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Chevron 16103 Sherman Way 1,161 SF Retail Building Van Nuys, CA 91406 $5,500,000 ($4,737.30/SF) 2.17% Cap Rate

Retail Spaces California Van Nuys 16103 Sherman Way, Van Nuys, CA 91406

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INVESTMENT HIGHLIGHTS

  • Current lease expires August 31, 2027, creating a unique chance for an owner-user to operate their business upon lease expiration.
  • A recent Phase I (2025) came with No Further Action needed, which is complemented by regular and successful tank/piping tests.
  • Within a 3-mile radius: 281,799 residents and an average household income of $110,833, supporting strong fuel and retail sales.
  • Situated at Sherman Way & Woodley Avenue, a heavily trafficked intersection with 66,815 cars per day.
  • Favorable lease language ensures landlord control over equipment and environmental provisions, enabling a smooth transition for future operations.
  • Less than 0.5 miles from the I-405 freeway exit at Sherman Way and 0.05 miles from Van Nuys Airport, ensuring consistent traffic flow.

EXECUTIVE SUMMARY

Prime Hard-Corner Gas Station in Van Nuys

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Service Station
Building Size
1,161 SF
Building Class
C
Year Built
1950
Price
$5,500,000
Price Per SF
$4,737.30
Cap Rate
2.17%
NOI
$119,326
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.29 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
LAC2
Parking
6 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
116’ on Sherman Way

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

LINKS

1 1
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
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What is a Walk Score®
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Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Vallarta Supermarkets
Food 4 Less
Denny's
Starbucks
Planet Fitness

PROPERTY TAXES

Parcel Number 2205-028-001 Improvements Assessment $95,699
Land Assessment $316,854 Total Assessment $412,553

PROPERTY TAXES

Parcel Number
2205-028-001
Land Assessment
$316,854
Improvements Assessment
$95,699
Total Assessment
$412,553
(818) 259-0476

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Patrick Wade
    Patrick Wade
  • Bo Henderson
    Bo Henderson
  • Alex Kozakov
    Alex Kozakov
  • Matthew Greenberg
    Matthew Greenberg
  • Jack Webber
    Jack Webber
  • Vivian Tran
    Vivian Tran

  • Listing ID: 39085787

  • Date on Market: 1/14/2026

  • Last Updated:

  • Address: 16103 Sherman Way, Van Nuys, CA 91406

More public record information on 16103 Sherman Way, Van Nuys, CA 91406

The Retail Property at 16103 Sherman Way, Van Nuys, CA 91406 is currently available for Sale. Contact CBRE, Inc. for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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Chevron | 16103 Sherman Way
(818) 259-0476 x

Chevron | 16103 Sherman Way

Patrick Wade
(818) 259-0476

Bo Henderson
(310) 892-5644

Alex Kozakov
(213) 613-3031

Matthew Greenberg
(213) 613-3544

Jack Webber
(310) 529-4040

Vivian Tran
(213) 613-3642

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