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1118 N Glendale Ave
Glendale, CA 91206
United Pacific: Glendale, CA · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease with Increases
- Long-Term Operating History
- Los Angeles MSA Advantage
- High Barriers to Entry
- Intrinsic Underlying Value
Executive Summary
CBRE is pleased to offer for sale the 857-square-foot United Pacific gas station and convenience store positioned on 0.31 acres in Glendale, California — part of the Los Angeles MSA (MSA Population: 13M+). The site is subject to a ±7.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the three, 5-year renewal options.
Business is not for sale.
Business is not for sale.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
857 SF
Building Class
C
Year Built
1958
Price
$11,261,313 CAD
Price Per SF
$13,140.39 CAD
Cap Rate
5.25%
NOI
$591,218 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.31 AC
Parking
4 Spaces (4.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 5646-019-011 | Improvements Assessment | $667,673 CAD |
| Land Assessment | $5,225,263 CAD | Total Assessment | $5,892,936 CAD |
Property Taxes
Parcel Number
5646-019-011
Land Assessment
$5,225,263 CAD
Improvements Assessment
$667,673 CAD
Total Assessment
$5,892,936 CAD
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