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7153 Lindley Ave.

Reseda , California 91335

Listing Type:
For Sale
Listing Price:
$2,995,000.00
Property Type:
Retail
Property Subtype:
Strip Center
Year Built:
1985
Listing Status:
Active
Building Size:
10165 SqFt
Land Area:
0.40 Acres

Description:

KW Commercial is pleased to present this 10,165 SF (Per Title) "L-Shaped" 7-Eleven Shopping Center situated on 17,487 SF C2 zoned signalized corner lot. The offering has excellent frontage with approximately 135 feet along Lindley Ave. & 130 feet along Sherman Way.
This center has an excellent tenant mix including; a 7-Eleven, a Dry Cleaners (Agency), a Beauty Salon, a Spa, a Donut Shop, a Middle Eastern Restaurant, and 2 Clear Channel Billboards. The 7-Eleven has just exercised their option early and has 2 additional 5-year options to follow.
The offering features approximately 19 on-site parking spaces in addition to plenty of street parking. There are 2 points of ingress & egress to enter and exit this location. There is also a monument sign at the signalized corner.
This property will attract an investor looking for a signalized corner L-Shaped 7-Eleven Shopping Center with an excellent tenant mix, seasoned tenants, and long-term leases.
10,165 SF "L-SHAPED" 7-ELEVEN SHOPPING CENTER ON 17,487 SF LA-C2 ZONED SIGNALIZED CORNER LOT.
CURRENT CAP RATE OF 6% / PROFORMA CAP RATE OF 7.2%!!!
THE CITY OF LOS ANGELES HAS PROPOSED TO DEVELOP A YEAR-ROUND ICE SKATING & ROLLER HOCKEY FACILITY AS PART OF THE REVITALIZATION OF RESEDA TOWN CENTER COMMERCIAL AREA JUST 2 PARCELS WEST OF THE SUBJECT PROPERTY.
EXCELLENT TENANT MIX; MAJORITY OF THE TENANTS HAVE BEEN AT THIS LOCATION FOR MORE THAN 5 YEARS!
OUTSTANDING CAR TRAFFIC COUNTS WITH APPROXIMATELY 56,000 CARS PER DAY.
GREAT LOCATION: ACROSS THE STREET FROM KAISER PERMANENTE MEDICAL FACILITY & FIRESTONE TIRES; LESS THAN 2 MILES FROM THE VAN NUYS AIRPORT.
STRONG DEMOGRAPHICS; OVER 30,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & OVER 230,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.

Presented by:

David  Yashar

Director

(310) 724-8043

(310) 710-5626

Click here to email

Listed by:

Keller Williams Realty Westside

L.A. Westside

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