18568 ventura blvd
PRICE
BUILDING SIZE
TARZANA, CA 91356
$7,585,000
10,268 SF
LOT SIZE
33,174
CAP RATE
LEASE EXPIRATION
PARKING
7.25%
5/31/2032
48 Spaces
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 18568 Ventura Boulevard, a 10,268 SF single tenant absolute NNN Walgreens situated on a total of 0.76 acres of land comprised of two separate parcels, a 13,811 SF front parcel zoned C2-1VL and a 19,363 SF rear parcel zoned R1-1, separated by an alley, for a total of 33,174 SF. The subject property is ideally positioned on the corner of Ventura Boulevard & Mecca Street in the affluent San Fernando Valley submarket of Tarzana, CA.
This unique offering combines a stable and secure income stream from Walgreens with the potential for a multitude of potential uses at this location in the long term, including retail, restaurant, medical, and land development. The site benefits from 48 dedicated parking spaces, a parking ratio of 4.67 spaces per 1,000 SF, which supports sustained customer traffic and ease of operations. Due to the site’s proximity to transit, AB 2097 eligibility eliminates municipal parking requirements, allowing all uses under the existing C2 zoning allowable at this location.
The site presents an exceptional underlying medical-use profile, as its prime location is less than 0.4 miles from Providence Cedars Sinai Tarzana Medical Center, the San Fernando Valley’s premier medical hub. The site’s proximity to the hospital positions the site as an ideal destination for medical operators seeking convenience, accessibility, and long-term viability.
The property is strategically positioned along Ventura Boulevard in Tarzana’s pedestrian-oriented core, a high-traffic corridor that combines strong vehicular and foot activity. Walgreens anchors this key node, benefiting from direct connectivity to the 101 Freeway and Providence Cedars-Sinai Tarzana Medical Center, which recently underwent a $624 million renovation completed in 2023.