1033 N Hollywood Way
Burbank, CA 91505
Target | New 15 Yr Absolute NNN Lease · Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale Target Burbank, a newly renovated 25,480-square-foot Target Express Store located in Burbank, California. Target will invest approximately $7 million in the building. It will feature a brand new roof, HVAC and all new systems, demonstrating a strong commitment to the location. The store will offer fresh groceries (with grab-and-go offerings and easy meal solutions), men' s and women' s apparel, select kids' and baby products, home décor, health and beauty products, tech accessories and more. Target Corporation signed a 15-year absolute net lease featuring 10 percent rental increases every five years throughout the initial term and four five-year option periods. Target Corporation, a publicly traded company (NYSE: TGT) with investment grade credit rating A by Standard & Poor' s, posts annual revenues exceeding $73.8 billion and a net worth in excess of $12.9 billion. Target Burbank is located at 1033 North Hollywood Way with easy access and excellent visibility to daily traffic counts in excess of 34,000 vehicles. This exposure is enhanced through excellent signage and a signalized intersection along North Hollywood Boulevard. The site is conveniently located in close proximity to the 101, 124, and 5 freeways. This excellent centralized location is less than 3 miles north of Universal Studios Hollywood (7.1 million annual visitors), Warner Bros. Studios, The Walt Disney Studios, iHeartRadio Theatre, NBC, Cartoon Network, and many other strong tourist destinations.