17 · AVON Property — The First Premier Listing
515 Shatto Place, Koreatown, Los Angeles — an 18,100 sq ft commercial office building 100% leased to LG Household & Health Care America, Inc., the Fortune 500 parent company behind the AVON brand in North America. The property generates $715,788/year in total economic income under a true NNN lease with 3% annual rent escalations, with approximately 4 years remaining on the firm term and two 5-year extension options — 14 years of total potential tenancy.
Property Overview
Address
515 Shatto Place, Koreatown, Los Angeles, CA 90020
Building Area
18,100 sq ft GLA on 19,530 sq ft / 0.4483 acre lot
Listing Price / Raise Target
$11,000,000 (1,100,000 NFTs at $10 each)
Effective Cap Rate
6.51%
Base Rent
$57,912/month ($694,944/year)
Tenant Management Fee (Para. 57)
$1,737/month — paid by tenant
Total Economic Income
$59,649/month ($715,788/year)
Annual Escalations
3% per year — automatic, built into lease
Occupancy
100% leased
Tenant
LG Household & Health Care America, Inc. (Fortune 500, $6B+ global revenue)
Lease Type
True NNN — tenant pays ALL taxes, insurance, maintenance
Lease Expiration
February 28, 2030 (~4 years firm)
Extension Options
Two (2) x 5-year options at 95% Fair Market Rent
Total Potential Tenancy
14 years (if both options exercised)
Tenant Improvements
$2,000,000 invested by tenant — deep occupancy commitment
Holdover Protection
125% of then-current rent
Property Structure
Wyoming DAO LLC — NFT holders are recorded LLC members
Why This Property
Fortune 500 NNN tenant — LG H&H is a $6B+ global corporation. AVON is their North American HQ.
True NNN — zero landlord expense, ever.
Tenant pays 3% management fee on top of base rent — pure income, no overhead.
3% annual escalations — income grows automatically, every year, no renegotiation.
$2M in tenant improvements — they are not leaving.
6.51% effective cap rate — above market for Fortune 500 NNN infill in Koreatown.
$PROP rewards on top of 6.51% yield — no comparable NNN product in existence offers this.
Platform-independent income — LG H&H's obligation to pay $715,788/year depends on a signed NNN lease, not blockchain infrastructure.
One investment. Two income streams. A real Fortune 500-tenanted building in Los Angeles. On-chain, transparent, and liquid.
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