18300 Sherman WayLos Angeles, CA 91335

This exceptional investment opportunity presents a 6,192 square foot, single-tenant, free-standing retail building, perfectly situated on a hard corner at a signalized intersection in Los Angeles County, California. The property, located at 18300 Sherman Way, Reseda, CA 91335, boasts a prominent location along a major retail thoroughfare with high traffic counts exceeding 30,000 vehicles per day. Currently 100% occupied by Western Dental & Orthodontics under a brand new 12-year net lease (commencing September 1, 2023, and expiring August 31, 2035), this asset offers significant long-term security and substantial upside potential. The lease includes attractive 10% rent bumps every five years, ensuring consistent income growth. Built in 1990 and extensively renovated in 2023, the property features a single story building on a 7,013 square foot lot, zoned GC. The asking price is $3,900,000, representing a compelling cap rate of 6.20% and a price per square foot of $629.84. The property's strong tenant, desirable location, and built-in rent increases make this a highly attractive investment opportunity. Lease options include a 1x3 year and 3x5 year extension. The Net Operating Income (NOI) is $241,488. Nearby businesses include Walgreens, Wells Fargo, WSS, Goodwill, 99 Cents Only, Jons Fresh Marketplace, Citi, and Bank of America. The APN is 2125-003-052.