Two-Tenant NNN Retail
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For Sale
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11150-11160 Burbank Blvd, North Hollywood, CA 91601
Occupied by two established tenants under long-term net leases extending into 2037 and 2043.
Property Size3,324 SF
Price / SF$494.89
Days on Market7
Property Features for 11150-11160 Burbank Blvd
General Information
Standard status
Active
Size
3,324 SF
Property subtype
RETAIL
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap
(818) 212-2776
Listed By:
Martin Agnew · License #01339034
Source:
Moodyscre
Added: Aug 27
Changed: Sep 1
Last Checked: Sep 1 at 9:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This 3,324-square-foot retail property at 11150-11160 Burbank Blvd in North Hollywood is occupied by two tenants. The leases are structured on an NNN basis, with contractual terms extending through 2037 and 2043.
Tenant occupancy dates back to 2002 and 2013, respectively. The property has approximately 24 years of weighted average tenure and a 13.7-year WALT, with no lease rollover scheduled during the first decade of ownership.
Tenant occupancy dates back to 2002 and 2013, respectively. The property has approximately 24 years of weighted average tenure and a 13.7-year WALT, with no lease rollover scheduled during the first decade of ownership.
Key Highlights
- 3,324‑square‑foot retail property at 11150‑11160 Burbank Blvd
- Two tenants in occupancy since 2002 and 2013
- NNN leases extend to 2037 and 2043
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,542
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,470,840
$1.5M
Cap Rate 7%
$1,050,600
$1.1M
Cap Rate 9%
$817,133
$817.1K
Market Conditions
NOI Build-Up for 3,324 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$112.5K $33.84/SF
− Vacancy
−$7.4K −$2.23/SF
EGI
$105.1K $31.61/SF
− OpEx
−$31.5K −$9.48/SF
NOI
$73.5K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,470,840
Cap Rate 7%
$1,050,600
Cap Rate 9%
$817,133
Alternative Uses
Best Use
Retail
$1.05M
$919.3K – $1.23M
NOI $73,542 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,576 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,972
Businesses Nearby
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Occupied by two established tenants under long-term net leases extending into 2037 and 2043.
Where is this nnn property located?
The property is located at 11150-11160 Burbank Blvd North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: 3,324‑square‑foot retail property at 11150‑11160 Burbank Blvd; Two tenants in occupancy since 2002 and 2013; NNN leases extend to 2037 and 2043
