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11150-11160 Burbank Blvd 3 324 pi² 100% Loué Commerce de détail Immeuble North Hollywood, CA 91601 2 278 539 $ CAD (685,48 $ CAD/pi²) 6,73% Taux de capitalisation
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Faits saillants de l'investissement
- Fully leased to two established tenants.
- Attractive 6.73% Year 1 CAP Rate.
- Long-term tenancy.
- Passive NNN lease structure.
- Contractual annual rent increases.
- Approximate 13.7-year WALT.
Résumé de l'annonce
Marcus & Millichap is pleased to exclusively offer for sale 11150-11160 Burbank Boulevard, North Hollywood, California, a fully stabilized NNN retail asset occupied by two long-tenured tenants that have operated at the Property since 2002 and 2013. With approximately 24 years of weighted average tenant tenure and a 13.7-year WALT, the Property provides exceptional income security, limited rollover exposure, and built-in rental growth through contractual annual rent increases. The asset is offered at $1,645,000 and delivers an attractive 6.73% year-one CAP Rate with growth to 6.97% in year-two.
Seven Day Mini Mart and Tacos Manzano have established deep roots within the surrounding community and continue to benefit from a loyal customer base and strong local demand. Seven Day Mini Mart is committed through October 2043 with fixed 3% annual rent increases, while Tacos Manzano is leased through July 2037 with annual increases equal to the greater of 4% or CPI. Together, these long-term leases provide more than a decade of remaining cash flow durability, built-in inflation protection, and limited management responsibilities, making the asset an ideal acquisition for private investors and 1031 exchange buyers seeking stable, growing income.
Strategically positioned on a prominent corner location along Burbank Boulevard, one of the San Fernando Valley’s primary east-west commercial corridors, the Property benefits from exposure to approximately 41,968 vehicles per day. The high-visibility location enhances tenant performance and reinforces the long-term stability of this historically occupied retail asset.
Seven Day Mini Mart and Tacos Manzano have established deep roots within the surrounding community and continue to benefit from a loyal customer base and strong local demand. Seven Day Mini Mart is committed through October 2043 with fixed 3% annual rent increases, while Tacos Manzano is leased through July 2037 with annual increases equal to the greater of 4% or CPI. Together, these long-term leases provide more than a decade of remaining cash flow durability, built-in inflation protection, and limited management responsibilities, making the asset an ideal acquisition for private investors and 1031 exchange buyers seeking stable, growing income.
Strategically positioned on a prominent corner location along Burbank Boulevard, one of the San Fernando Valley’s primary east-west commercial corridors, the Property benefits from exposure to approximately 41,968 vehicles per day. The high-visibility location enhances tenant performance and reinforces the long-term stability of this historically occupied retail asset.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
3 324 pi²
Classe d’immeuble
C
Année de construction
1964
Prix
2 278 539 $ CAD
Prix par pi²
685,48 $ CAD
Taux de capitalisation
6,73%
Revenu net d’exploitation
153 367 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,58
Taille du lot
0,13 AC
Zone de développement économique
Oui
Zonage
LAC2 - Commercial
Stationnement
6 places (1,81 places par 1 000 pi² loué)
Façade
115’ sur Burbank Blvd
Commodités
- Voie de virage obligatoire
- Enseigne sur pylône
Moyennement accessible à pied
70/100
Exceptionnellement adapté aux voitures
100/100
Bons transports en commun
70/100
Moyennement accessible en vélo
60/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 2350-005-002 | Évaluation des bâtiments | 140 668 $ CAD |
| Évaluation du terrain | 54 272 $ CAD | Évaluation totale | 194 940 $ CAD |
Impôts fonciers
Numéro de lot
2350-005-002
Évaluation du terrain
54 272 $ CAD
Évaluation des bâtiments
140 668 $ CAD
Évaluation totale
194 940 $ CAD
Contacts
-
Brin Hamblin -
Joshua Yaris -
Martin Agnew -
Ryan Rothstein-Serling -
Agnew | Serling Group
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Présenté par
11150-11160 Burbank Blvd
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