NNN Romantix - Canoga Park

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