5321 Laurel Canyon Blvd, Valley Village, CA 91607
6,490 SF | Retail Building | Valley Village, CA 91607 | $3,415,000 ($526/SF) | 5.35% Cap Rate
For Sale
Active
Asking Price $3,415,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 6,490 SF
- Price / Square Foot
- $526
Listing Contacts
Patrick Luther
Matthew Mousavi
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, Shakey’s investment property located in Valley Village, California (Los Angeles County). The tenant, SCO LLC, has approximately 10 years remaining in their current lease term with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features approximate 3% annual rental increases during the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1954, Shakey’s was the first franchise pizza chain in the United States.
The offering only includes the 5 parking spaces directly behind the building (see Site Plan on Page 13). There is a easement and ROW down the property line, the adjacent parking lot is owned by the skilled nursing facility next door. Per the Seller, the parking has not affected store revenues which continue to be consistent.
The offering only includes the 5 parking spaces directly behind the building (see Site Plan on Page 13). There is a easement and ROW down the property line, the adjacent parking lot is owned by the skilled nursing facility next door. Per the Seller, the parking has not affected store revenues which continue to be consistent.
Property Details
- Class
- C
- Year Built
- 1967
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 9,583 SF
Highlights
- 10 Years Remaining | Scheduled Rental Increases | Well-Known & Established Brand
- NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
- Dense Retail Corridor | Strong National Credit/Tenant Presence |NOHO West Shopping Center | U.S. Highway 101 (270,000 VPD)
- Rare Southern California Opportunity | High Barriers to Entry
- Nearby Signalized, Hard-Corner Intersection | Large Pylon Sign | Los Angeles Valley College | Excellent Visibility & Access
- Strong Demographics in Trade Area | Six-Figure Income
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].