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250 S Glenoaks Blvd
Burbank, CA 91502
United Pacific: Burbank, CA · Retail Property For Sale
Investment Highlights
- The site is subject to a ±7.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
- Operating history of 26+ years.
- Irreplaceable location with high barriers to entry for new gas competitors.
- Infill location with strong underlying intrinsic value.
Executive Summary
CBRE is pleased to offer for sale the 330 SF United Pacific fuel and convenience store located on 0.46 acres in Burbank, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±7.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
BUSINESS IS NOT FOR SALE
BUSINESS IS NOT FOR SALE
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
330 SF
Building Class
C
Year Built
2000
Price
$7,090,909
Price Per SF
$21,487.60
Cap Rate
5.50%
NOI
$390,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.46 AC
Parking
8 Spaces (24.24 Spaces per 1,000 SF Leased)
Frontage
491’ on Glenoaks
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 2455-013-025 | Improvements Assessment | $415,582 |
| Land Assessment | $3,805,887 | Total Assessment | $4,221,469 |
Property Taxes
Parcel Number
2455-013-025
Land Assessment
$3,805,887
Improvements Assessment
$415,582
Total Assessment
$4,221,469
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