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2320 W Victory BOULEVARD
Burbank, CA 91506

Price: $1,600,000 Zoning: C3, Burbank
Bldg SF: 880 SF Price/SF: $1,818
Land SF: 6,234 SF Parking: 11 Spaces
Year Built:  1949 Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 2320 W Victory Boulevard, Burbank, CA 91506
Price: $1,600,000
Bldg SF: 880 SF
Land SF: 6,234 SF
Year Built: 1949
CAP Rate: 4.35%
Price/SF: $1,818
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

RARE OPPORTUNITY TO ACQUIRE A FREESTANDING DRIVE-THROUGH RESTAURANT BUILDING IN BURBANK, CA

 

  • Existing restaurant with drive-through
  • Excellent parking ingress and egress along two streets
  • Corner Location
  • High traffic location with over 26,000 vehicles passing the subject property daily
  • Ideally located within a mile from a number of retail amenities, including Yogurt Land, Target, Marshalls, Subway, Ulta, and Lowe’s Home Improvement
  • Located proximate to a number of significant developments, Warner Bros. Second Century Project and Avion Burbank

 

EXCELLENT OPPORTUNITY FOR AN INVESTOR OR OWNER-USER BUYER

 

  • The property is leased on a triple net basis through December 1, 2023
  • The short-term lease allows for an Owner-User Buyer to occupy the property within the next few years

 

STRONG IMMEDIATE DEMOGRAPHICS

 

  • Over 24,000 people within one mile and over 462,000 people located within 5 miles of the subject property
  • Over 9,000 households within one mile and over 174,000 households located within 5 miles of the subject property
  • Average household income is over $100,000 within 1 mile of the property

 

SUB-MARKET SATURATED WITH DEVELOPMENTS AND RETAIL AMENITIES

 

  • Located near to the Warner Bros. Second Century Project, Avion Burbank, and First Street VillageWalking distance to several national retailers, such as Target, Costco, Best Buy, and Staples