O'Reilly Strip Center Multi-Tenant Asset Canoga Park California

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Investment Offering

Tenant: O’Reilly Strip Center | Canoga Park, CA
Premises: 16,000 SF
Renewal Options: Varies

Lease Expiration: Varies
Lease Type:
Rental Increases:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 16,000 SF O’Reilly Strip Center Located at 21061 Sherman Way in Canoga Park, CA. The Property is 100% Occupied, Anchored By O’Reilly Auto Parts Until 2028 (Occupied Since 1998). Canoga Park Plaza Offers a Value-Add Component By Bringing Rents to Market and Passing Through NNN That Are Currently Not Being Collected. The Property is Located at the Lighted Intersection of Sherman Way and Variel Avenue (Over 40,000 VPD), Near the West Hills of San Fernando Valley, CA.

100% Occupied, National Anchored, Value-Add Opportunity
Anchored By O’Reilly’s, Occupied Since 1998 With Lease Term to 2028 and Options to 2038
Adjacent to CVS and Service Oriented 100,000 SF Shopping Center
Well Below Market Rents (Costar: $30/SF and Subject Property Averages $20.34/SF)
Dense Urban Location Offers 211,707 Population and $104,067 Average Household Income (3-Mile)
Located 1.4-Miles From Pierce College Woodland Hills (20,506 Students Enrolled) and Canoga Park HS (1439 Students)
Robust Employment Base Offers 110,185 Employees, 23.9M Square Feet of Industrial and 13.9M Square Feet of Office Space Within 3- Miles of the Site
Significant Redevelopment Occurring in the Area with 11 New Major Developments in the Valley: Developers Will Build Thousands of New Units of Housing, Create Open Space, Bring in New Retailers, and Build New Offices, Creating Mini Villages Within Neighborhoods
Strong Performing O’Reilly Auto Parts- Ranking in the Top 4% in the Nation (Source: Placer.ai).

In Cooperation With Sands Investment Group, Inc – Lic. #1768950

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Tenant Overview

O’REILLY AUTO PARTS

O’Reilly Automotive, Inc.(NASDAQ: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories. Its stores offer auto body paint and related materials, automotive tools, and professional service provider service equipment. Its stores provide do-it-yourself and professional service provider customers a selection of products for domestic and imported automobiles, vans, and trucks. O’Reilly Automotive intends to be the dominant supplier of auto parts in our market areas by offering our retail customers, professional installers, and jobbers the best combination of price and quality provided with the highest possible service level. O’Reilly Auto Parts was founded in 1957 and began with one store in Springfield, Missouri. We are the dominant auto parts retailer in all of our market areas. As of September 30, 2023, the Company operated 6,111 stores across 48 U.S. states, Puerto Rico, and Mexico.

Area Overview