507 S Spring, Los Angeles, CA 90013

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Property 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.


Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 507 S Spring
City Los Angeles
State CA
Zip 90013
County Los Angeles
Listing Agent Bao Han DRE #01932060
Courtesy Of Urban Realty Group
List Price $1/month
Status Active
Type Commercial Lease
Subtype Retail
Structure Size N/A
Lot Size 19,408

Listing information courtesy of: Bao Han, Urban Realty Group. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.