PLS Financials Services 6801 Van Nuys Blvd
5,860 SF Retail Building Van Nuys, CA 91405 $3,624,320 ($618/SF) 5.25% Cap Rate
Investment Highlights
- PLS Financial Services, Inc. (PLS) is one of the largest check cashing companies with over 200 locations in twelve (12) states.
- The property, sits on .30 acres, consists of a single story (1) freestanding building totaling 5,811 sq. ft. with ample parking.
- Lease is thoughtfully structured to allow NNN reimbursement by Tenant, along with a fifteen percent (15%) administrative fee reimbursement on CAMS.
- The subject property is a passive Single Tenant Net Leased investment on a highly prominent corner in Urban Los Angeles.
- The PLS lease includes structured increases of 2.5% annually, providing an inflation hedge.
- PLS has successfully operated at this location since 2015.
Executive Summary
Single Tenant Net Leased Investment
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,860 SF
Building Class
C
Year Built/Renovated
1990/2015
Price
$3,624,320
Price Per SF
$618
Cap Rate
5.25%
NOI
$190,277
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
LAC2
Parking
15 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (88)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 2219-025-030 | Improvements Assessment | $893,542 |
Land Assessment | $826,430 | Total Assessment | $1,719,972 |