Petco-Party City Anchored Centers
4 Retail Properties Offered at $29,975,000 in Burbank, CA
INVESTMENT HIGHLIGHTS
- Prime retail investment opportunity in the city of Burbank - 5.69% Pro Forma Cap Rate
- Strong Anchor National Tenants with a Phenomenal Tenant Mix
- Fully Occupied with an Abundance of Parking
- Irreplaceable Location at the Signalized Intersection of N Hollywood Way and Victory Blvd
- Two Retail Shopping Centers on Opposite Corners of N Hollywood Way with Service Based Tenants
EXECUTIVE SUMMARY
Same owner for past 50 years - incredible generational opportunity to acquire a trophy asset in one of Southern California's most desirable markets!
NAI Capital is pleased to present a portfolio of two trophy retail centers on opposite corners of the signalized intersection of Victory Blvd and Hollywood Way in the city of Burbank. The center boasts an attractive tenant mix, including several large national anchor tenants such as Petco and Party City, which provide name brand specialty retail services without any competitors in the immediate area. The leases are NNN offering ease of management and stable, in place cash flow to incoming investors.
Burbank boasts an affluent and highly educated population, with strong household incomes and a median age of 38, making it an ideal market for retailers targeting a wide demographic. The city is home to major studios like Warner Bros. and Disney, attracting professionals and families alike, while its thriving downtown adds to the retail demand. The property’s strategic location positions it to capture significant traffic from both the local community and nearby entertainment industry professionals.
The property comes equipped with ample parking, combined with easy access from multiple entry points, creates a seamless experience for visitors. With its high-traffic location, dynamic tenant mix, and strong Burbank demographics, this retail center offers an unparalleled opportunity for retailers looking to thrive in a prosperous and vibrant city.
NAI Capital is pleased to present a portfolio of two trophy retail centers on opposite corners of the signalized intersection of Victory Blvd and Hollywood Way in the city of Burbank. The center boasts an attractive tenant mix, including several large national anchor tenants such as Petco and Party City, which provide name brand specialty retail services without any competitors in the immediate area. The leases are NNN offering ease of management and stable, in place cash flow to incoming investors.
Burbank boasts an affluent and highly educated population, with strong household incomes and a median age of 38, making it an ideal market for retailers targeting a wide demographic. The city is home to major studios like Warner Bros. and Disney, attracting professionals and families alike, while its thriving downtown adds to the retail demand. The property’s strategic location positions it to capture significant traffic from both the local community and nearby entertainment industry professionals.
The property comes equipped with ample parking, combined with easy access from multiple entry points, creates a seamless experience for visitors. With its high-traffic location, dynamic tenant mix, and strong Burbank demographics, this retail center offers an unparalleled opportunity for retailers looking to thrive in a prosperous and vibrant city.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$1,528,730
|
PROPERTY FACTS
| Price | $29,975,000 |
| Price / SF | $485.90 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 5.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 61,690 SF |
| Total Land Area | 3.01 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2010 N Hollywood Way, Burbank, CA 91505 | Retail | 9,430 SF | 2010 | - |
| 2000 N Hollywood Way, Burbank, CA 91505 | Retail | 13,313 SF | 1940 | - |
| 2011 N Hollywood Way, Burbank, CA 91505 | Retail | 34,500 SF | 1985 | - |
| 2015 N Hollywood Way, Burbank, CA 91505 | Retail | 4,447 SF | 1985 | - |
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