Colliers is pleased to present the opportunity to acquire 6530 Van Nuys Blvd, a well-located NN-leased retail asset in the heart of Van Nuys, California. The property is leased to Firestone, a longstanding operator that has successfully operated at this location for more than 63 years, demonstrating exceptional tenancy stability and site commitment. The tenant has 19 months remaining on the current lease term, with two (2) five-year options to extend, offering potential tenancy through 2037. The lease includes 15% rent increases every five years, providing consistent income growth throughout the option periods.
Under the NN lease structure, the landlord is responsible only for the roof and structure, while the tenant covers all remaining operating expenses directly, resulting in minimal landlord responsibilities and predictable cash flow.
The property is supported by strong local demographics, with more than 50,000 residents within a one-mile radius and an average household income exceeding $100,000. This dense, affluent trade area enhances long-term viability for retail operations and underpins the assets’ investment stability.
This offering presents investors with an opportunity to acquire a historically proven, low-management retail asset in a supply constrained Los Angeles submarket with below-market rents that could allow the potential purchaser upside in the future.