Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present 2695 Cochran Street, an exceptional 44,881 SF single-tenant absolute NNN DIY Home Center situated on 2.89 acres (125,714 SF) of land in a prime anchor position within a larger shopping center at the NW signalized corner of Cochran Street and Sycamore Drive in the affluent Ventura County submarket of Simi Valley, California. The property provides investors with stable, predictable income through January 31, 2027, while offering outstanding underlying real estate fundamentals. Positioned in the heart of one of Simi Valley’s most active commercial corridors, the asset features ample shared parking with a total of 379 parking spaces (3.64 spaces per 1,000 SF), exceptional visibility, and multiple future pathways, including a val-ue-add reposition opportunity or unique owner-user opportunity upon lease expiration. Since 1986, DIY Home Center has maintained a nearly four-decade presence at this location, highlighting the strength of the site, its oper-ational durability, and its prominent role within the trade area. The cur-rent lease runs through January 31, 2027 (±1.3 years remaining), with no extension options. The tenant pays $44,147.10 per month ($0.98/SF) under an absolute NNN lease, offering zero landlord responsibilities. Upon expiration, DIY Home Center is going to vacate, paving the way for a strategic repositioning opportunity while benefiting from in-place cash flow during the interim. Strategically located at the NW signalized intersection of Cochran Street and Sycamore Drive, the property benefits from excellent visibility and combined daily traffic counts exceeding 52,000 vehicles per day. Cochran Street serves as one of Simi Valley’s primary east-west thoroughfares, lined with a dense concentration of national credit retailers, including Target, Sprouts, Trader Joe’s, Walgreens, Grocery Outlet, Planet Fitness, and Ross. The site enjoys synergistic foot and vehicular traffic from surrounding co-tenants and boasts immediate access to the 118 Freeway via Sycamore Drive, ensuring convenient regional connectivity. Multiple ingress and egress points enhance circulation, supporting a variety of future retail, medical, or service-oriented uses.