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6530 Van Nuys Blvd 9,235 SF Retail Building Van Nuys, CA 91401 $2,760,000 ($298.86/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- A-rated, investment-grade tenant
- Significantly below-market rent, providing a future opportunity to implement market rates at lease expiration
- 15% rent increases every five years
- More than 63 years of operating history at this location
- Excellent corner parcel along Van Nuys Blvd
- Densely populated trade area with 317,488 residents within a 3-mile radius
EXECUTIVE SUMMARY
Colliers is pleased to present the opportunity to acquire 6530 Van Nuys Blvd, a well-located NN-leased retail asset in the heart of Van Nuys, California. The property is leased to Firestone, a longstanding operator that has successfully operated at this location for more than 63 years, demonstrating exceptional tenancy stability and site commitment. The tenant has 19 months remaining on the current lease term, with two (2) five-year options to extend, offering potential tenancy through 2037. The lease includes 15% rent increases every five years, providing consistent income growth throughout the option periods.
Under the NN lease structure, the landlord is responsible only for the roof and structure, while the tenant covers all remaining operating expenses directly, resulting in minimal landlord responsibilities and predictable cash flow.
The property is supported by strong local demographics, with more than 50,000 residents within a one-mile radius and an average household income exceeding $100,000. This dense, affluent trade area enhances long-term viability for retail operations and underpins the assets’ investment stability.
This offering presents investors with an opportunity to acquire a historically proven, low-management retail asset in a supply constrained Los Angeles submarket with below-market rents that could allow the potential purchaser upside in the future.
Under the NN lease structure, the landlord is responsible only for the roof and structure, while the tenant covers all remaining operating expenses directly, resulting in minimal landlord responsibilities and predictable cash flow.
The property is supported by strong local demographics, with more than 50,000 residents within a one-mile radius and an average household income exceeding $100,000. This dense, affluent trade area enhances long-term viability for retail operations and underpins the assets’ investment stability.
This offering presents investors with an opportunity to acquire a historically proven, low-management retail asset in a supply constrained Los Angeles submarket with below-market rents that could allow the potential purchaser upside in the future.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,235 SF
Building Class
C
Year Built
1946
Price
$2,760,000
Price Per SF
$298.86
Cap Rate
5%
NOI
$138,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.56
Lot Size
0.38 AC
Zoning
LAC2-1L-CDO
Parking
10 Spaces (1.08 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2237-014-001 | Improvements Assessment | $571,629 |
| Land Assessment | $857,455 | Total Assessment | $1,429,084 |
PROPERTY TAXES
Parcel Number
2237-014-001
Land Assessment
$857,455
Improvements Assessment
$571,629
Total Assessment
$1,429,084
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6530 Van Nuys Blvd
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