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.
Highlights
Brand new 12-year corporate NNN lease; fee simple ownership.
High-traffic location on a major retail thoroughfare exceeding 30,000 vehicles per day (VPD).
Hard corner lot at a signalized intersection.
Newly renovated (2023) with long-term lease providing excellent security.
10% rental increases every five years.
Strong tenant mix including Walgreens, Wells Fargo, WSS, Goodwill, 99 Cents Only, Jon's Fresh Marketplace, Citi, and Bank of America.
Property Details
for 18300 Sherman Way
Property type
Retail properties
Square Feet
6,192 SF
Year Built/Renovated
1990/2023
Buildings
1
Stories
1
Units
1
Location Insight
City
Los Angeles
County
Los Angeles
State
California
Latitude
34.201035841722
Longitude
-118.53172508831
18300 Sherman Way, Los Angeles, California
Nearby Similar for Sale
For Sale
$2,600,000
Beverly Blvd Retail Investment
Prime LA location, high NOI, redevelopment potential.
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