10% rent bump in 3 years~! Kidder Mathews is pleased to present, For Sale, an ideal generational 1031 tax exchange opportunity in Burbank, The media capital of the World! This 14,295 SF stand-alone retail store on a 29,045 SF lot spans over approximately 3/4 of a block. This property is set up with a stable low risk long-term NNN credit tenant, and a option to assume the 3.6% 15-year fixed loan. The loan is amortized over 15 years, in its current term, the balance would be paid off in just over 10 years. (Loan amount represents approximately 35% LTV). The property sits in a choice Burbank corridor across the street from The Burbank Ikea store entrance (Largest in N. America), The Tesla gallery dealership. And it is accompanied, within blocks, by: Ralphs, CVS, Starbucks, The Habit, Walgreens, Trader Joes, CarMax, Chevron, Home Depot, the Interstate 5 Freeway, and less than a mile from the Burbank Town Center shopping mall that features over 100 retail shops. Its densely populated family oriented location is perfect for a convenient family tool and equipment store. TENANT: HARBOR FREIGHT TOOLS is a privately held tool and equipment retailer headquartered in Calabasas, CA. They operate over 1,500 Locations in 48 states with approximately $6.5 Billion Dollars in annual revenue. LEASE: The Tenant is in their 6th year of a 15 year term, with 4 (5 year) options to renew. The Tenant is responsible for all the maintenance and repairs except for roof and structure, and the rent increases 10% every 5 years.