5846 San Fernando Rd
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5846 San Fernando Rd
1,587 SF Retail Building Glendale, CA 91202 $1,850,000 ($1,166/SF) 3.42% Cap Rate
Investment Highlights
- Established medical/veterinary location with guaranteed 10-year NNN lease plus 5-year option.
- Turnkey investment opportunity with experienced operator.
- Prime Glendale location on San Fernando Road with excellent visibility and exposure.
- Renovated and well-maintained facility.
- High-traffic area with easy access and visibility.
Executive Summary
Sale leaseback opportunity with established veterinary clinic. Current owner/operator will execute a new 10-year absolute NNN lease upon sale with a 5-year extension option. Secure, long-term income stream from essential medical service provider in prime Glendale location. Property has history of successful veterinary operations. Excellent opportunity for investors seeking stable returns from a recession-resistant tenant.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
1,587 SF
Building Class
C
Year Built
1939
Price
$1,850,000
Price Per SF
$1,166
Cap Rate
3.42%
NOI
$63,245
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.12 AC
Zoning
GLC3* - GLC3 zoning designation allows for a wide range of commercial uses including medical facilities, professional offices and retail.
Parking
2 Spaces (1.26 Spaces per 1,000 SF Leased)
Frontage
369 FT on San Fernando
Amenities
- Bus Line
- Corner Lot
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5628-039-013 | Total Assessment | $1,600,000 (2024) |
| Land Assessment | $960,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $640,000 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5628-039-013
Land Assessment
$960,000 (2024)
Improvements Assessment
$640,000 (2024)
Total Assessment
$1,600,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
Contacts
-
Dunaway Real Estate Group Kaiulani Camuso -
Teri Dunaway Teri Robles-Dunaway - Dunaway Real Estate Group
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5846 San Fernando Rd
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