14651 Ventura Blvd - Storefront FOR SALE


Sherman Oaks, CA 91403
$12,358,000 USD
480-221-4221
14651 Ventura Blvd, Sherman Oaks, CA for Sale
$12,358,000 USD
Storefront - FOR SALE
1/11
null | 5.5% Cap Rate

14651 Ventura Blvd
Sherman Oaks, CA 91403


HIGHLIGHTS

  • 8 Years Remaining | Corporate Signed (NYSE: BURL) | Nearby Major Interstates | High Barrier to Entry Market
  • NN Leased | Fee Simple Ownership | Recent CapEx Improvements | Limited Landlord Responsibilities
  • Westfield Fashion Square (868,000 SF) | Nearby National/Credit Tenants | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the generational opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporated signed (NYSE: BURL), Burlington investment property located along historic Ventura Boulevard in Sherman Oaks, California (Los Angeles County). The tenant has 8 years remaining on their lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 5% rental increase in March 2029, as well as 7.5% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. This offering represents a rare opportunity to acquire a credit single tenant, trophy asset within infill area characterized by extremely high barriers for new development.

FOR SALE DETAILS

PRICE

$12,358,000 USD

PRICE/SF

$497 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burlington | 8yrs Remain Corp NN | NYSE: BURL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C

APN/PARCEL ID

2265-005-024,2265-005-026

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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