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6588 Foothill Blvd 14,745 SF Retail Building Tujunga, CA 91042 $15,891,957 CAD ($1,077.79 CAD/SF) 4.75% Cap Rate

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Investment Highlights

Long-term absolute NNN lease - 5% cap rate
Almost zero landlord responsibilites in the well-maintained prominent Tujunga Canyon Center
Centrally located in Tujunga on the major signalized corner of Foothill and Tujunga Canyon Blvd.

Four (4) 5-year options remain w/ 10% increases every 5 years
Anchor tenant with drive-thru pharmacy - adjacent retailers include McDonald's, Dollar Tree, IHOP, WINGSTOP
Dense surrounding population – high traffic exposure to over 33,000 cars per day surrounded by national retailers

Executive Summary

Specialized Realty proudly presents the opportunity to purchase a single tenant retail asset leased by CVS Pharmacy in the prominent Tujunga Canyon Center in the heart of Tujunga, California.
6588 Foothill Blvd. is a single-tenant, absolute NNN lease with a corporate guaranty and almost zero landlord obligations in a center with well-established national tenants. The current lease has 4 years remaining (expiring March 2028) with four (4) five (5) year renewal options.
Current NOI - $551,911.92
Cap Rate – 4.75%
Increases – 10% every five years throughout the option periods starting in 2028, 2033, 2038, and 2043
Price per /SF - $788.40
CVS Pharmacy w/ drive-thru is the anchor tenant occupying 14,745 SF on a 1.65 acre parcel zoned LAC2 (APN 2564-012-039) in a center featuring several national retailers which include McDonald's, IHOP, WINGSTOP, and Dollar Tree. Nearby national and regional major retailers include In-N-Out, Public Storage, PetSmart, Chase, Chevron, 7-Eleven, Albertsons, Harbor Freight, Big 5, and Smart & Final.
The subject benefits from its location on the major thoroughfare running from Sunland to La Canada at the signalized intersection of Tujunga Canyon and Foothill Blvd. with exposure to over 33,000 vehicles per day. The asset is located within a diverse retail landscape & affluent demographic with a median household income over $92,000 within a 3-mile radius.

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,745 SF

Building Class

Year Built

2003

Price

$15,891,957 CAD

Price Per SF

$1,077.79 CAD

Cap Rate

4.75%

NOI

$754,490 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Lot Size

1.65 AC

Zoning

C2 - Commercial

Parking

45 Spaces (3.05 Spaces per 1,000 SF Leased)

Frontage

324’ on Foothill Blvd

Signage

Signalized Intersection

Drive Thru

Major Tenants

Retailer
14,745 SF
-
Triple Net
Mar 2028

CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.