Marcus & Millichap is pleased to exclusively offer for sale 11150-11160 Burbank Boulevard, North Hollywood, California, a fully stabilized NNN retail asset occupied by two long-tenured tenants that have operated at the Property since 2002 and 2013. With approximately 24 years of weighted average tenant tenure and a 13.7-year WALT, the Property provides exceptional income security, limited rollover exposure, and built-in rental growth through contractual annual rent increases. The asset is offered at $1,645,000 and delivers an attractive 6.73% year-one CAP Rate with growth to 6.97% in year-two.
Seven Day Mini Mart and Tacos Manzano have established deep roots within the surrounding community and continue to benefit from a loyal customer base and strong local demand. Seven Day Mini Mart is committed through October 2043 with fixed 3% annual rent increases, while Tacos Manzano is leased through July 2037 with annual increases equal to the greater of 4% or CPI. Together, these long-term leases provide more than a decade of remaining cash flow durability, built-in inflation protection, and limited management responsibilities, making the asset an ideal acquisition for private investors and 1031 exchange buyers seeking stable, growing income.
Strategically positioned on a prominent corner location along Burbank Boulevard, one of the San Fernando Valley’s primary east-west commercial corridors, the Property benefits from exposure to approximately 41,968 vehicles per day. The high-visibility location enhances tenant performance and reinforces the long-term stability of this historically occupied retail asset.