The Brandon Michaels Group of Marcus & Millichap, as exclusive advisor, is pleased to present Embassy Plaza, a 71,320-square-foot value-add grocery anchored shopping center situated on 5.61 acres of land (244,204 square feet). The property is ideally located on the SE signalized corner of Lankershim Boulevard and Erwin Street, just south of Victory Boulevard and just North of Oxnard Street in the high growth, high demand East San Fernando Valley Submarket of North Hollywood, CA. Embassy Plaza is an eighteen (18) unit grocery anchored shopping center anchored by Superior Grocers. The property is currently 67% occupied by a mix of retail tenants with a well-seasoned existing tenant base averaging almost fourteen (14) years of successful operations at this location on NNN leases. With the exception of Superior Grocers, who are on a lease through April of 2039, and Starbucks, who recently extended their lease through May of 2032, the remaining tenancy is on short term leases averaging less than three (3) years of remaining lease term, creating an opportunity to immediately reposition the existing 23,148square feet of vacancies and the in-place tenants in the near future, as desired. Currently, the center generates $116,363.49 per month ($2.44/square foot) or $1,396.361.88 annually. Excluding Superior Grocers’ 31,152-square-foot unit (44% of the center), the center’s remaining units average 2,292 square feet with units ranging from 750 square feet at the smallest to 9,200 square feet at the largest, allowing a new owner the ability to accommodate a variety of uses and tenant space needs. Embassy Plaza is well positioned on a large underlying parcel of land totaling 5.61 acres, or 244,204 square feet. As such, the property is uniquely positioned with long-term redevelopment opportunities. The property is currently split zoned [Q]C2-1VL and P-1VL with an underlying Highway Oriented and Neighborhood Office Commercial land designation. Due to the site’s proximity to transit, the property is also designated as a Tier 2 Transit Oriented Communities (TOC). Although the parking areas of the property are generally zoned P-1VL, the community plan for North Hollywood is undergoing an update which may completely rezone the site commercial, allowing for a total redevelopment of the property. Embassy Plaza is located at the SE signalized corner of Lankershim Boulevard & Erwin Street, centrally positioned in North Hollywood less than one (1) mile to the on and off ramps of the 170 Freeway via Oxnard Street. The property enjoys unparalleled visibility, with frontage along Lankershim Boulevard (~740’) to the west, Erwin Street to the north (~530’), and Beck Avenue (~550’) to the east. Lankershim Boulevard is a highly trafficked thoroughfare, the primary corridor connecting North Hollywood south to Studio City and north to Sun Valley, with traffic counts more than 24,000 vehicles per day. Tenants and patrons of the property also enjoy the site’s two hundred and eighty-five (285) dedicated surface parking spaces, a parking ratio of 4.00 spaces per 1,000 square feet.