6530 Van Nuys Blvd - Auto Repair FOR SALE


Van Nuys, CA 91401
$2,760,000 USD
213-532-3268
6530 Van Nuys Blvd, Van Nuys, CA for Sale
$2,760,000 USD
Auto Repair - FOR SALE
1/5
null | 5% Cap Rate

6530 Van Nuys Blvd
Van Nuys, CA 91401


HIGHLIGHTS

  • A-rated, investment-grade tenant
  • More than 63 years of operating history at this location
  • Significantly below-market rent, providing a future opportunity to implement market rates at lease expiration
  • Excellent corner parcel along Van Nuys Blvd
  • 15% rent increases every five years
  • Densely populated trade area with 317,488 residents within a 3-mile radius

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,760,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,496 SF

ZONING

LAC2-1L-CDO

APN/PARCEL ID

2237-014-001

ASK ABOUT THIS PROPERTY

Adam TischerColliersMore Info
213-532-3268

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Adam TischerColliersMore Info
213-532-3268

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