2500 W Magnolia Blvd - Service Station FOR SALE


Burbank, CA 91505- Magnolia Park
$3,000,000 USD
703-477-1315
2500 W Magnolia Blvd, Burbank, CA for Sale
$3,000,000 USD
Service Station - FOR SALE
1/8
null | 5% Cap Rate

2500 W Magnolia Blvd
Burbank, CA 91505
Magnolia Park


HIGHLIGHTS

  • Irreplaceable location with high barriers to entry for new gas competitors.
  • Operating history of 44 years.
  • Infill location with strong underlying intrinsic value.

OVERVIEW

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 ±8.9-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

$3,000,000 USD

PRICE/SF

$2,632 USD /SF

CAP RATE

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

1981

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

BUC3*

APN/PARCEL ID

2479-001-003

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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