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United Pacific: Burbank, CA 2500 W Magnolia Blvd 1,140 SF Retail Building Burbank, CA 91505 $3,000,000 ($2,631.58/SF) 5% Cap Rate
Investment Highlights
- Irreplaceable location with high barriers to entry for new gas competitors.
- Infill location with strong underlying intrinsic value.
- Operating history of 44 years.
Executive Summary
CBRE is pleased to offer for sale the 140 SF United Pacific fuel and convenience store located on 0.28 acres in Burbank, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±8.8-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
Property Type
Retail
Property Subtype
Service Station
Building Size
1,140 SF
Building Class
C
Year Built
1981
Price
$3,000,000
Price Per SF
$2,631.58
Cap Rate
5%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.09
Lot Size
0.28 AC
Zoning
BUC3* - Commercial
Parking
6 Spaces (5.26 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2479-001-003 | Improvements Assessment | $218,727 |
| Land Assessment | $2,910,189 | Total Assessment | $3,128,916 |
Property Taxes
Parcel Number
2479-001-003
Land Assessment
$2,910,189
Improvements Assessment
$218,727
Total Assessment
$3,128,916
Contacts
-
Thomas Carr -
Ty Grenier -
Christopher Bosworth -
Brian Pfohl -
Leah Lindell -
Abby Kelly -
Katie Goldberg -
Kaitlyn Wolf -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
CBRE
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Photos
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United Pacific: Burbank, CA | 2500 W Magnolia Blvd
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