Commercial Real Estate in Montecito Park available for sale
Glendale Drive Through Restaurants For Sale

Drive Through Restaurants for Sale within 10 kilometers of Montecito Park, Glendale, CA, USA

More details for 6588 Foothill Blvd, Tujunga, CA - Retail for Sale

6588 Foothill Blvd

Tujunga, CA 91042

  • Drive Through Restaurant
  • Retail for Sale
  • $16,133,291 CAD
  • 14,745 SF

Tujunga Retail for Sale - Eastern SFV

Specialized Realty proudly presents the opportunity to purchase a single tenant retail asset leased by CVS Pharmacy in the prominent Tujunga Canyon Center in the heart of Tujunga, California. 6588 Foothill Blvd. is a single-tenant, absolute NNN lease with a corporate guaranty and almost zero landlord obligations in a center with well-established national tenants. The current lease has 4 years remaining (expiring March 2028) with four (4) five (5) year renewal options. Current NOI - $551,911.92 Cap Rate – 4.75% Increases – 10% every five years throughout the option periods starting in 2028, 2033, 2038, and 2043 Price per /SF - $788.40 CVS Pharmacy w/ drive-thru is the anchor tenant occupying 14,745 SF on a 1.65 acre parcel zoned LAC2 (APN 2564-012-039) in a center featuring several national retailers which include McDonald's, IHOP, WINGSTOP, and Dollar Tree. Nearby national and regional major retailers include In-N-Out, Public Storage, PetSmart, Chase, Chevron, 7-Eleven, Albertsons, Harbor Freight, Big 5, and Smart & Final. The subject benefits from its location on the major thoroughfare running from Sunland to La Canada at the signalized intersection of Tujunga Canyon and Foothill Blvd. with exposure to over 33,000 vehicles per day. The asset is located within a diverse retail landscape & affluent demographic with a median household income over $92,000 within a 3-mile radius.

Contact:

Specialized Realty, Inc.

Property Subtype:

Drug Store

Date on Market:

2024-02-06

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More details for W. Burbank Blvd – for Sale, Burbank, CA

W. Burbank Blvd

  • Drive Through Restaurant
  • Mixed Types for Sale
  • $9,645,279 CAD
  • 2 Properties | Mixed Types
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More details for 1028 W Burbank Blvd, Burbank, CA - Industrial for Sale

1028 W Burbank Blvd

Burbank, CA 91506

  • Drive Through Restaurant
  • Industrial for Sale
  • $4,996,116 CAD
  • 3,824 SF
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More details for 1750 W Olive Ave, Burbank, CA - Retail for Sale

Raising Cane's | 21yr Remaining Abs NNN - 1750 W Olive Ave

Burbank, CA 91506

  • Drive Through Restaurant
  • Retail for Sale
  • Price Upon Request
  • 5,324 SF
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Drive Through Restaurants For Sale

Drive Through Restaurants

A drive-thru restaurant is a type of fast food establishment that provides customers with the ability to order and receive their meal while still in their car. This type of restaurant has been on the rise in recent years with an increase in demand for quick, mobile-friendly food options.

The majority of drive through restaurants are located on or near busy streets, making them easy for drivers to access. This accessibility can be attractive to investors as it will increase potential revenues by attracting more customers without extensive advertising costs.

Why should you buy a restaurant with a drive through as an investor?

There are many reasons to invest in a drive through restaurant. These restaurants can be profitable if they're modeled correctly and managed well. You need to consider several things when investing in a drive-through restaurant, such as location and demographics, before deciding whether or not it's right for you

The first thing that needs consideration is where your potential business should be located. A major factor here is population density - what does the neighborhood look like? Is there plenty of foot traffic on any given day? If so, this would mean more customers for the restaurant! You also want to make sure there are no competing businesses nearby that may lure away your customer base; try looking at some other areas of town with less competition and underserved population.

What are the costs of buying a drive through restaurant?

The costs to consider include the cost of the building, renovations or repairs and upgrades needed in order to do business. There may be additional fees such as franchise fees, permits, licensing. Talk to your broker about additional costs.

The cost for a commercial property itself will vary depending on the size and location; a building might cost more than one near a busy highway interchange with high traffic volume. The price per square foot also varies significantly by location.

How to make your purchase profitable and sustainable in the long run.

Purchasing a profitable drive-through restaurant requires careful research and consideration of what is needed in the area.

You will need to consider the most profitable drive-through locations, deciding if you want a single site or plan on multiple sites.

Consideration should be given to both established restaurants with traffic volumes that meet your needs as well as those which are under-performing but have potential for time and money investment to increase revenues.

Is it worth it for you to buy a drive thru restaurant now?

Right now is a a great time to invest in a drive through restaurant.

As of 2021, Interest rates are low and there is less competition for properties, which means you can get the property for less money than if you buy it later on down the road when prices and interest rates may increase. Additionally, now would be a good time to buy because people need convenient and safe food options during tough economic times.

Looking to lease a Drive Through Restaurant? View Drive Through Restaurants for lease