Restaurant

2320 Victory Blvd

2320 Victory Blvd, Burbank, CA 91506

Listing Price: $1,800,000

Cap Rate
3.87%
Tenant Name
Blazin Burgers
Years Remaining On Lease
2.9
Guarantor
No Guarantee
Rentable SF
880
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.09

Investment Overview

Marcus & Millichap has been selected to exclusively represent for sale 2320 West Victory Boulevard, an 885 square foot restaurant with a drive through located on 6,192 square feet of land, featuring 11 parking spaces. The property is located on the corner of Victory Boulevard and North Brighton Street, just east of North Buena Vista Street, in the highly desirable sub-market of Burbank, CA. 2320 West Victory has two curb cuts and is accessible from both Victory Boulevard and Brighton Avenue. The property is also accessible from the alley behind the parking lot. The property is built out as a restaurant, and features seating both indoors and outdoors. The property is fully leased to Blazin’ Burgers ‘N Fried Chicken, a vegan, plant-based fast-food restaurant. They feature burgers (made with the impossible patty), fried chicken, animal style fries, and milk shakes. It is currently leased through December 1, 2023, with one three-year option (option is at market rate). It is located across the street from several retail amenities, including Yogurtland, Round Table Pizza, It’s Boba Time, and UPS. It is also located one mile from the Burbank Empire Center, which features Walmart, Ulta, Best Buy, Marshalls, Target, and Lowe’s Home Improvement. The property is leased on a triple net basis, presenting the opportunity for an investor to earn hassle-free income for the next three to six years, with the potential to occupy or re-stabilize at lease-end. The lease expires in 2023, creating the potential for an owner-user Buyer to occupy the property at that time. 2320 West Victory Boulevard is well located within the bounds of Burbank, known for its history in the aviation, cinematic, and entertainment industries. Additionally, the property is ideally located only 1.5 miles from the Hollywood Burbank Airport, which carried over 5.98 million passengers in 2019.

Investment Highlights

  • Existing restaurant with drive-through
  • Excellent parking ingress and egress along two streets
  • Corner Location
  • High traffic location with over 26,000 vehicles passing the subject property daily

Exclusively Listed By

Listing Price: $1,800,000

Cap Rate
3.87%
Tenant Name
Blazin Burgers
Years Remaining On Lease
2.9
Guarantor
No Guarantee
Rentable SF
880
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.09

Investment Highlights

  • Existing restaurant with drive-through
  • Excellent parking ingress and egress along two streets
  • Corner Location
  • High traffic location with over 26,000 vehicles passing the subject property daily

Investment Overview

Marcus & Millichap has been selected to exclusively represent for sale 2320 West Victory Boulevard, an 885 square foot restaurant with a drive through located on 6,192 square feet of land, featuring 11 parking spaces. The property is located on the corner of Victory Boulevard and North Brighton Street, just east of North Buena Vista Street, in the highly desirable sub-market of Burbank, CA. 2320 West Victory has two curb cuts and is accessible from both Victory Boulevard and Brighton Avenue. The property is also accessible from the alley behind the parking lot. The property is built out as a restaurant, and features seating both indoors and outdoors. The property is fully leased to Blazin’ Burgers ‘N Fried Chicken, a vegan, plant-based fast-food restaurant. They feature burgers (made with the impossible patty), fried chicken, animal style fries, and milk shakes. It is currently leased through December 1, 2023, with one three-year option (option is at market rate). It is located across the street from several retail amenities, including Yogurtland, Round Table Pizza, It’s Boba Time, and UPS. It is also located one mile from the Burbank Empire Center, which features Walmart, Ulta, Best Buy, Marshalls, Target, and Lowe’s Home Improvement. The property is leased on a triple net basis, presenting the opportunity for an investor to earn hassle-free income for the next three to six years, with the potential to occupy or re-stabilize at lease-end. The lease expires in 2023, creating the potential for an owner-user Buyer to occupy the property at that time. 2320 West Victory Boulevard is well located within the bounds of Burbank, known for its history in the aviation, cinematic, and entertainment industries. Additionally, the property is ideally located only 1.5 miles from the Hollywood Burbank Airport, which carried over 5.98 million passengers in 2019.

Exclusively Listed By

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