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6588 Foothill Blvd 14,745 SF Retail Building Tujunga, CA 91042 $16,161,889 CAD ($1,096.09 CAD/SF) 4.75% Cap Rate
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
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
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 14,745 SF
- -
- Triple Net
- Mar 2028
CVS Health construit un monde de santé autour de chaque consommateur. Leur portée inégalée leur permet d'offrir des soins de santé abordables et de haute qualité au moment et de la manière dont les individus le souhaitent. Ils ont pour mission d'offrir des expériences supérieures et plus connectées, de réduire le coût des soins et d'améliorer la santé et le bien-être des personnes qu'ils servent. En tant que chef de file dans le domaine des solutions de santé, elle offre de multiples canaux d'accès aux soins de santé à l'échelle locale et nationale. Leur forte présence communautaire, leur approche avant-garDISTE et leur engagement inégalé auprès de millions de personnes leur permettent de fournir des soins de santé de haute qualité, personnalisés et abordables. Guidé par son objectif, CVS Health® construit un monde entier de soins de santé autour de chaque personne qu'elle sert, peu importe où elle se trouve dans son parcours. Ils écoutent, font preuve d'empathie et offrent des solutions novatrices qui répondent aux besoins uniques des gens et gagnent leur fidélité. Parce que la façon dont ils fournissent leurs services est tout aussi importante que ce qu'ils fournissent.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 14,745 SF | - | Triple Net | Mar 2028 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 2564-012-039 | Improvements Assessment | $4,903,093 CAD |
| Land Assessment | $11,233,670 CAD | Total Assessment | $16,136,763 CAD |
Property Taxes
Contacts
-
Artak Dovlatyan -
Albert Karchikian -
Vartan Tashchyan -
Sioneh Keshishi -
Specialized Realty, Inc.
Presented by
6588 Foothill Blvd
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