The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 15721 Ventura Boulevard, a 4,155 square foot two-unit storefront retail property situated on 0.27 acres of land (11,933 SF) located one parcel west of the NW signalized intersection of Ventura Boulevard & Haskell Avenue in the affluent Los Angeles submarket of Encino, CA. 15721 Ventura Boulevard consists of two (2) retail units consisting of 1,755 square feet (unit 15719) and 2,400 square feet (unit 15721). The subject property is currently 100% occupied by Ben Construction in unit 15721 and Ben Construction with the Benelisha Group in unit 15719 on leases expiring 12/31/2024. Ben Construction is a residential and commercial construction company primarily serving southern California. The tenants are paying a total rent of $2.56/SF per month (or $10,653.30 monthly) on a triple net (NNN) basis. Ben construction, in unit 15721, has a five (5) year option to extend the terms of their lease with 3% annual rent increases and is required to provide notice to exercise by 10/3/2024. The tenant provided notice to exercise their option via email on 8/19/2024. A savvy investor will recognize the possibility to engage the tenant occupying unit 15719 with a new lease term or retenant the space. The tenant recently expressed interest in exercising their option, which expired on 7/1/2024, via email on 8/19/2024