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810 S San Fernando BlvdBurbank, CA 91502
Harbor Freight
Asset ClassRetail, Industrial
Deal Size$9.6 M
Cap Rate: 4.65%Rentable SF: 14,295Access Data Room
overview of deal

Overview

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.

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Investment Highlights

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.

810 S San Fernando BlvdBurbank, CA 91502

For more info, please contact:

Korena EllisFirst Vice President

License #: 01430539

310.906.3276korena.ellis@kidder.com

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Listing provided by Revere CRE