7421 Hillrose Street is one of a kind corner commercial lot located in the beautiful city of Tujunga, California.
Nestled in an extremely dense residential community, on a busy street corner and minutes away from a local high school, this location is truly one of a kind. Built in 1950, this property features an approximate 0.43 acre (18,880 sq ft) lot, and 3,096 sq ft of retail store space.
The single tenant property is currently fully leased and used to operate “Canyon Market & Liquor”, a 5-star rated community market and liquor store. Business is NOT included with this investment sale.
Property is currently tenant occupied. Please do not disturb current tenants. Showing by appointment only with broker present.
Available for sale for is an INVESTMENT SALE, fully leased property. Sale includes real property only (C-store business not included) Long-term single tenant to remain in place, with lease details as follows:
Term: 5 years
Start: September 21, 2016
End Date: August 31, 2021
Security Deposit on file: $5,000.00
Rent as follows:
$4,500/month – 09/01/2016 to 09/30/2016
$4,200/month – 10/01/2016 to 08/31/2018 (Current Period)
$4,375/month – 09/01/2018 to 08/31/2019
$4,500/month – 09/01/2018 to 08/31/2021
OPTION TO RENEW:
Tenant has one (1) single, eight (8) year option to renew, if exercised, for a lease period of September 1, 2021 through August 31, 2029.
The eight-year option includes the following language:
– Reasonable rent increases, fees & costs
– Option at lessors sole and reasonable discretion.
Unique commercial lot located in a residential area
Fully leased investment property with long term tenant
High visibility, high traffic street corner
Property is available for showing by appointment only.
Just listed! Won’t last! Call now! 714.829.0990
Exclusively listed by Jason Keyz, CalBRE 01906778