16455 Victory Blvd - Service Station FOR SALE


Van Nuys, CA 91406
$4,173,913 USD
703-477-1315
16455 Victory Blvd, Van Nuys, CA for Sale
$4,173,913 USD
Service Station - FOR SALE
1/9
null | 5.75% Cap Rate

16455 Victory Blvd
Van Nuys, CA 91406


HIGHLIGHTS

  • Absolute NNN Lease with Increases
  • High Barriers to Entry
  • Long-Term Operating History
  • Intrinsic Underlying Value
  • Los Angeles MSA Advantage

OVERVIEW

CBRE is pleased to offer for sale the 200-square-foot United Pacific gas station and convenience store positioned on 0.30 acres in Van Nuys, California — part of the Los Angeles MSA (MSA Population: 13M+). The site is subject to a ±8.7-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the three, 5-year renewal options. Business is not for sale

FOR SALE DETAILS

PRICE

$4,173,913 USD

PRICE/SF

$1,237 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific: Van Nuys, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

2231-005-023

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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

Thomas CarrCBREMore Info
703-477-1315

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