Shakey's Pizza | 10yrs Remain NNN w/ Incrs 5321 Laurel Canyon Blvd 6,490 SF Retail Building Valley Village, CA 91607 $4,709,749 CAD ($725.69 CAD/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

10 Years Remaining | Scheduled Rental Increases | Well-Known & Established Brand
Dense Retail Corridor | Strong National Credit/Tenant Presence |NOHO West Shopping Center | U.S. Highway 101 (270,000 VPD)
Nearby Signalized, Hard-Corner Intersection | Large Pylon Sign | Los Angeles Valley College | Excellent Visibility & Access

NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
Rare Southern California Opportunity | High Barriers to Entry
Strong Demographics in Trade Area | Six-Figure Income

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

6,490 SF

Building Class

Year Built

1967

Price

$4,709,749 CAD

Price Per SF

$725.69 CAD

Cap Rate

5.75%

NOI

$270,814 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.68

Lot Size

0.22 AC

Zoning

C2 - Commercial Zone

Frontage

113’ on Laurel Canyon Blvd

AMENITIES

Bus Line
Corner Lot

Pylon Sign
Restaurant

Signage

Signalized Intersection

Accommodation and Food Services
99,999 SF
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Originally established in 1954 as the destination for pizza, beer, and ragtime music, Shakey’s “Ye Public House” has been the go-to social gathering place for family and friends to enjoy great food and great times while making great memories that last a lifetime. For over six decades, Shakey’s has been serving its original thin crust pizza, crispy fried chicken, craveable Mojo® Potatoes and its popular beers on tap in a fun, relaxed atmosphere that attracts customers for a variety of occasions. Bunch of Lunch invites time-pressed guests to build their own meal featuring an endless assortment of freshly made pizzas, chicken, Mojos, and salads, all for one low price. With hope of a brighter future on the horizon, the brand’s classic game rooms, big screen TVs, and community tables will once again make Shakey’s a favorite celebration spot for birthdays, anniversaries, graduations and team parties.