Description

11826 San Vicente Boulevard is a single-tenant triple-net retail investment in Brentwood, occupied by milk + honey, a high-end salon and med spa. The approximately 5,926-square-foot storefront sits on an approximately 8,751-square-foot parcel. Originally built in 1950, the property was comprehensively renovated in 2020, including its structure and building systems.

The tenant's current rent is $53,241.40 per month with 3% annual increases. The initial lease term runs through July 31, 2030 and includes two additional five-year extension options. Under the NNN lease, the tenant is responsible for property taxes, utilities, insurance, and common-area expenses. At the $10,648,280 asking price, the current annual NOI of $638,896.80 represents a 6.0% cap rate.

The property offers approximately 51 feet of frontage along San Vicente Boulevard and nine dedicated parking spaces. It is one block west of Barrington Avenue, near a corridor carrying approximately 29,000 vehicles per day, and within walking distance of Whole Foods Market, Mendocino Farms, SUGARFISH, Baltaire, Barry's Brentwood, Starbucks, Katsuya, banks, and other neighborhood amenities. The San Vicente Boulevard and Barrington Avenue intersection currently has a Walk Score of 91.