Petco-Party City Anchored Centers Retail FOR SALE


Burbank, CA - Northwest District
$29,975,000 USD
805-338-9232
, Burbank, CA for Sale
$29,975,000 USD
Retail - FOR SALE
1/12
null | 5.1% Cap Rate

Petco-Party City Anchored Centers
Burbank, CA
Northwest District


HIGHLIGHTS

  • Prime retail investment opportunity in the city of Burbank - 5.69% Pro Forma Cap Rate
  • Irreplaceable Location at the Signalized Intersection of N Hollywood Way and Victory Blvd
  • Strong Anchor National Tenants with a Phenomenal Tenant Mix
  • Two Retail Shopping Centers on Opposite Corners of N Hollywood Way with Service Based Tenants
  • Fully Occupied with an Abundance of Parking

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Rose O'SullivanNAI CapitalMore Info
805-338-9232

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Rose O'SullivanNAI CapitalMore Info
805-338-9232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.