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11150-11160 Burbank Blvd 3,324 SF 100% Leased Retail Building North Hollywood, CA 91601 $1,645,000 ($494.89/SF) 6.73% Cap Rate
Investment Highlights
- Fully leased to two established tenants.
- Attractive 6.73% Year 1 CAP Rate.
- Long-term tenancy.
- Passive NNN lease structure.
- Contractual annual rent increases.
- Approximate 13.7-year WALT.
Executive Summary
Marcus & Millichap is pleased to exclusively offer for sale 11150-11160 Burbank Boulevard, North Hollywood, California, a fully stabilized NNN retail asset occupied by two long-tenured tenants that have operated at the Property since 2002 and 2013. With approximately 24 years of weighted average tenant tenure and a 13.7-year WALT, the Property provides exceptional income security, limited rollover exposure, and built-in rental growth through contractual annual rent increases. The asset is offered at $1,645,000 and delivers an attractive 6.73% year-one CAP Rate with growth to 6.97% in year-two.
Seven Day Mini Mart and Tacos Manzano have established deep roots within the surrounding community and continue to benefit from a loyal customer base and strong local demand. Seven Day Mini Mart is committed through October 2043 with fixed 3% annual rent increases, while Tacos Manzano is leased through July 2037 with annual increases equal to the greater of 4% or CPI. Together, these long-term leases provide more than a decade of remaining cash flow durability, built-in inflation protection, and limited management responsibilities, making the asset an ideal acquisition for private investors and 1031 exchange buyers seeking stable, growing income.
Strategically positioned on a prominent corner location along Burbank Boulevard, one of the San Fernando Valley’s primary east-west commercial corridors, the Property benefits from exposure to approximately 41,968 vehicles per day. The high-visibility location enhances tenant performance and reinforces the long-term stability of this historically occupied retail asset.
Seven Day Mini Mart and Tacos Manzano have established deep roots within the surrounding community and continue to benefit from a loyal customer base and strong local demand. Seven Day Mini Mart is committed through October 2043 with fixed 3% annual rent increases, while Tacos Manzano is leased through July 2037 with annual increases equal to the greater of 4% or CPI. Together, these long-term leases provide more than a decade of remaining cash flow durability, built-in inflation protection, and limited management responsibilities, making the asset an ideal acquisition for private investors and 1031 exchange buyers seeking stable, growing income.
Strategically positioned on a prominent corner location along Burbank Boulevard, one of the San Fernando Valley’s primary east-west commercial corridors, the Property benefits from exposure to approximately 41,968 vehicles per day. The high-visibility location enhances tenant performance and reinforces the long-term stability of this historically occupied retail asset.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,324 SF
Building Class
C
Year Built
1964
Price
$1,645,000
Price Per SF
$494.89
Cap Rate
6.73%
NOI
$110,724
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
LAC2 - Commercial
Parking
6 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
115’ on Burbank Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2350-005-002 | Improvements Assessment | $101,668 |
| Land Assessment | $39,225 | Total Assessment | $140,893 |
Property Taxes
Parcel Number
2350-005-002
Land Assessment
$39,225
Improvements Assessment
$101,668
Total Assessment
$140,893
Contacts
-
Brin Hamblin -
Joshua Yaris -
Martin Agnew -
Ryan Rothstein-Serling -
Agnew | Serling Group
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