- For Sale $9,920,000
- Property Type Retail
- Property Size 14,295 SF
- Cap Rate % 4.5
- Zoning BCC-3
- Additional Rent Contact for pricing
- Year Built 1941
- Date Updated Sep 20, 2024
Kidder Mathews is pleased to present For Sale, an ideal generational 1031 tax exchange opportunity! This 14,295 SF stand-alone retail store is set up with a stable low risk long-term NNN credit tenant, and a 3.6% 15-year fixed assumable loan. The loan is amortized over 15 years, in its current term, the balance would be paid off in less than 11 years. (Loan amount represents approximately 35% LTV). The property sits in a choice Burbank corridor across the street from The Burbank Ikea store (Largest in N. America), The Tesla gallery dealership, and adjacent to a shopping center with Ralphs, CVS, Starbucks and The Habit. 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.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
89/100
Very Walkable
-
Transit Score ®
54/100
Good Transit
-
Bike Score ®
63/100
Bikeable
- City Burbank, CA
- Neighborhood Burbank
- Zip Code 91502
- Market Los Angeles
Points of Interest
-
Downtown Burbank
0.62 miles
-
Burbank Airport–South
3.21 miles
-
RideShare Pickup/Dropoff Point
3.90 miles
-
Universal City/Studio City
4.31 miles
-
North Hollywood
4.33 miles
-
Vermont/Sunset Entrance
5.38 miles
-
Vermont/Santa Monica North Entrance
5.93 miles
-
Vermont/Santa Monica South Entrance
6.03 miles
-
Vermont/Beverly
6.89 miles
-
Wilshire/Vermont
7.86 miles
-
Chevron
0.15 miles
-
7-Eleven
0.26 miles
-
Mobil
0.38 miles
-
United Oil
0.46 miles
-
Shell
0.50 miles
-
Arco
0.54 miles
-
Chevron
0.56 miles
-
Shell
0.97 miles
-
Valero
0.98 miles
-
76
1.02 miles
-
Ikea Parking Lot
0.20 miles
-
Aramark
0.63 miles
-
RV Parking Lot
1.22 miles
-
Dog Park Parking
1.65 miles
-
Zorro Parking
1.83 miles
-
Team Disney Burbank Parking
1.83 miles
-
Stough Park & Starlight Bowl Parking
2.05 miles
-
Zoo Parking
2.12 miles
-
parking structure
2.17 miles
-
Autry Museum Parking
2.20 miles
-
Habit Grill
0.12 miles
-
Subway
0.33 miles
-
The People's Choice Restaurant
0.44 miles
-
Black Angus
0.45 miles
-
Taco Bell
0.48 miles
-
Wokcano
0.48 miles
-
The Backhouse
0.49 miles
-
Gyu-Kaku
0.52 miles
-
Wild Carvery
0.53 miles
-
Poke Cafe
0.53 miles
-
Ralphs
0.20 miles
-
Ross
0.76 miles
-
Burlington
0.80 miles
-
Burbank Town Center Mall
0.81 miles
-
Sears
0.81 miles
-
Macy's
0.88 miles
-
99 cents
1.00 miles
-
Ani Grocery
1.02 miles
-
ALDI
1.18 miles
-
Pavilions 2214
1.22 miles
Frequently Asked Questions
How much does Harbor Freight Tools NNN Retail cost?
The space currently listed for sale at Harbor Freight Tools NNN Retail asks for $9,920,000.
What is the total square footage of Harbor Freight Tools NNN Retail?
Harbor Freight Tools NNN Retail totals 14,295 square feet.
When was this property built?
Harbor Freight Tools NNN Retail was built in 1941.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Contact Listing Broker
Korena Ellis Is this you?
Kidder Mathews
