20021 Roscoe Boulevard, Winnetka, CA 91306
Opportunity Highlights
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Current Cap Rate of 5.69%
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Upon lease-up of vacant unit, cap rate shall be 5.90%
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Synergistic mix of retail, restaurant, and service-focused tenants
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Many tong-term tenants that have been operating at the center since 1986
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Passive investment with all tenants on triple net leases
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Across the street from Winnetka Elementary
Exclusive Offering
Located just off of Roscoe Boulevard and Winnetka Avenue, 20021 Roscoe Boulevard is a well-maintained, 18,174 square foot (to be confirmed by Buyer) strip retail shopping center situated on a 39,857 square foot parcel of land conveniently located in the diverse, densely populated neighborhood of Winnetka on Roscoe Boulevard, a primary east-west retails corridor in the west-central region of the San Fernando Valley, one of the most preeminent urban infill sub-markets within Los Angeles County.
The asset offers ease of management with all tenants on triple net leases. A majority of the tenants have been in the center since it was built in 1986, exemplifying the strength of the location. With the synergistic mix of retail, restaurants, and service-focused tenants, this asset offers stability for any new investor.
Strategically positioned near the two major arteries of Roscoe Blvd. and Winnetka Ave., a heavily trafficked signalized intersection featuring over 46,000 cars per day. It is situated in a dense, infill trade area with an average household income of $ 64,488 and over 500,000 residents in a 5 - mile radius.