5321 Laurel Canyon Blvd - Restaurant FOR SALE


Valley Village, CA 91607
$3,273,000 USD
480-221-4221
5321 Laurel Canyon Blvd, Valley Village, CA for Sale
$3,273,000 USD
Restaurant - FOR SALE
1/9
null | 5.75% Cap Rate

5321 Laurel Canyon Blvd
Valley Village, CA 91607


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

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.

FOR SALE DETAILS

PRICE

$3,273,000 USD

PRICE/SF

$504 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shakey's Pizza | 10yrs Remain NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,496 SF

ZONING

C2

APN/PARCEL ID

2347-017-025

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.