room is a stylish neighborhood bar and lounge with an eclectic menu of multicultural shared plates, decedent desserts and classic craft cocktails. Its interior conjures an elegant la charm with abundant native greenery, a fresh palette and floor-to-ceiling windows. The room’s refined ambiance, makes it a popular destination for after-work dinner parties and private receptions. DANIEL CHIPRUT STEVE SALAS 9077 SANTA MONICA BLVD Senior Managing Director Senior Managing Director WEST HOLLYWOOD, CA 90069 T 310.407.6581 M 310.800.7955 T 310.407.6569 M 310.508.0660 [email protected] [email protected] GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE CA RE License #01808709 CA RE License #01232955

AREA OVERVIEW

West Hollywood is located in the eastern portion of the West area. The city is bounded by the community of Hollywood to the north, east, and south; and the city of Beverly Hills to the west. West Hollywood is approximately five miles west of . Similar to the West Los Angeles area overall, West Holly- wood benefits from its relative proximity to the pacific ocean. West LA overall is well diversified in terms of its residential, retail, office and industrial development.

West Hollywood has similarly desirable demographics, with an average household in- come of $88,193. The area is boosted significantly by local and international tourism. West Hollywood is home to legendary attractions like the Comedy Store, Viper Room and the . West Hollywood boasts a culture unlike any other, entertaining the world and leading the way in social progress.

West Hollywood (“WEHO”) is at the cultural and geographical heart of the Los Angeles region, surrounded by must-see hotspots in every direction. If you want to experience Los Angeles, booking a hotel in walkable West Hollywood will give you convenient access to everything—and situate you in one of the metropo- lis’ hottest neighborhoods. Go west to the beaches, north to the Hollywood Bowl and the Hollywood Walk of Fame, south to the Los Angeles County Museum of art and the La Brea Tar Pits on Museum Row, or east to downtown’s Disney Concert Hall and LA Live. In the mood for a hike? Travel a few miles east to Run- yon Canyon, nestled into the famous Hollywood Hills. No matter if you walk, bike, drive or take public transit, WEHO is the perfect jumping-off point to see la’s hottest at-tractions. After a day of adventures, come back to West Hollywood’s thriving restaurant and nightlife scene—and go wherever the night takes you!

Today, West Hollywood is a top travel destination among the entertainment industry and LGBT global community. West Hollywood’s stylish hotels attract the well-traveled with their dedication to providing premium service and personalized experiences. The scene is densely packed into 1.9 Walkable square miles, including a vast culinary landscape, the sunset strip’s notorious nightlife, Pacific Design Center (PDC) and designer flagships lining the West Hollywood design district, celebrity hot spots, global annual events, premier spas and fitness, entertainment and much more. DANIEL CHIPRUT STEVE SALAS 9077 SANTA MONICA BLVD Senior Managing Director Senior Managing Director WEST HOLLYWOOD, CA 90069 T 310.407.6581 M 310.800.7955 T 310.407.6569 M 310.508.0660 [email protected] [email protected] GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE CA RE License #01808709 CA RE License #01232955

LAX MARINA DEL REY REGIONAL MAP VENICE 90 405 PLAYA VISTA 10 SANTA MONICA 405 CULVER CITY 405 10 WESTWOOD 405 UCLA 10 PICO-ROBERTSON

10 BEVERLY HILLS

MIRACLE MILE MID-WILSHIRE WEST HOLLYWOOD 9077 SANTA MONICA BLVD

HOLLYWOOD DANIEL CHIPRUT STEVE SALAS 9077 SANTA MONICA BLVD Senior Managing Director Senior Managing Director WEST HOLLYWOOD, CA 90069 T 310.407.6581 M 310.800.7955 T 310.407.6569 M 310.508.0660 [email protected] [email protected] GENERATIONAL WEST HOLLYWOOD TROPHY NNN INVESTMENT FOR SALE CA RE License #01808709 CA RE License #01232955

Dining HILLDALE AVE AMENITIES MAP 1 Café Amici Beverly Hills 2727 Petrossian Paris 2 Doheny Room 2828 Il Piccolino 9077 SANTA MONICA BLVD 3 Dan Tana's 2929 Coffee Bean & Tea Leaf 22 5 4 Flavor of India 3030 Madeo Restaurant 3 21 5 Au Fudge Retail/Grocery 2 DR HUNTLEY 6 Craig's 18 1 Bristol Farms 20 7 Verve Coffee - West Hollywood 19 2 Ralphs 2 KEITH AVE 17 SANTA MONICA BLVD 8 Gracias Madre N DOHENY DR 1

3 Pavillions WILLEY LN 9 Cecconi's 3 23 4 Petco 15 10 SUR Restaurant & Lounge 16 N

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C 13 Hedley's 1 Chase Bank E N LA PEER DR N 14 Brazilian Bossa Nova Cuisine 2 Bank of America T 14 4 E 26 3 13 B VE 15 Hamburger Haven US Bank LVD E A 3 OS ELR 16 The Abbey 3 2 M Other Services 25 11 17 Starbucks 24 1 Hotel Beverly Terrace 10 18 Guisados 8 12 2 United States Postal Service 7 19 Saint Felix MELROSE AVE

N ALMONT DR 3 Troubador 5 6 20 Café D' Etoile 4 9 1 21 Rage 1 22 Fiesta Cantina

23 Red | Seven West Hollywood 2 N ROBERTSON BLVD 24 Zingué N S A 25 Catch LA N The Charles Company has unveiled a world-class project at the Melrose Triangle, V SANTA MONICA BLVD IC 26 Le Pain Quotidien - Melrose one of West Hollywood’s prominent gateways to the City. The new Melrose Triangle E N project will reinvigorate West Hollywood’s Western Gateway. Neighborhood-serving T E

restaurants, cafes, art galleries, and boutiques will enhance the uniquely West B L Hollywood experience of this new and exciting gathering place for our community. 28 V D

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