1118 N Glendale Ave - Service Station FOR SALE


Glendale, CA 91206- Woodbury
$8,072,047 USD
703-477-1315
1118 N Glendale Ave, Glendale, CA for Sale
$8,072,047 USD
Service Station - FOR SALE
1/12
null | 5.25% Cap Rate

1118 N Glendale Ave
Glendale, CA 91206
Woodbury


HIGHLIGHTS

  • Absolute NNN Lease with Increases
  • High Barriers to Entry
  • Long-Term Operating History
  • Intrinsic Underlying Value
  • Los Angeles MSA Advantage

OVERVIEW

CBRE is pleased to offer for sale the 857-square-foot United Pacific gas station and convenience store positioned on 0.31 acres in Glendale, California — part of the Los Angeles MSA (MSA Population: 13M+). 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 three, 5-year renewal options. Business is not for sale.

FOR SALE DETAILS

PRICE

$8,072,047 USD

PRICE/SF

$9,194 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific: Glendale, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

-

APN/PARCEL ID

5646-019-011

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.