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Shopping Strip

11331-11339 Camarillo Street

11331 Camarillo St, North Hollywood, CA 91602

Listing Price: $6,500,000

Cap Rate
0.89%
Gross SF
6,973
Rentable SF
6,973
Price/Gross SF
$932.17
Lot Size
0.58 acres
Year Built
2007

Investment Overview

11331 Camarillo Street is a high-profile signalized corner shopping center which includes a free-standing NNN Starbucks Drive-Thru and a 14 x 48 billboard ideally located on the prime Northeast corner of Tujunga Avenue and Camarillo Street in North Hollywood, CA. Marcus & Millichap has been selected to exclusively represent for sale 11331 Camarillo Street, a high-profile retail asset ideally located on the Northeast signalized corer of Tujunga Avenue and Camarillo Street in the high-growth sub-market of North Hollywood, CA. The property consists of two parcels totaling 6,973 square feet of prime retail space situated on 25,111 square feet of land and includes a large 14 x 48 single-sided billboard. The subject property is home to Starbucks, who has successfully operated at this location since 2007. Starbucks lease expired in July of 2027 with four 5-year options. This location is a top performing site for Starbucks and offers a single lane drive thru. There is a five percent rent increase scheduled for 8/1/2028. There is an additional 5,050 square foot retail building which is currently 100% vacant. This building is divisible and can accommodate one or more tenants. Multiple tenant options are available, as the subject property is ideally located in a State Enterprise Zone, allowing for a myriad of potential uses, including restaurant and medical. The property features 22 parking spaces, a ratio of 2.96 per 1,000 square feet. 11331 Camarillo street benefits from strong daily traffic counts north of 20,000 vehicles per day and is located directly adjacent to the State Route 170 Hollywood Freeway , providing excellent freeway visibility with daily traffic counts north of 200,000 vehicles. Starbucks is the world’s largest coffeehouse chain. Founded in 1971, the company has over 31,000 locations throughout more than 70 countries and employs more than 346,000 people. Starbucks serves coffee beverages, baked goods, tea, and smoothies. Starbucks has a number of popular subsidiaries including Ethos Water, La Boulange Bakery, Seattle’s Best Coffee, and Teavana. Starbucks annual revenue exceeds $26 billion. 2020 net sales were reported at $6.2 billion, with total assets north of $19 billion. Starbucks trades on the NASDAQ under the trading symbol SBUX. 11331 Camarillo Street is ideally located in the high-growth sub-market of North Hollywood, which is undergoing tremendous growth and expansion. Strong retailers are plentiful in the immediate area, as the site sits directly across from 7-Eleven and Papa John’s Pizza. Lankershim Boulevard is mere blocks from the subject property, which houses a variety of national retailers such as CVS Pharmacy, Chipotle, Bank of America, and Domino’s Pizza. The subject property is surrounded by significant new and pending development, with over 1,030 new residential units recently built or in development in the immediate area.

Investment Highlights

  • Currently home to Starbucks, the world's largest coffee chain, on an absolute NNN basis through 2027, with four 5-year options
  • 75% of the property is currently vacant and divisible, allowing an owner-user to occupy up to 5,500 square feet or a value-add investor the opportunity
  • The property houses a large, single-sided 14 x 48 billboard, which generates an additional income stream

Exclusively Listed By

Shopping Strip

11331-11339 Camarillo Street

Listing Price: $6,500,000

Cap Rate
0.89%
Gross SF
6,973
Rentable SF
6,973
Price/Gross SF
$932.17
Lot Size
0.58 acres
Year Built
2007

Investment Highlights

  • Currently home to Starbucks, the world's largest coffee chain, on an absolute NNN basis through 2027, with four 5-year options
  • 75% of the property is currently vacant and divisible, allowing an owner-user to occupy up to 5,500 square feet or a value-add investor the opportunity
  • The property houses a large, single-sided 14 x 48 billboard, which generates an additional income stream

Investment Overview

11331 Camarillo Street is a high-profile signalized corner shopping center which includes a free-standing NNN Starbucks Drive-Thru and a 14 x 48 billboard ideally located on the prime Northeast corner of Tujunga Avenue and Camarillo Street in North Hollywood, CA. Marcus & Millichap has been selected to exclusively represent for sale 11331 Camarillo Street, a high-profile retail asset ideally located on the Northeast signalized corer of Tujunga Avenue and Camarillo Street in the high-growth sub-market of North Hollywood, CA. The property consists of two parcels totaling 6,973 square feet of prime retail space situated on 25,111 square feet of land and includes a large 14 x 48 single-sided billboard. The subject property is home to Starbucks, who has successfully operated at this location since 2007. Starbucks lease expired in July of 2027 with four 5-year options. This location is a top performing site for Starbucks and offers a single lane drive thru. There is a five percent rent increase scheduled for 8/1/2028. There is an additional 5,050 square foot retail building which is currently 100% vacant. This building is divisible and can accommodate one or more tenants. Multiple tenant options are available, as the subject property is ideally located in a State Enterprise Zone, allowing for a myriad of potential uses, including restaurant and medical. The property features 22 parking spaces, a ratio of 2.96 per 1,000 square feet. 11331 Camarillo street benefits from strong daily traffic counts north of 20,000 vehicles per day and is located directly adjacent to the State Route 170 Hollywood Freeway , providing excellent freeway visibility with daily traffic counts north of 200,000 vehicles. Starbucks is the world’s largest coffeehouse chain. Founded in 1971, the company has over 31,000 locations throughout more than 70 countries and employs more than 346,000 people. Starbucks serves coffee beverages, baked goods, tea, and smoothies. Starbucks has a number of popular subsidiaries including Ethos Water, La Boulange Bakery, Seattle’s Best Coffee, and Teavana. Starbucks annual revenue exceeds $26 billion. 2020 net sales were reported at $6.2 billion, with total assets north of $19 billion. Starbucks trades on the NASDAQ under the trading symbol SBUX. 11331 Camarillo Street is ideally located in the high-growth sub-market of North Hollywood, which is undergoing tremendous growth and expansion. Strong retailers are plentiful in the immediate area, as the site sits directly across from 7-Eleven and Papa John’s Pizza. Lankershim Boulevard is mere blocks from the subject property, which houses a variety of national retailers such as CVS Pharmacy, Chipotle, Bank of America, and Domino’s Pizza. The subject property is surrounded by significant new and pending development, with over 1,030 new residential units recently built or in development in the immediate area.

Exclusively Listed By

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