2320 W Victory BOULEVARD
Burbank, CA 91506

Price: | $2,000,000 | Zoning: | C3, Burbank |
Bldg SF: | 880 SF | Price/SF: | $2,273 |
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: $2,000,000
Bldg SF: 880 SF
Land SF: 6,234 SF
Year Built: 1949
CAP Rate: 3.48%
Price/SF: $2,273
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
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Existing restaurant with drive-through
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Excellent parking ingress and egress along two streets
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Corner Location
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High traffic location with over 26,000 vehicles passing the subject property daily
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Ideally located within a mile from a number of retail amenities, including Yogurt Land, Target, Marshalls, Subway, Ulta, and Lowe’s Home Improvement
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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
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The property is leased on a triple net basis through December 1, 2023
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The short-term lease allows for an Owner-User Buyer to occupy the property within the next few years
STRONG IMMEDIATE DEMOGRAPHICS
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Over 24,000 people within one mile and over 462,000 people located within 5 miles of the subject property
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Over 9,000 households within one mile and over 174,000 households located within 5 miles of the subject property
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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