21201 Sherman Way - Fast Food FOR SALE


Canoga Park, CA 91303
$5,250,000 USD
310-279-7009
21201 Sherman Way, Canoga Park, CA for Sale
$5,250,000 USD
Fast Food - FOR SALE
1/33
null | 5.71% Cap Rate

21201 Sherman Way
Canoga Park, CA 91303


HIGHLIGHTS

  • Absolute NNN Lease - Zero Landlord Responsibilities
  • Long-Term Stability - 20-Year Initial Term + Two 5-Year Options
  • 10% Rent Increases Every 5 Years

OVERVIEW

We are pleased to present a rare opportunity to acquire a single-tenant, absolute NNN investment leased to Carl’s Jr, one of the nation’s most recognized quick-service restaurant brands. The property, originally constructed in 1985, has been well maintained and will be secured by a brand-new 20-year lease commencing at the close of escrow. The lease structure includes two (2) five-year option periods and 10% rental increases every five years, providing investors with both long-term security and built-in income growth. As a true NNN lease, the tenant is responsible for all property expenses, allowing for stable, predictable cash flow with no landlord responsibilities. This makes the property an ideal opportunity for passive investors seeking a management-free asset, as well as those engaged in a 1031 exchange. Strategically located in Canoga Park, CA, the property benefits from strong demographics, excellent visibility, and its proximity to the rapidly growing Warner Center, one of Los Angeles’ most dynamic hubs for business, residential, and mixed-use development. With more than 450,000 residents within a five-mile radius and high daily traffic counts, this Carl’s Jr is positioned for long-term success and continued strong performance. With its combination of a new long-term lease, nationally recognized tenant, rent escalations, and prime Los Angeles location, this offering provides investors with an exceptional opportunity to acquire a secure, inflation-resistant, and truly passive investment in one of Southern California’s most stable submarkets.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$1,974 USD /SF

CAP RATE

5.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carl's Jr.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,420 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

2112-023-012

ASK ABOUT THIS PROPERTY

Sherwin SoumekhKidder MathewsMore Info
310-279-7009

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Sherwin SoumekhKidder MathewsMore Info
310-279-7009

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