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United Pacific: Van Nuys, CA 16455 Victory Blvd 3,374 SF Retail Building Van Nuys, CA 91406 $4,173,913 ($1,237.08/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Increases
- Long-Term Operating History
- Los Angeles MSA Advantage
- High Barriers to Entry
- Intrinsic Underlying Value
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 200-square-foot United Pacific gas station and convenience store positioned on 0.30 acres in Van Nuys, California — part of the Los Angeles MSA (MSA Population: 13M+). The site is subject to a ±8.7-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the three, 5-year renewal options.
Business is not for sale
Business is not for sale
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,374 SF
Building Class
C
Year Built
1996
Price
$4,173,913
Price Per SF
$1,237.08
Cap Rate
5.75%
NOI
$240,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.30 AC
Parking
1 Spaces (0.3 Spaces per 1,000 SF Leased)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2231-005-023 | Improvements Assessment | $328,093 |
| Land Assessment | $2,992,212 | Total Assessment | $3,320,305 |
PROPERTY TAXES
Parcel Number
2231-005-023
Land Assessment
$2,992,212
Improvements Assessment
$328,093
Total Assessment
$3,320,305
CONTACTS
-
Thomas Carr -
Ty Grenier -
Christopher Bosworth -
Brian Pfohl -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE
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United Pacific: Van Nuys, CA | 16455 Victory Blvd
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