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11331-11339 Camarillo Street
North Hollywood, CA 91602

Price: $6,500,000 Zoning: C4-1
Bldg SF: 6,973 SF Price/SF: $932.17
Land SF: 25,111 SF Occupancy: 28%
Year Built: 2007 Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Steven Schechter
(818) 212-2793
Steven.schechter@marcusmillichap.com
License # 01089464

Price: $6,500,000
Bldg SF: 6,973 SF
Land SF: 25,111 SF
Year Built: 2007
Price/SF: $932.17
Occupancy: 28%
Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Steven Schechter
(818) 212-2793
Steven.schechter@marcusmillichap.com
License # 01089464

Investment Highlights

Prime North Hollywood Signalized Corner Shopping Center

 

  • Currently home to Starbucks, the world’s largest coffee chain, on an absolute NNN basis through 2027, with four 5-year options
  • 75% of the property is currently vacant and divisible, allowing an owner-user to occupy up to 5,500 square feet or a value-add investor the opportunity to stabilize a prime East San Fernando Valley retail center
  • The property houses a large, single-sided 14 x 48 billboard, which generates an additional income stream
  • Ideally located on the northeast signalized corner of Tujunga Avenue and Camarillo Street
  • Excellent freeway visibility from the State Route 170 Hollywood Freeway
  • Traffic counts north of 20,000 vehicles per day with over 200,000 vehicles traveling along SR 170

 

Starbucks is the World’s Largest Coffee Chain

 

  • Starbucks features over 31,000 locations throughout more than 70 countries
  • Starbucks employees over 346,000 people
  • Starbucks trades on the NASDAQ under the trading symbol SBUX
  • Starbucks has a number of popular subsidiaries, such as Ethos Water, La Boulange Bakery, Seattle’s Best Coffee, and Teavana
  • Annual revenue exceeds $26 billion
  • 2020 net sales were reported at $6.2 billion, with total assets north of $19 billion

 

High Growth Sub-Market with Significant New Development

 

  • Within close proximity to the proposed $1-billion development at North Hollywood Station
  • Less than 2 miles from NoHo West, a 25-acre 642 unit residential development site that will feature between 50 to 60 dining options and shopping options, a Trader Joe’s, a gym, and a movie theater
  • Less than two miles from The Weddington and L+O NoHo apartments, which combined bring over 600 newly completed residential units to the area
  • Ideally located near numerous retail amenities including Wells Fargo, 7-Eleven, Chipotle, Denny’s, McDonalds, and Subway

 

Dense and Affluent Immediate Demographics

 

  • Average household income within one mile of the property exceeds $96,100, $105,100 within three miles, and $101,100 within five miles of the property
  • There are over 44,400 people located within one mile of the property, 236,000 within three miles of the property, and 640,300 within five miles of the property
  • There are over 21,900 households located within one mile of the property, 100,700 within three miles of the property, and 265,400 within five miles of the property