18300 Sherman Way Los Angeles, CA 91335

This exceptional investment opportunity presents a 6,192 square foot, single-tenant retail building in Los Angeles, CA, fully occupied by Western Dental under a brand-new 12-year Net Lease (NNN) agreement commencing August 31, 2023. The property, located at 18300 Sherman Way, boasts a prime location on a hard corner signalized intersection, benefiting from high visibility and significant traffic counts exceeding 30,000 vehicles per day. The building, constructed in 1990 and extensively renovated in 2023, offers long-term security with built-in rent escalations of 10% every five years. The current lease provides a strong net operating income (NOI) of $241,488, resulting in an attractive 6.20% cap rate. The asking price is $3,900,000, translating to $629.84 per square foot. The lease includes renewal options: one 3-year option and three 5-year options. This fee-simple, depreciable asset represents a compelling investment opportunity due to its corporate guarantee, strong tenant, and favorable lease terms. The property's APN is 2125-003-052. The building is a single-story structure situated in Los Angeles County, zip code 91335. This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant upside potential.