For Sale: Single Tenant NNN Investment | 21028 Ventura Blvd
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For Sale: Single Tenant NNN Investment 21028 Ventura Blvd
2,600 SF Retail Building Woodland Hills, CA 91364 $3,195,000 ($1,229/SF) 5% Cap Rate
Investment Highlights
- Single tenant net leased investment property
- Situated in the heart of Woodland Hills in the West San Fernando Valley
- Excellent visibility on the infamous Ventura Boulevard corridor
- Stable investment to buyers seeking a cash-flowing asset in a prime Los Angeles submarket
Executive Summary
illi Commercial Real Estate is pleased to present a rare single tenant net leased investment property with excellent visibility on the infamous Ventura Boulevard corridor. Situated in the heart of Woodland Hills in the West San Fernando Valley, the ±7,797 S site consists of a ±2,600 S restaurant building, with a ±600 S front patio and rear parking area.
The tenant, & Waffles, a local breakfast and lunch favorite, often has lines out the door. Having recently completed the original five-year term of its lease, the operator exercised the first of two five-year options to extend, presenting a long-term, stable investment to buyers seeking a cash-flowing asset in a prime Los Angeles submarket.
The tenant, & Waffles, a local breakfast and lunch favorite, often has lines out the door. Having recently completed the original five-year term of its lease, the operator exercised the first of two five-year options to extend, presenting a long-term, stable investment to buyers seeking a cash-flowing asset in a prime Los Angeles submarket.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,600 SF
Building Class
B
Year Built
2007
Price
$3,195,000
Price Per SF
$1,229
Cap Rate
5%
NOI
$159,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.18 AC
Zoning
LAC4
Parking
10 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
62 FT on Ventura Blvd
Amenities
- Restaurant
- Signage
- Storage Space
- Air Conditioning
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 2167-024-007 | Improvements Assessment | $580,291 |
| Land Assessment | $1,613,212 | Total Assessment | $2,193,503 |
PROPERTY TAXES
Parcel Number
2167-024-007
Land Assessment
$1,613,212
Improvements Assessment
$580,291
Total Assessment
$2,193,503
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For Sale: Single Tenant NNN Investment | 21028 Ventura Blvd
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