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- LoopNet Team
2040 Glenoaks Blvd
San Fernando, CA 91340
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN, Fee Simple Investment - Freestanding Retail Building in Prime Market
- Newer condition - exterior and interior of the property was completely renovated in 2014, except for the structure
- Low vacancy rate at intersection illustrates the strength of this location and trade area with most internet resistant tenants
- Rare two single tenant property in infill area with a long remaining lease terms
- Strong national tenants at the intersection including Bank of America, Food 4 Less, CVS, O’Reilly’s, Del Taco, Burger King, McDonald’s and Big Lots
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 2040 GLENOAKS BLVD , SAN FERNANDO, CA 91340
JLL is proud to offer to qualified investors the opportunity to purchase a 38,609 square foot freestanding retail building in strategically located at the intersection of Glenoaks Boulevard and Hubbard Street in the heart of San Fernando. The building is 100% occupied by Smart N Final and Walgreens – both with long-term corporate leases. Smart N Final has executed a 15-year, corporate guaranteed lease with 4 - 5 Year Options and compounded rental increases of 10% after the first 10 years of term and every 5 years thereafter, including all option periods. Walgreens has a 75-year, corporate guaranteed lease with no options and approximately 10% compounded base rental increases every 10 years.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $8,387,787 | |
| Land Assessment | $17,079,079 | Total Assessment | $25,466,866 |
PROPERTY TAXES
