7155 Van Nuys Blvd
Van Nuys, CA 91405
Walgreens · Retail Property For Sale

The lease provides for minimal landlord responsibilities. There are three (3.2) years remaining on the lease term until Walgreen’s first termination option. The property is located just 18 miles from downtown Los Angeles. The city of Van Nuys is located in the Los Angeles metropolitan area, which is the third largest metropolitan economy in the world, with a population of 13 million and a GDP of over $700 billion. The property is situated on the hard-signalized corner of Van Nuys Blvd. and Sherman Way, which report strong combined traffic counts of over 100,000 cars per day. There are 763,372 residents located in the five (5) mile demographic ring. There are over 105,000 households in the three (3) mile demographic ring, which is beneficial for the tenant’s customer base. The average household income in the five (5) mile demographic ring is an affluent $83,527. Walgreens is surrounded by several popular retailers, which helps drives traffic to the store. Neighboring retailers include Denny’s, Sizzler, The Habit Burger Grill, Dunkin’ Donuts and Big 5 Sporting Goods, among others. Walgreens is located within 3 miles of a hospital and medical center, implying a built-in customer base. California State University, Northridge (CSUN) enrolls over 41,000 students annually. It is one of the largest comprehensive universities in the State of California (behind UCLA) in terms of enrollment. CSUN is located just 6 miles (19 minutes) from the subject property.