14651 Ventura Blvd Los Angeles, CA 91403

This property offers an opportunity to acquire a fee simple interest in a NN leased Burlington investment property. The property is located along Ventura Boulevard in Sherman Oaks, California, within Los Angeles County. The tenant, a corporately signed entity, has 8 years remaining on their lease, with options to extend for three additional 5-year periods. The lease includes a 5% rental increase in March 2029, and 7.5% increases at the beginning of each option period. The lease is NN, requiring minimal landlord responsibilities. The property is located along Ventura Boulevard, which experiences an average daily traffic of over 52,000 vehicles. It is positioned just south of U.S. Highway 101 and east of Interstate 405. The site is located southwest of Westfield Fashion Square, an 868,000 square foot shopping destination featuring tenants such as Macy’s, Old Navy, Bath & Body Works, and H&M. Nearby national tenants include Costco Wholesale, Target, Whole Foods, Michaels, and CVS Pharmacy. The 5-mile trade area has a population of over 492,300 with an average household income of $149,462. The property size is 24890 square feet.