Absolute NNN Leased 7-Eleven 6625 Lankershim Blvd 2,400 SF Retail Building North Hollywood, CA 91606 £3,195,558 (£1,331.48/SF) 4.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease - Zero Landlord Obligations
- High Reported Historic Store Sales
- Nearby Access to 134, 170, 101 and 5 Freeways
- Long Term Operating History
- Prominent Location with Exceptional Visibility (28,000+ VPD)
- Dense 3-Mile Demographics - 288,824 Residents
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a high-performing 7-Eleven in North
Hollywood, California, secured by an Absolute NNN Lease. The lease was recently
extended for 12 more years, includes three (3) five-year renewal options, and
features 10% rental increases every five years, ensuring long-term stability. The
lease is corporately guaranteed by 7-Eleven.
Strategically positioned along Lankershim Boulevard, a major north-south arterial
road with traffic exposure to over 28,000 vehicles per day, this property benefits
from exceptional visibility within a thriving business district. Additionally, it offers
convenient access to the 134, 170, 101, and 5 Freeways and is just 2.7 miles from
Hollywood Burbank Airport, enhancing its accessibility and appeal. Surrounded by
a dense population of 288,824 residents within a three-mile radius, the location
provides strong demographics and consistent consumer traffic.
Hollywood, California, secured by an Absolute NNN Lease. The lease was recently
extended for 12 more years, includes three (3) five-year renewal options, and
features 10% rental increases every five years, ensuring long-term stability. The
lease is corporately guaranteed by 7-Eleven.
Strategically positioned along Lankershim Boulevard, a major north-south arterial
road with traffic exposure to over 28,000 vehicles per day, this property benefits
from exceptional visibility within a thriving business district. Additionally, it offers
convenient access to the 134, 170, 101, and 5 Freeways and is just 2.7 miles from
Hollywood Burbank Airport, enhancing its accessibility and appeal. Surrounded by
a dense population of 288,824 residents within a three-mile radius, the location
provides strong demographics and consistent consumer traffic.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,400 SF
Building Class
C
Year Built
1973
Price
£3,195,558
Price Per SF
£1,331.48
Net Initial Yield
4.75%
NOI
£151,808
Tenancy
Single
Number of Floors
1
Slab to Slab
11 ft
Building FAR
0.26
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
LAC2
Parking
12 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
60 ft on Lankershim Blvd
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2322-018-026 | Improvements Assessment | £129,124 |
| Land Assessment | £66,696 | Total Assessment | £195,820 |
