NNN Romantix - Canoga Park

For Sale

21625 Sherman Way, Canoga Park, CA 91303

This Canoga Park property for sale is located at 21625 Sherman Way. The current listed sale price for NNN Romantix - Canoga Park is $985,000. NNN Romantix - Canoga Park is situated on a lot that is 0.08 acre in size.

Contacts

broker

Matthew Dobson

Arbor Realty Capital Advisors

Property Details

  • Property Type Retail - Street Retail
  • Property Size 1,970 SF
  • Units 1
  • Lot Size 0.08 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1947
  • Date Updated Jun 25, 2024
Canoga Park is a diverse and vibrant neighborhood in the west San Fernando Valley, known for its historic and cultural attractions, as well as its recreational and shopping opportunities. Canoga Park offers a variety of options for outdoor enthusiasts, from hiking and biking trails to golf courses and parks. The neighborhood is also a shopper’s paradise, with the Westfield Topanga & The Village mall, one of the largest and most upscale shopping centers in the Valley, as well as numerous smaller shops and businesses along Sherman Way and Topanga Canyon Boulevard. With its blend of history and modernity, Canoga Park is a dynamic and attractive destination for those looking to enjoy the best of the Valley lifestyle. Canoga Park, nestled in the western San Fernando Valley region of Los Angeles, California, showcases a multifaceted economy grounded in manufacturing, retail, and a burgeoning tech sector. Historically recognized for its aerospace and manufacturing industries, the area has evolved to include a diverse range of businesses from small startups to established companies, particularly in technology and green energy sectors, reflecting a shift towards innovation-driven economic growth. The revitalized downtown area, with its mix of shopping, dining, and cultural venues, serves as a focal point for community and economic activity, supporting local businesses and attracting investment. Additionally, Canoga Park benefits from its proximity to major Los Angeles economic hubs, enhancing its connectivity and appeal to both businesses and workforce. This blend of traditional manufacturing roots with modern technological innovation and vibrant retail landscapes contributes to Canoga Park’s role as a dynamic player in the regional economy of the San Fernando Valley.The Subject Property is a +1,970 square foot retail building net leased to a single tenant, situated on a +3,499 square foot lot in Canoga Park, CA. Romantix is the current tenant, having recently extended its lease for an additional 10 years. Strategically positioned on Sherman Way between Canoga Avenue and Topanga Canyon Boulevard, the property stands on a bustling arterial road surrounded by a mix of local, regional, and national businesses. The vacancy rate in Canoga Park is currently below 4%, with most retail spaces featuring storefront designs and limited rear parking. A significant advantage for the Subject Property is its location adjacent to public parking lots, enhancing accessibility and convenience for visitors.Lease Description

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Highlights

  • Available individually or as part of a portfolio
  • New 10 year lease extension from Romantix with annual increases
  • Full Corporate Guarantee
  • Single Tenant NNN asset
  • Strong Sherman Way Location
  • Adjacent to Iconic Madrid Theatre (re-opening 2024)

Getting around

  • 90/100

    Walk Score ®

  • 54/100

    Transit Score ®

  • 90/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Canoga Park, CA
  • Neighborhood Canoga Park
  • Zip Code 91303
  • Market Los Angeles

Points of Interest

  • Van Nuys

    8.86 miles

  • Shell

    0.18 miles

  • 76

    0.60 miles

  • Costco Gasoline

    0.98 miles

  • Chevron

    1.45 miles

  • 7-Eleven

    1.49 miles

  • Arco

    1.81 miles

  • B2 Charging Station

    4.67 miles

  • Chargie

    4.67 miles

  • G3 Charging Station

    5.05 miles

  • Tesla Supercharger

    6.20 miles

  • Public Parking

    0.04 miles

  • Follow Your Heart parking

    0.15 miles

  • Green Thumb parking

    0.16 miles

  • Wells Fargo Parking

    0.18 miles

  • Costco / Village

    1.09 miles

  • Tennis Center

    1.13 miles

  • Farmers

    1.20 miles

  • Henri's

    0.04 miles

  • Pho 21

    0.07 miles

  • Taqueria Tapetio

    0.10 miles

  • Grand Italian

    0.10 miles

  • Pokitomik

    0.21 miles

  • B3

    0.22 miles

  • Chilenazo

    0.23 miles

  • Oi

    0.23 miles

  • Ay Papa Que Rico

    0.23 miles

  • KFC

    0.26 miles

  • Follow Your Heart Market

    0.16 miles

  • Big Lots

    0.23 miles

  • Vallarta

    0.36 miles

  • Target

    0.65 miles

  • Macy's

    0.68 miles

  • Ralphs

    0.72 miles

  • Westfield Topanga

    0.74 miles

  • Neiman Marcus

    0.79 miles

  • Nordstrom

    0.88 miles

  • Amazon Fresh

    1.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Matthew Dobson

Arbor Realty Capital Advisors