08/28/2026
FOR SALE
16601 Ventura Blvd, Encino, CA
Matthew Luchs is pleased to present a rare opportunity to acquire the leased fee interest in a trophy ground-leased asset in the heart of Encino. The property is net leased on an absolute NNN basis to Citibank, N.A., an investment-grade (A+) credit tenant, at the signalized corner of Ventura Boulevard and Rubio Avenue — one of the most prestigious and affluent trade areas in the San Fernando Valley.
33,031 SF corner land parcel | ±44,555 SF building (owned by tenant during lease term)
$9,995,000 purchase price | 4.73% cap rate | $472,788 current NOI ($39,399.02/month)
Absolute NNN ground lease — tenant covers all taxes, insurance, utilities, and maintenance
Rent adjusts every 5 years based on CPI, uncapped, with the next increase 5/1/2029
Lease runs through 4/30/2034, with two 10-year renewal options extending to 2054
Upon expiration or termination, title to the building and all improvements reverts to the landowner at no cost
134 parking spaces (3/1,000) | Zoned LAC4 | Traffic counts exceed 47,500 VPD
Surrounded by top retailers including Equinox, Mercedes-Benz, Panera Bread, Dunkin’, Raising Cane’s, and the incoming Encino Village Market
A true generational holding — an irreplaceable Ventura Boulevard land position beneath an investment-grade tenant, with built-in inflation protection and full reversion of improvements.
Contact Matthew Luchs for details.
