Smart&Final - Westlake Village, CA

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Pricing and Location


Price:   $18,579,826

Address:   5770 Lindero Canyon Road, Westlake Village, CA 91362

Status:   Available

Property Details


CAP Rate: 5.75% Year Built: 1998
Net Rentable Area: 53,417 Price Per Sqft: $347.83
Lot Size (Acres): 4.67 NOI: $1,068,340

Marketing Materials


Property Description


The Smart & Final is subject to a 20-year triple-net (NNN) lease with 19 years remaining. Current annual rent is $1,150,000. The rent is scheduled to two percent annual rental increases throughout the term including the four, five-year tenant renewal options. For many years, Smart & Final was known as "the smaller faster warehouse store," a place where restaurant chefs, culinary professionals and other businesses and organizations shopped for our distinct, restaurant-quality product assortment and low warehouse prices. Households shopped with them too to get those same great deals and products, especially when they were planning events or stocking up their pantry

Area Map and Street View


What Clients Are Saying                                     
 

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557