240 N Virgil Ave OFF MARKET
Los Angeles, CA 90004 Koreatown OFF MARKET

240 N Virgil Avenue sits at the crossroads between Virgil Village, Silver Lake, East Hollywood, and a stones throw from Melrose Hill and historic Filipinotown with easy access to the 101 freeway at Silver Lake Blvd. ½ block away and is next door in the same center to the highly acclaimed Daybird Chicken from top chef winner Mei Lin.

  * This restaurant enjoys an endcap corner location in Silver Lake Plaza at the intersection where SilverLake Blvd., Virgil Ave., Beverly Blvd., and W. Temple St. all converge. In addition to its excellent visibility, the restaurant comes with rights to a large prominent Pylon Sign panel at the intersection with high traffic volume (both foot and automotive) that passes by daily providing excellent branding opportunities for a growing business.

 * This restaurant currently rents for $5,733.13/mo.  with 4.5% Annual Increases + NNN @ $1,798.00/mo.
CURRENT LEASE TERM: 	Expires May 14, 2025
OPTIONS:  2 X 3 Year Options @ 4.5% annually
SIZE: 2,326 Sq. Ft. approx. w/ loading door

 * Immediately behind the shopping center at the 235 N. Hoover (former Temple hospital) The Silva comprised of five-story’s featuring 221 studio, one-, two-, and three-bedroom apartments above parking for 384 vehicles is nearing completion and occupancy approx Q1 2024.