250 S Glenoaks Blvd - Service Station FOR SALE
Burbank, CA 91502 |
$7,090,909 USD
703-477-1315
250 S Glenoaks Blvd
Burbank, CA 91502
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).
- Irreplaceable location with high barriers to entry for new gas competitors.
- Operating history of 26+ years.
- Infill location with strong underlying intrinsic value.
OVERVIEW
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
FOR SALE DETAILS
PRICE
$7,090,909 USD
PRICE/SF
$3,545 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
United Pacific: Burbank, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.46 AC
LAND SF
20,038 SF
ZONING
-
APN/PARCEL ID
2455-013-025
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703-477-1315
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703-477-1315
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