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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Getting around

89/100
Walk Score ®
54/100
Transit Score ®
63/100
Bike Score ®

Powered by Walk Score ®

Location

City Burbank, CA
Neighborhood Burbank
Zip Code 91502
Market Los Angeles

Points of Interest

Downtown Burbank

0.62 miles
Burbank Airport–South

3.21 miles
RideShare Pickup/Dropoff Point

3.90 miles
Universal City/Studio City

4.31 miles
North Hollywood

4.33 miles
Glendale

4.35 miles
Hollywood/Western Station

5.16 miles
Hollywood/Western

5.16 miles
Hollywood/Vine

5.34 miles
Hollywood/Vine Station

5.34 miles

7-Eleven

0.26 miles
Mobil

0.38 miles
United Oil

0.46 miles
Shell

0.50 miles
Chevron

0.56 miles
ChargePoint

0.59 miles
76

0.72 miles
Valero

0.98 miles
Parking electrique

1.33 miles
BWP EV Charge 2116 Glenoaks

2.12 miles

Ikea Parking Lot

0.20 miles
Aramark

0.63 miles
RV Parking Lot

1.22 miles
Dog Park Parking

1.65 miles
Zorro Parking

1.83 miles
Team Disney Burbank Parking

1.83 miles
Stough Park & Starlight Bowl Parking

2.05 miles
Zoo Parking

2.12 miles
parking structure

2.17 miles
Service Parking

2.20 miles

The Habit Burger Grill

0.12 miles
Inkwell Tavern

0.12 miles
El Tapatio

0.12 miles
Via Selfie Kitchen

0.16 miles
Bread & Breakfast

0.18 miles
The Stage Cafe

0.20 miles
Big Mama and Papas Pizza

0.21 miles
Papa John's

0.22 miles
Adana Restaurant

0.23 miles
Del Taco

0.24 miles

Trader Joe's

0.16 miles
Ralphs

0.20 miles
Red Top Market and Kitchen

0.26 miles
Raffi's Market

0.42 miles
Smart & Final Extra!

0.51 miles
Jons Fresh Marketplace

0.73 miles
Ross

0.76 miles
Burlington

0.81 miles
Burbank Town Center Mall

0.81 miles
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.