Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 11150-11160 Burbank Boulevard, North Hollywood, California, a fully stabilized NNN retail asset occupied by two long-tenured tenants that have operated at the Property since 2002 and 2013. With approximately 24 years of weighted average tenant tenure and a 13.7-year WALT, the Property provides exceptional income security, limited rollover exposure, and built-in rental growth through contractual annual rent increases. The asset is offered at $1,645,000 and delivers an attractive 6.73% year-one CAP rate with growth to 6.97% in year two. Seven Day Mini Mart and Tacos Manzano have established deep roots within the surrounding community and continue to benefit from a loyal customer base and strong local demand. Seven Day Mini Mart is committed through October 2043 with fixed 3% annual rent increases, while Tacos Manzano is leased through July 2037 with annual increases equal to the greater of 4% or CPI. Together, these long-term leases provide more than a decade of remaining cash flow durability, built-in inflation protection, and limited management responsibilities, making the asset an ideal acquisition for private investors and 1031 exchange buyers seeking stable, growing income. Strategically positioned on a prominent corner location along Burbank Boulevard, one of the San Fernando Valley’s primary east-west commercial corridors, the Property benefits from exposure to approximately 41,968 vehicles per day. The high-visibility location enhances tenant performance and reinforces the long-term stability of this historically occupied retail asset. The Property is located less than one mile from the SR-170 Freeway and adjacent to the thriving NoHo Arts District, one of Los Angeles’ premier entertainment, dining, and creative hubs. Continued investment and redevelopment throughout North Hollywood have transformed the area into a highly desirable live-work-play destination, supporting both commercial activity and long-term real estate fundamentals. The offering is further supported by exceptional demographics, with more than 266,000 residents within a three-mile radius and average household incomes exceeding $112,000. These strong consumer fundamentals provide a deep customer base for the tenants and support the long-term viability of neighborhood-serving retail uses.