The Newmark Pacific Retail Capital Markets team is pleased to offer qualified investors the opportunity to acquire The Ranch, an infill grocery anchored shopping center located in the heart of the dynamic Burbank sub-market. The center, consisting of 85,777 square feet, is strategically located at the intersection of Verdugo Avenue and Hollywood Way directly adjacent to the Ranch Lot Studios, a newly constructed “state-of-the-art” campus featuring studio, office, and production facilities.

The project is anchored by Smart & Final (27,381 SF) and CVS (25,500 SF). Both Smart & Final ($1.94 PSF) and CVS ($1.57 PSF) leases are at tremendously under market rents with no additional options to extend. In addition to the grocery/drug anchors, the center also includes a thoughtfully curated mix of restaurants, and specialty operators. The current ownership recently completed an extensive renovation of the entire shopping center upgrading the property physically and aesthetically.

In addition to housing an affluent residential population, Burbank is also one of the primary entertainment hubs in Southern California and is home to Walt Disney Company world headquarters, ABC Television, Warner Bros. Studios, iHeart Media, New Line Cinema, PBS SoCal, Legendary Entertainment, and DC Comics. There are over 580,000 residents with average household incomes of $128,869 within the primary trade area. The exceptional demographic characteristics of the trade area are evident through the exceptional sales produced by retailers and restaurants operating in this dynamic sub-market. The Ranch presents investors with a unique opportunity to acquire a “best-in-class” infill grocery anchored shopping center with tremendous upside.