Shakey's Pizza | 10yrs Remain NNN w/ Incrs 5321 Laurel Canyon Blvd

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, Shakey’s investment property located in Valley Village, California (Los Angeles County). The tenant, SCO LLC, has approximately 10 years remaining in their current lease term with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features approximate 3% annual rental increases during the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1954, Shakey’s was the first franchise pizza chain in the United States.
The offering only includes the 5 parking spaces directly behind the building (see Site Plan on Page 13). There is a easement and ROW down the property line, the adjacent parking lot is owned by the skilled nursing facility next door. Per the Seller, the parking has not affected store revenues which continue to be consistent.