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1750 Olive Ave Burbank, CA 91506

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High-ROI QSR, 11.7 years remaining

Property size:
3,119 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a leased fee interest (land ownership) in a freestanding Raising Cane's restaurant in Burbank, CA. The 3,119 square foot property, built in 2022, boasts a prime location on W. Olive Avenue, a major retail thoroughfare with over 30,300 vehicles passing daily. Its strategic placement near Interstate 5 (221,000 VPD) ensures high visibility and accessibility. The property benefits from a strong demographic profile, with a 5-mile trade area encompassing over 547,000 residents and 332,000 daytime employees, and a 1-mile trade area boasting an average household income of $152,066. Nearby national retailers include Walmart, Costco, Target, and the Burbank Town Center, further enhancing the property's appeal. The absolute NNN lease with Raising Cane's, a corporate-guaranteed tenant, has 11.7 years remaining, featuring 10% rent increases every 5 years, providing a hedge against inflation and consistent NOI growth of $385,000. The 0.52-acre lot is zoned C-2 Commercial Limited Business. This is a management-free investment opportunity with significant long-term growth potential in a thriving Los Angeles County market. The property features a drive-thru and is situated on a hard corner intersection with prominent monument signage. This represents a rare opportunity to acquire a high-performing QSR asset in a densely populated and affluent area, known as the "Media Capital of the World," with significant tourism traffic. The APN is 2444-011-017.

Property Features for 1750 Olive Ave

General Information

Property type
Restaurants
Square Feet
3,119 SF
Lot Size
22,651 SF

Building Details

Year Built
2022

Property Profile Location Intelligence

Current Use by Public Records

Stogies Daily Cigar Shop Raising Cane's Chicken ... Fast Food Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Burbank
County
Los Angeles
State
California
Longitude
-118.3235163
Latitude
34.1664524

FAQs

What type of property is this?
Restaurant - High-ROI QSR, 11.7 years remaining
Where is this restaurant located?
The property is located at 1750 Olive Ave Burbank, CA.
More about this property
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