11150-11160 Burbank Blvd - Freestanding FOR SALE


North Hollywood, CA 91601
$1,645,000 USD
818-212-2776
11150-11160 Burbank Blvd, North Hollywood, CA for Sale
$1,645,000 USD
Freestanding - FOR SALE
1/7
null | 6.73% Cap Rate

11150-11160 Burbank Blvd
North Hollywood, CA 91601


HIGHLIGHTS

  • Fully leased to two established tenants.
  • Passive NNN lease structure.
  • Attractive 6.73% Year 1 CAP Rate.
  • Contractual annual rent increases.
  • Long-term tenancy.
  • Approximate 13.7-year WALT.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,645,000 USD

PRICE/SF

$495 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,767 SF

ZONING

LAC2

APN/PARCEL ID

2350-005-002

ASK ABOUT THIS PROPERTY

Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

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Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.