Premier Retail Offering on a Prime Burbank Retail Corridor
This 14,295 SF stand-alone retail store on a 29,045 SF lot is set up with a stable low risk long-term NNN credit tenant, and a 3.6% 15-year fixed assumable loan.
Great 1031 Tax Exchange Low Risk Stable Asset with a long term corporate guaranteed Tenant.
Low Rate Assumable Financing Originally a 15- year loan with a 3.6% fixed interest rate, which will be paid-off in just under 11 years.
Property Recently Redeveloped In 2016, the property was structurally improved, and the roof was replaced. In 2018, the tenant made significant improvements for its use.
Excellent Location The property is located on a busy Burbank retail corridor proximate to several key credit tenant retailers.
Demographics Burbank has a dense population and solid demographics with approx. 87,000 people in a 2-mile radius with an average household annual income of approx. $104,000.