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United Pacific: Van Nuys, CA 16455 Victory Blvd 3,374 SF Retail Building Van Nuys, CA 91406 $5,753,029 CAD ($1,705.11 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Increases
- Long-Term Operating History
- Los Angeles MSA Advantage
- High Barriers to Entry
- Intrinsic Underlying Value
EXECUTIVE SUMMARY
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
Business is not for sale
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,374 SF
Building Class
C
Year Built
1996
Price
$5,753,029 CAD
Price Per SF
$1,705.11 CAD
Cap Rate
5.75%
NOI
$330,799 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.30 AC
Parking
1 Spaces (0.3 Spaces per 1,000 SF Leased)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2231-005-023 | Improvements Assessment | $452,220 CAD |
| Land Assessment | $4,124,256 CAD | Total Assessment | $4,576,476 CAD |
PROPERTY TAXES
Parcel Number
2231-005-023
Land Assessment
$4,124,256 CAD
Improvements Assessment
$452,220 CAD
Total Assessment
$4,576,476 CAD
CONTACTS
-
Thomas Carr -
Ty Grenier -
Christopher Bosworth -
Brian Pfohl -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE
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United Pacific: Van Nuys, CA | 16455 Victory Blvd
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