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Shopping Strip

Burbank Airport Center

2575 N Hollywood Way, Burbank, CA 91505

Listing Price: $10,500,000

Cap Rate
4.36%
Gross SF
10,035
Rentable SF
10,035
Price/Gross SF
$1,046.34
Lot Size
1.65 acres
Year Built
2008

Investment Overview

Burbank Airport Center is an A+ Trophy Location ±10,035 square foot retail *Includes rent credit strip located in Burbank (Los Angeles County), California. The building was constructed in 2008 and is directly adjacent to the Hollywood Burbank Airport on North Hollywood Boulevard (±40,000 VPD). The tenants have staggered rental increases, which benefits a future owner as a strong hedge against inflation. The site boasts a population of 240,000 residents in a 3-mile radius, and nearly 500,000 residents in a 5-mile radius, with average household incomes of $95,245 and $106,718, respectively.

Investment Highlights

  • A+ Trophy Location Strip Center – The Property is Currently Occupied by Five Tenants with staggered rental increases and Minimal Landlord Responsibilities
  • Tenants Include Starbucks, El Pollo Loco, San Sai, Fish Dish, and George's Greek Cuisine | Rental Upside through Existing Vacancy
  • Features Easy Access & Excellent Visibility on N Hollywood Way to Over 40,000 VPD | Located at the Primary Entrance to Hollywood Burbank Airport, Services More Than Four Million Passengers Per Year
  • Less Than One Mile to I-5, the Golden State Freeway, which Boasts Daily Traffic Counts of ±194,000 Vehicles Per Day
  • Strong Retail Synergy – Outparcels Include Panda Express, McDonald's, Denny's, & Del Taco | All Outparcel Properties have been Open and Operating since their Original 2008 Construction
  • Excellent Centralized Location | Surrounding cities include San Fernando to the NW, Glendale to the SE, N Hollywood to the West, and the Hollywood Hills/Griffith Park to the South
  • Numerous Real Estate Developments Nearby: Avion Burbank (60 Acre Mixed-Use Project), Aero Crossings (862 Unit Mixed-Use Development), First Street Village (275 Unit Mixed-Use Development), LaTerra SELECT (573 Residential Units & 307 Hotel Rooms), & many more
  • Features Dense Population and Highly Affluent Area – Nearly 240,000 people reside in a 3-mile radius, nearly 500,000 in a 5-mile radius, and an impressive average household income of $95,245 per year & $106,718 per year in a 3-mile radius and 5-mile radius, respectively

Exclusively Listed By

Financing By

Shopping Strip

Burbank Airport Center

Listing Price: $10,500,000

Cap Rate
4.36%
Gross SF
10,035
Rentable SF
10,035
Price/Gross SF
$1,046.34
Lot Size
1.65 acres
Year Built
2008

Investment Highlights

  • A+ Trophy Location Strip Center – The Property is Currently Occupied by Five Tenants with staggered rental increases and Minimal Landlord Responsibilities
  • Tenants Include Starbucks, El Pollo Loco, San Sai, Fish Dish, and George's Greek Cuisine | Rental Upside through Existing Vacancy
  • Features Easy Access & Excellent Visibility on N Hollywood Way to Over 40,000 VPD | Located at the Primary Entrance to Hollywood Burbank Airport, Services More Than Four Million Passengers Per Year
  • Less Than One Mile to I-5, the Golden State Freeway, which Boasts Daily Traffic Counts of ±194,000 Vehicles Per Day
  • Strong Retail Synergy – Outparcels Include Panda Express, McDonald's, Denny's, & Del Taco | All Outparcel Properties have been Open and Operating since their Original 2008 Construction
  • Excellent Centralized Location | Surrounding cities include San Fernando to the NW, Glendale to the SE, N Hollywood to the West, and the Hollywood Hills/Griffith Park to the South
  • Numerous Real Estate Developments Nearby: Avion Burbank (60 Acre Mixed-Use Project), Aero Crossings (862 Unit Mixed-Use Development), First Street Village (275 Unit Mixed-Use Development), LaTerra SELECT (573 Residential Units & 307 Hotel Rooms), & many more
  • Features Dense Population and Highly Affluent Area – Nearly 240,000 people reside in a 3-mile radius, nearly 500,000 in a 5-mile radius, and an impressive average household income of $95,245 per year & $106,718 per year in a 3-mile radius and 5-mile radius, respectively

Investment Overview

Burbank Airport Center is an A+ Trophy Location ±10,035 square foot retail *Includes rent credit strip located in Burbank (Los Angeles County), California. The building was constructed in 2008 and is directly adjacent to the Hollywood Burbank Airport on North Hollywood Boulevard (±40,000 VPD). The tenants have staggered rental increases, which benefits a future owner as a strong hedge against inflation. The site boasts a population of 240,000 residents in a 3-mile radius, and nearly 500,000 residents in a 5-mile radius, with average household incomes of $95,245 and $106,718, respectively.

Exclusively Listed By

Financing By

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