Parthenia Plaza – 16904 Parthenia St, Northridge, CA 91343

Unique Opportunity to Acquire a McDonald’s Anchored Shopping Center or a Single Tenant McDonald’s and Prime In-Line Retail Space in an Excellent West San Fernando Valley Location

• Unique opportunity to purchase a 95% leased McDonald’s anchored shopping center located just East of the highly trafficked intersection of
  Parthenia Street and Balboa Boulevard in Northridge, CA

• Buyers have the unique opportunity to purchase a single tenant NNN ground lease McDonalds leased through 2038 with 4 five-year options

• McDonald’s has successfully operated at this location for 59 years since 1962

• McDonald’s has 12-15% rent increases every five years and 15-18% rent increases in each option period

• Average rents on the in-line space is $1.73 per SF plus NNN

• The stable and seasoned tenant mix has performed well during the Covid pandemic

• The center can be purchased as a whole, or the McDonald’s and the in-line shops can be purchased individually

• McDonald’s has recently completed a $1million dollar remodel + with second drive thru line has potential of boosting 33%
  

McDonald’s is the World’s Largest Restaurant Chain

• McDonald’s serves over 68 million customers daily in 120 countries

• McDonald’s has over 37,000 locations Worldwide

• Annual revenue exceeds $21 billion

• Annual Net income exceeds $9 billion

• Traded on the NYSE

• Worlds second largest private employer with 1.7 million employees

• Ranked 131^st on the Fortune 500 of the largest US Corporations

Excellent Northridge Location

• There have been well over 2 million square feet of new construction completed in the last 10 years in the Northridge sub-market

• Parthenia Plaza is ideally located four miles from the Northridge Fashion Center, a shopping center which contains over 1.4 million square feet of retail floor area

• Within four miles from Symmetry, a recently completed 6.9-acre mixed-use complex featuring 429 units and 21,000 square feet of retail amenities

Ideally located Proximate to a number of Retail Amenities and Restaurants

• Proximate retail amenities include: Target, Albertsons, CVS, and Home Depot

• Nearby restaurants include: KFC, Chipotle Mexican Grill, Five Guys, and Jack in the Box

• Just 4 miles from the property is the Northridge Fashion Center, which features retail amenities such as Apple, JCPenney, Macy’s, Ross Dress For Less, GameStop, and Foot Locker. It also features a variety of restaurants including California Pizza Kitchen, Mrs. Fields, Red Robin, and Starbucks

Strong Immediate Demographics

• Over 17,700 people are located within one mile of the property, 300,000 within three miles of the property, and 700,000 within five miles of the property

• There are approximately 5,600 households within one mile of the property, 90,000 within three miles of the property, and 218,000 within five miles of the property

• Average household income within one mile of the property surpasses $111,000, $80,000 within three miles of the property, and $88,000 within five miles of the property

• Total specified consumer spending in 2020 was well over $189 million within one mile of the property, over $2.457 billion within three miles of the property, and over $6.224 billion within five miles of the property