PROPERTY OVERVIEW (Former Walgreens)
Rent. $295,000/yr, Modified Gross (inclusive of RET; R&M, insurance, utilities separate)
Master Lease Expiration. 5/31/34
Walgreens Premises. ±14,220 SF (ground floor)
Signage. Dedicated monument + building
Intersection. Ventura + Woodley (~45K VPD)
Parking. 40 spaces (exclusive) + 22 parking passes for the shared parking area
Year Built. 2009
Zoning. Neighborhood Commercial (C-2) – USE REGULATIONS
Prohibited Uses. Pharmacy, photofinishing services, laundry facility, adult entertainment, disco, bowling alley, billiard hall, skating rink, arcade, second-hand or liquidation store, massage or tattoo parlor, automobile establishment, industrial use, assembly hall, church.
LOCATION OVERVIEW
Situated in an affluent Los Angeles metropolitan location
High Traffic Counts (~41K VPD). I-405 and US-101 are ±1 mile east and north, respectively.
High Avg. HH Inc. – $229K w/in 1 mi.
SUBLEASE TERMS*
Rent* $295K/yr, modified gross
Term 5/31/34 (Co-terminus with master lease)
Delivery "As-Is”
Offers Evaluated as Received
*Price + terms, along with all offers, are subject to approval of Walgreen Co.’s Real Estate Committee
Mark Hollenbeck
Retail Net Real Estate, LLC