5321 Laurel Canyon Blvd Los Angeles, CA 91607

This exceptional investment opportunity presents the fee simple ownership (land and building) of a Shakey's Pizza restaurant in Los Angeles, CA. Located at 5321 Laurel Canyon Blvd, Los Angeles, CA 91607, this 6,490 square foot restaurant sits on a 0.22-acre lot and is zoned C2 - Commercial Zone. The property, built in 1967, boasts a strong location near Universal Studios Hollywood and NOHO West shopping center, benefiting from high traffic counts and a dense population with affluent demographics. The current franchisee tenant has a lease with approximately 8.1 years remaining, including two 5-year options to extend, demonstrating a long-term commitment. The lease features 3% annual rental increases, protecting against inflation. The lease is a triple-net lease (NNN), with landlord responsibilities limited to roof and structure, making this a low-management investment. The asking price is $3,415,000, representing a price per square foot of $526.19 and a cap rate of 5.35%. The current Net Operating Income (NOI) is $182,719. The property includes five parking spaces directly behind the building. An easement and right-of-way exist along the property line