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764 Los Angeles Ave 1,258 SF Retail Building Simi Valley, CA 93065 $2,150,000 ($1,709.06/SF) 4.21% Cap Rate



Investment Highlights
- Property Leased to Enterprise Rent-A-Car on 5- Year NNN lease (expires 12/31/2030)
- Largest rental car operator in United States with $35+ billion in revenue, 9,500 global locations, and 90,000 employees
- Landlord is responsible for roof, structure and utilities to point of entry
- 1,250 SF BUILDING / 13,939 SF LOT
- Prime visibility in one of Ventura County’s most reliable retail corridors
Executive Summary
This ±1,250 SF freestanding building on a fully paved ±13,939 SF lot offers investors a rare opportunity to acquire a true NNN lease with zero landlord responsibilities in one of Ventura County's most reliable retail corridors. Leased to Enterprise Rent-A-Car—the largest rental car operator in the United States with $35+ billion in revenue and 9,500 global locations—through December 31, 2030, the property delivers passive income backed by a credit tenant in a high barrier-to-entry automotive-zoned location. Situated in an affluent, commuter-driven market with prime visibility along E Los Angeles Ave, the site benefits from strong local demographics, including a $118K median household income, 70%+ homeownership rate, and car-dependent demand patterns that support long-term tenant performance and stability.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,258 SF
Building Class
C
Year Built
1940
Price
$2,150,000
Price Per SF
$1,709.06
Cap Rate
4.21%
NOI
$90,417
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.32 AC
Zoning
CPD
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
96’ on Los Angeles Ave
Amenities
- Signage
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 631-0-103-045 | Improvements Assessment | $318,877 |
| Land Assessment | $1,393,377 | Total Assessment | $1,712,254 |
Property Taxes
Parcel Number
631-0-103-045
Land Assessment
$1,393,377
Improvements Assessment
$318,877
Total Assessment
$1,712,254
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764 Los Angeles Ave
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