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11331-11339 Camarillo St.

2 Retail Properties Offered at £5,365,200 in North Hollywood, CA

Investment Highlights

  • Currently home to Starbucks, the world’s largest coffee chain, on an absolute NNN basis through 2027, with four 5-year options
  • Ideally located on the northeast signalized corner of Tujunga Avenue and Camarillo Street
  • Traffic counts north of 35,000 vehicles per day with over 200,000 vehicles traveling along SR 170
  • The property houses a large, single-sided 14 x 48 billboard, which generates an additional income stream
  • Excellent freeway visibility from the State Route 170 Hollywood Freeway

Executive Summary

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 11331 Camarillo Street, a high-profile retail asset ideally located on the northeast signalized corner of Tujunga Avenue and Camarillo Street in the high-growth sub-market of North
Hollywood, CA. The property consists of two parcels totaling 6,998 square feet of prime retail space situated on 25,111 square feet of land and includes a large 14 x 48 single-sided billboard. The subject property is home to Starbucks, who has successfully operated at this location since 2007. Starbucks lease expires in July of 2027 with four 5-year options. This location is a top performing site for Starbucks and offers a single lane drive thru. There is a five percent rent increase scheduled for 8/1/2028. There is an additional 5,050 square foot retail building which is currently 100% vacant. This building is divisible and can accommodate one or more tenants. Multiple tenant options are available, as the subject property is ideally located in a State Enterprise Zone, allowing for a myriad of potential uses, including restaurant and medical. The property features 27 parking spaces, a ratio of 3.86 per 1,000 square feet. 11331 Camarillo street benefits from strong daily traffic counts north of 35,000 vehicles per day and is located directly adjacent to the State Route 170 Hollywood Freeway , providing excellent freeway visibility with daily traffic counts north of 200,000 vehicles.

Property Facts

Price £5,365,200
Price / SF £750.59 / SF
Net Initial Yield 1.51%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 7,148 SF
Total Land Area 0.58 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
11331 Camarillo St, North Hollywood, CA 91602 Retail 5,200 SF 2007 -
Starbucks
11339 Camarillo St, North Hollywood, CA 91602
Retail 1,948 SF - -
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  • Listing ID: 33302044

  • Date on Market: 25/09/2024

  • Last Updated:

  • Address: 11331-11339 Camarillo St., North Hollywood, CA

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