Contacts
Korena Ellis
Kidder Mathews
Property Details
- Property Type Retail
- Property Size 14,295 SF
- Cap Rate % 4.5
- Zoning BCC-3
- Additional Rent Contact for pricing
- Year Built 1941
- Date Updated Nov 20, 2024
Kidder Mathews is pleased to present For Sale, an ideal generational 1031 tax exchange opportunity! This 14,295 SF stand-alone retail store is set up with a stable low risk long-term NNN credit tenant, and a 3.6% 15-year fixed assumable loan. The loan is amortized over 15 years, in its current term, the balance would be paid off in less than 11 years. (Loan amount represents approximately 35% LTV). The property sits in a choice Burbank corridor across the street from The Burbank Ikea store (Largest in N. America), The Tesla gallery dealership, and adjacent to a shopping center with Ralphs, CVS, Starbucks and The Habit. TENANT: HARBOR FREIGHT TOOLS is a privately held tool and equipment retailer headquartered in Calabasas, CA. They operate over 1,500 Locations in 48 states with approximately $6.5 Billion Dollars in annual revenue. LEASE: The Tenant is in their 6th year of a 15 year term, with 4 (5 year) options to renew. The Tenant is responsible for all the maintenance and repairs except for roof and structure, and the rent increases 10% every 5 years.
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Reach out to the broker for more info on lease terms and amenities
Getting around
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89/100
Walk Score ®
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54/100
Transit Score ®
-
63/100
Bike Score ®
Location
- City Burbank, CA
- Neighborhood Burbank
- Zip Code 91502
- Market Los Angeles
Points of Interest
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Downtown Burbank
0.62 miles
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Burbank Airport–South
3.21 miles
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RideShare Pickup/Dropoff Point
3.90 miles
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Universal City/Studio City
4.31 miles
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North Hollywood
4.33 miles
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Glendale
4.35 miles
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Hollywood/Western Station
5.16 miles
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Hollywood/Western
5.16 miles
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Hollywood/Vine
5.34 miles
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Hollywood/Vine Station
5.34 miles
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7-Eleven
0.26 miles
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Mobil
0.38 miles
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United Oil
0.46 miles
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Shell
0.50 miles
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Chevron
0.56 miles
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ChargePoint
0.59 miles
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76
0.72 miles
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Valero
0.98 miles
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Parking electrique
1.33 miles
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BWP EV Charge 2116 Glenoaks
2.12 miles
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Ikea Parking Lot
0.20 miles
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Aramark
0.63 miles
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RV Parking Lot
1.22 miles
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Dog Park Parking
1.65 miles
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Zorro Parking
1.83 miles
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Team Disney Burbank Parking
1.83 miles
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Stough Park & Starlight Bowl Parking
2.05 miles
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Zoo Parking
2.12 miles
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parking structure
2.17 miles
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Service Parking
2.20 miles
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The Habit Burger Grill
0.12 miles
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Inkwell Tavern
0.12 miles
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El Tapatio
0.12 miles
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Via Selfie Kitchen
0.16 miles
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Bread & Breakfast
0.18 miles
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The Stage Cafe
0.20 miles
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Big Mama and Papas Pizza
0.21 miles
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Papa John's
0.22 miles
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Adana Restaurant
0.23 miles
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Del Taco
0.24 miles
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Trader Joe's
0.16 miles
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Ralphs
0.20 miles
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Red Top Market and Kitchen
0.26 miles
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Raffi's Market
0.42 miles
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Smart & Final Extra!
0.51 miles
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Jons Fresh Marketplace
0.73 miles
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Ross
0.76 miles
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Burlington
0.81 miles
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Burbank Town Center Mall
0.81 miles
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Sears
0.81 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
Korena Ellis
Kidder Mathews
