10944 South Street, Cerritos, CA 90703 presents an exceptional single-tenant leased NNN investment opportunity with minimal landlord responsibility. The property spans an impressive 1.96 acres of prime land, ideally located within the renowned Cerritos Auto Square, the world's largest auto mall. This strategic location is home to a single tenant, Mitsubishi Motors-New Sales/Parts/Service Center, offering a secure and stable income stream. The subject property offers a rare and highly sought-after opportunity for investors seeking long-term stability with minimal oversight. Mitsubishi Motors, an established and trusted brand in the automotive industry, occupies the space under a NNN lease. The tenant has full responsibility for all property maintenance outside of maintaining the roof and foundation which are the landlord's responsibilities. The tenant is also fully responsible for payment of property insurance and property taxes, with NO TENANT PROP 13 PROTECTION - meaning, the increase in property taxes after the sale will be a continued responsibility of the tenant.
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Listing Snapshot
Price
$8,500,000
Days On Site
162 Days
Bedrooms
N/A
Inside Area (SqFt)
16,116 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.958 Acres
Year Built
1975
MLS® Number
25495297
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
5 months ago
Listing first seen on site
General Features
Acres
1.958
Number Of Stories
1
Parking Spaces
160
Special Circumstances
Standard
SqFt Total
16116
Zoning
CEADP5
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Community Features
MLS Area
RD - Cerritos South of 91 Frwy, W of Norwalk
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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