20021 Roscoe Boulevard, Winnetka, CA 91306
Current Cap Rate of 5.69%
Upon lease-up of vacant unit, cap rate shall be 5.90%
Synergistic mix of retail, restaurant, and service-focused tenants
Many tong-term tenants that have been operating at the center since 1986
Passive investment with all tenants on triple net leases
Across the street from Winnetka Elementary
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.